Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flow

v2.4.0.8
Condensed Consolidated Statements of Cash Flow (USD $)
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating Activities    
Net loss $ (7,176,723) $ (1,911,790)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 51,495 662
Share-based compensation 1,446,600 178,020
Changes in operating assets and liabilities:    
Deposits (4,591) 0
Prepaid expenses (47,070) (30,392)
Other liabilities 370,089 241,466
Accounts payable (184,937) 200,469
Net cash used in operating activities (5,545,137) (1,321,565)
Cash flows used by investing activities    
Equipment purchases (288,518) (28,298)
Net cash used in investing activities (288,518) (28,298)
Cash flows from financing activities    
Re-payment of loans provided by founders 0 (24,100)
Proceeds from redeemable convertible preferred stock issued for cash 0 500,001
Preferred Stock issuance costs 0 (4,140)
Proceeds from common stock issued for cash 0 15,000,000
Common stock issuance costs 0 (2,378,674)
Proceeds from formation of holding’s common stock 0 375,000
Proceeds from formation warrants 0 10,000
Proceeds from private placement warrants 0 20,000
Net cash provided by financing activities 0 13,498,087
Net ( decrease) increase in cash and cash equivalents (5,833,655) 12,148,224
Cash and cash equivalents:    
Beginning of period 10,840,428 424,364
End of period $ 5,006,773 $ 12,572,588