Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flow

v3.5.0.2
Condensed Consolidated Statements of Cash Flow - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (3,868,495) $ (4,974,643)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 26,298 20,583
Deferred rent 1,742 0
Share based compensation expense 793,471 733,761
Changes in operating assets and liabilities, net of amounts acquired:    
Grant receivable 0 (14,213)
Prepaid expenses 163,962 5,213
Other assets 105,295 (158)
Accounts payable (21,979) 173,983
Accrued expenses - other liabilities 163,050 (483,925)
Net cash used in operating activities (2,636,656) (4,539,399)
Cash flows from investing activities    
Equipment purchases (31,064) (38,734)
Acquisition of Aquarius, net of cash acquired 0 70,754
Net cash (used in) provided by investing activities (31,064) 32,020
Cash flows from financing activities:    
Issuance of common stock 0 8,522,164
Capital lease liability, net 19,036 0
Net cash provided by financing activities 19,036 8,522,164
Net (decrease) increase in cash and cash equivalents (2,648,684) 4,014,785
Cash and cash equivalents at beginning of period 3,226,997 2,590,713
Cash and cash equivalents at end of period 578,313 6,605,498
Supplemental non-cash financing activities    
Stock consideration for Aquarius merger 0 2,119,689
Accrued issuance Costs for Private Placement July 2016 $ 71,805 $ 0