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v3.6.0.2

Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015
--- | --- | ---
Current Assets: |  |
Cash and cash equivalents | $ 40,041,641 | $ 46,802,560
Prepaid expenses and other current assets | 478,503 | 441,810
Total current assets | 40,520,144 | 47,244,370
Property and equipment, net | 1,056,332 | 521,378
Prepaid research and development expenses | 759,531 | 696,531
Deposits | 52,320 |
Total assets | 42,388,327 | 48,462,279
Current liabilities: |  |
Accounts payable | 1,565,210 | 564,235
Accrued bonuses | 1,432,485 | 1,037,112
Accrued expenses | 3,267,371 | 6,145,631
Deferred rent | 68,551 |
Total current liabilities | 6,333,617 | 7,746,978
Deferred rent, net of current portion | 753,579 | 243,647
Total liabilities | 7,087,196 | 7,990,625
Stockholders' equity: |  |
Preferred stock; $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2016 and December 31, 2015 |  |
Common stock; $0.001 par value; 100,000,000 shares authorized, 23,250,023 shares issued and outstanding at December 31, 2016; 100,000,000 shares authorized, 19,050,204 shares issued and outstanding at December 31, 2015 | 23,249 | 19,049
Additional paid-in capital | 154,254,193 | 127,619,078
Accumulated deficit | (118,976,311) | (87,166,473)
Total stockholders' equity | 35,301,131 | 40,471,654
Total liabilities and stockholders' equity | $ 42,388,327 | $ 48,462,279

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