Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Collaboration Revenue $ 669,259 $ 0
Operating Expenses:    
Research and Development 8,422,542 2,717,110
General and Administrative 5,593,563 3,960,498
Total Operating Expenses 14,016,105 6,677,608
Other Income (Expense), Net:    
Interest Income 3,684 947
Change in Fair Value of Warrant Liability 0 223,172
Interest Expense (275) (1,934,493)
Other Income, Net 0 10
Total Other Income (Expense), Net 3,409 (1,710,364)
Net Loss (13,343,437) (8,387,972)
Deemed Dividend on Preferred Stock 0 (8,222,008)
Less: Net Loss Attributable to Non-Controlling Interests 0 (5,177)
Net Loss Attributable to Common Stockholders $ (13,343,437) $ (16,615,157)
Net Loss per Common Share - Basic and Diluted $ (1.51) $ (2.70)
Weighted Average Shares Outstanding - Basic and Diluted 8,833,898 6,164,064
Net Loss $ (13,343,437) $ (8,387,972)
Other Comprehensive Loss:    
Foreign Currency Translation Adjustments 5,399 91,211
Comprehensive Loss (13,338,038) (8,296,761)
Net Loss Attributable to Non-Controlling Interest 0 (5,177)
Other Comprehensive Income Attributable to Non-Controlling Interests 0 32,967
Comprehensive Income Attributable to Non-Controlling Interests 0 27,790
Comprehensive Loss Attributable to Common Stockholders $ (13,338,038) $ (8,268,971)