Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.2.0.727
Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and Cash Equivalents $ 6,605,498 $ 2,590,713
Restricted Cash - current 100,000 100,000
Contract Research Receivables 59,857 0
Prepaid Expenses 114,996 114,425
Total Current Assets 6,880,351 2,805,138
Fixed Assets - net 363,197 339,995
In-process research and development 3,017,377 0
Goodwill 1,384,674 0
Security deposit and other 216,475 216,317
TOTAL ASSETS 11,862,074 3,361,450
CURRENT LIABILITIES    
Accounts Payable 745,551 271,155
Accrued Expenses 339,835 802,746
Deferred Rent Liability 7,239 0
Note Payable 10,000 0
Capital Lease Obligation - Current 33,580 44,362
Total Current Liabilities 1,136,205 1,118,263
LONG TERM LIABILITIES    
Deferred Tax Liability 1,253,327 0
Contingent Consideration 843,674 0
Capital Lease Obligation - Long Term 0 15,291
TOTAL LIABILITIES 3,233,206 1,133,554
STOCKHOLDERS' EQUITY    
Common Stock, Par Value $ 0.0001, 150,000,000 Authorized, 56,967,690 Issued and outstanding shares as of June 30, 2015; 32,292,650 Issued and outstanding shares as of December 31, 2014 5,698 3,230
Additional Paid in Capital 27,649,577 16,276,430
Accumulated Deficit (19,026,407) (14,051,764)
Total Stockholders' Equity 8,628,868 2,227,896
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,862,074 $ 3,361,450