Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (unaudited)

v3.5.0.2
Condensed Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenues
Operating expenses:        
Research and development 1,056,429 547,029 2,646,125 1,257,075
General and administrative 598,507 531,841 1,753,008 1,467,759
Total operating expenses 1,654,936 1,078,870 4,399,133 2,724,834
Operating loss (1,654,936) (1,078,870) (4,399,133) (2,724,834)
Other income (expense):        
Interest income 3,142 1,451 7,072 3,650
Interest expense (1,886) (1,755) (5,643) (5,267)
Other expense (33) (1,452)
Amortization of debt discount (49) (49) (147) (147)
Total other income (expense) 1,207 (386) 1,282 (3,216)
Net loss $ (1,653,729) $ (1,079,256) $ (4,397,851) $ (2,728,050)
Basic and diluted net loss per share $ (0.05) $ (0.03) $ (0.13) $ (0.09)
Weighted average common shares outstanding - basic and diluted 33,416,874 32,320,891 32,878,254 31,951,056