Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flow - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (4,496,117) $ (2,244,610)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11,986 12,891
Deferred rent 259 993
Share based compensation expense 1,371,734 392,694
Changes in operating assets and liabilities:    
Prepaid expenses (498,612) 93,780
Other assets 673 (53)
Accounts payable 771,885 122,722
Accrued expenses (193,568) 79,032
Net cash used in operating activities (3,031,760) (1,542,551)
Cash flows from financing activities:    
Proceeds from exercise of warrants 14,834,344 0
Payment of capital lease liability (2,410) (11,261)
Payment of note payable (70,827) 0
Net cash provided by (used in) financing activities 14,761,107 (11,261)
Net increase (decrease) in cash and cash equivalents 11,729,347 (1,553,812)
Cash and cash equivalents at beginning of period 4,105,451 3,226,997
Cash and cash equivalents at end of period 15,834,798 1,673,185
Supplemental non-cash financing:    
Preferred Stock Conversion 50,000 0
Additional-paid-in-capital for modification of warrants $ 16,741,356 $ 0