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Accrued Expenses
 9 Months Ended
Sep. 30, 2016
Accrued Expenses  
Accrued Expenses

5. Accrued Expenses

 

The following is a summary of the Company’s accrued expenses:

 

 

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

 

2016

 

2015

 

Accrued research and development expenses

 

$
2,323,255

 

$
3,423,220

 

Accrued license and milestone fees

 

 

 —

 

 
2,000,000

 

Accrued consulting and other professional fees

 

 
263,211

 

 
242,227

 

Other accrued expenses

 

 
327,018

 

 
281,152

 

Accrued employee benefits

 

 
349,875

 

 
195,442

 

Accrued franchise and other taxes

 

 

 —

 

 
3,590

 

Accrued expenses

 

$
3,263,359

 

$
6,145,631