Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit during Development Stage [Member]
Balance at Dec. 31, 2012 $ 958,708 $ 2,159 $ 16,800,829 $ (15,844,280)
Balance (in shares) at Dec. 31, 2012   2,159,156    
Stock based compensation 1,275,466 0 1,275,466 0
Issuance of common stock on exercise of warrants in April 2013 ($8.00 per share) 306,666 38 306,628 0
Issuance of common stock on exercise of warrants in April 2013 ($8.00 per share) (in shares)   38,334    
Issuance of common stock and warrants in August 2013 ($4.25 per share) net of transaction expenses of $1,351,987 10,042,033 2,680 10,039,353 0
Issuance of common stock and warrants in August 2013 ($4.25 per share) net of transaction expenses of $1,351,987 (in shares)   2,680,000    
Warrants issued for services rendered 30,172 0 30,172 0
Net loss (7,176,996) 0 0 (7,176,996)
Balance at Sep. 30, 2013 $ 5,436,049 $ 4,877 $ 28,452,448 $ (23,021,276)
Balance (in shares) at Sep. 30, 2013   4,877,490