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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (5,466,794) $ (4,519,949) $ (3,266,013)
Adjustments to reconcile net loss to net cash used in operating activities      
Amortization 160,625 160,625 160,625
Depreciation 41,137 10,284 0
Stock-based compensation and warrants 368,633 404,150 704,480
(Increase) decrease in assets      
Prepaid drug product for testing (404,848) (103,303) 143,636
Other current assets (78,483) (36,377) (21,542)
Increase (decrease) in liabilities      
Accounts payable and accrued expenses 375,439 267,073 (34,346)
Net cash used in operating activities (5,004,291) (3,817,497) (2,313,160)
CASH FLOW FROM INVESTING ACTIVITIES      
Purchase furniture, fixtures & equipment 0 (123,410) 0
Net cash used in investing activities 0 (123,410) 0
CASH FLOW FROM FINANCING ACTIVITIES      
Net proceeds from sale of common stock 0 13,812,373 5,330,946
Net proceeds from exercise of common stock options 0 435,500 0
Net cash from financing activities 0 14,247,873 5,330,946
NET INCREASE (DECREASE) IN CASH (5,004,291) 10,306,966 3,017,786
Cash, beginning of period 13,858,798 3,551,832 534,046
Cash, end of period 8,854,507 13,858,798 3,551,832
Cash paid for      
Interest 0 0 0
Income taxes 0 0 0
Non-cash financing activities      
Common stock issued to Placement Agent $ 0 $ 0 $ 771,047