Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 7,419,930 $ 1,785,390
Prepaid expenses and other 46,401 224,659
Total current assets 7,466,331 2,010,049
Furniture and equipment, net 42,801 46,894
Other assets:    
Restricted cash 60,335 60,267
Total assets 7,569,467 2,117,210
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable, including $80,210 and $6,809 to related parties as of September 30, 2013 and December 31, 2012, respectively 985,809 825,837
Accrued expenses 853,859 309,800
Promissory notes, related parties 280,000 0
Accrued interest, related party 0 3,155
Total current liabilities 2,119,668 1,138,792
Deferred rent payable 13,750 19,710
Total liabilities 2,133,418 1,158,502
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized; 4,877,490 and 2,159,156 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively 4,877 2,159
Additional paid in capital 28,452,448 16,800,829
Deficit accumulated during development stage (23,021,276) (15,844,280)
Total stockholders' equity 5,436,049 958,708
Total liabilities and stockholders' equity $ 7,569,467 $ 2,117,210