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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 74,149,797 $ 27,293,798
Accounts receivable 66,967 56,694
Prepaid expenses and other assets 600,931 369,259
Total current assets 74,817,695 27,719,751
Property and equipment, net 1,842,213 840,387
Other assets 362,946 336,708
Total Assets 77,022,854 28,896,846
Current liabilities:    
Accounts payable 1,100,073 747,799
Accrued expenses 2,124,080 1,841,808
Current portion of long-term debt 3,745,198 1,898,548
Total current liabilities 6,969,351 4,488,155
Long-term debt, less current portion 11,519,160 13,053,117
Derivative financial instruments 3,675,926 3,006,021
Total Liabilities $ 22,164,437 $ 20,547,293
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 60,600 shares outstanding at September 30, 2015 and December 31, 2014; designated as Series A Convertible Preferred Stock with liquidation preference of $606,000 at September 30, 2015 and December 31, 2014 $ 60 $ 60
Common stock, $0.0001 par value, 150,000,000 shares authorized; 29,722,602 and 18,915,794 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 2,972 1,891
Additional paid-in capital 156,355,718 89,739,511
Accumulated deficit (101,500,333) (81,391,909)
Total stockholders’ equity 54,858,417 8,349,553
Total liabilities and stockholders’ equity $ 77,022,854 $ 28,896,846