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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Collaboration Revenue $ 274,289 $ 0 $ 508,889 $ 0
Operating Expenses:        
Research and Development 2,449,445 407,571 5,844,951 1,333,118
General and Administrative 1,201,804 946,180 4,309,737 2,668,513
Total Operating Expenses 3,651,249 1,353,751 10,154,688 4,001,631
Other Income (Expense), Net:        
Interest Income 298 202 3,423 621
Interest Expense 0 0 0 (1,920,146)
Change in Warrant Liability 0 0 0 223,172
Other Income (Expense) 0 (1,987) 0 9
Total Other Income (Expense), Net 298 (1,785) 3,423 (1,696,344)
Net Loss (3,376,662) (1,355,536) (9,642,376) (5,697,975)
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 $ (3,376,662) $ (1,355,536) $ (9,642,376) $ (13,925,160)
Net Loss per Common Share - Basic and Diluted $ (0.36) $ (0.19) $ (1.13) $ (2.46)
Weighted-Average Shares Outstanding - Basic and Diluted 9,269,535 7,161,777 8,499,709 5,661,153
Net Loss Attributable to Common Stockholders $ (3,376,662) $ (1,355,536) $ (9,642,376) $ (5,697,975)
Other Comprehensive Income (Loss):        
Foreign Currency Translation Adjustments 715 (6,741) (344) 74,572
Comprehensive Loss (3,375,947) (1,362,277) (9,642,720) (5,623,403)
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 $ (3,375,947) $ (1,362,277) $ (9,642,720) $ (5,595,613)