Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Collaboration Revenue $ 234,600 $ 0 $ 234,600 $ 0
Operating Expenses:        
Research and Development 2,481,534 604,108 3,395,506 925,547
General and Administrative 1,579,155 939,487 3,107,933 1,722,333
Total Operating Expenses 4,060,689 1,543,595 6,503,439 2,647,880
Other Income (Expense), Net:        
Interest Income 2,808 2,242 3,125 2,406
Interest Expense 0 0 0 (1,920,146)
Change in Warrant Liability 0 0 0 223,172
Other Income 0 0 0 9
Total Other Income (Expense), Net 2,808 2,242 3,125 (1,694,559)
Net Loss Attributable to Common Stockholders (3,823,281) (1,541,353) (6,265,714) (4,342,439)
Deemed Dividend on Preferred Stock 0 0 0 (8,222,008)
Net Income Attributable to Non-Controlling Interests 0 0 0 (5,177)
Net Loss Attributable to Common Stockholders $ (3,823,281) $ (1,541,353) $ (6,265,714) $ (12,569,624)
Net Loss per Common Share - basic and diluted $ (0.46) $ (0.24) $ (0.77) $ (2.57)
Weighted-Average Shares Outstanding - basic and diluted 8,374,518 6,363,027 8,110,567 4,898,405
Net Loss Attributable to Common Stockholders $ (3,823,281) $ (1,541,353) $ (6,265,714) $ (4,342,439)
Other Comprehensive Income (Loss):        
Foreign Currency Translation Adjustments (496) 29,988 (1,059) 81,313
Comprehensive Loss (3,823,777) (1,511,365) (6,266,773) (4,261,126)
Less: Net Loss Attributable to Non-Controlling Interests 0 0 0 (5,177)
Less: Other Comprehensive Income Attributable to Non-Controlling Interests 0 0 0 32,967
Comprehensive Income Attributable to Non-Controlling Interests 0 0 0 27,790
Comprehensive Loss Attributable to Common Stockholders $ (3,823,777) $ (1,511,365) $ (6,266,773) $ (4,233,336)