Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 20,140,667 $ 4,536,601
Restricted cash 11,667,315
Prepaid expenses and other current assets 146,987 $ 13,406
Total current assets 31,954,969 4,550,007
Non-current assets    
Property and equipment, net 8,808,387 245,641
Intellectual property, net 1,065,113 $ 1,028,554
Equipment deposits 3,853,702
Other assets 1,593,531
Total non-current assets 15,320,733 $ 1,274,195
Total assets 47,275,702 5,824,202
Current liabilities    
Accounts payable 3,192,113 40,306
Accrued expenses 80,518 $ 12,292
Short term notes payable $ 44,966
Accrued interest $ 65,589
Convertible notes payable, net 5,090,589
Total current liabilities $ 3,317,597 $ 5,208,776
Deferred rent 1,071,129
Long term notes payable, net $ 9,221,786
Derivative liabilities $ 1,384,782
Total liabilities $ 13,610,512 $ 6,593,558
Commitments and contingencies
Stockholders' equity (deficit)    
Common stock; $0.001 par; 50,000,000 shares authorized; 14,137,442 and 4,363,641 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively $ 14,137 $ 4,364
Additional paid-in capital 48,356,441 1,600,031
Accumulated deficit (14,705,388) (2,373,751)
Total stockholders' equity (deficit) 33,665,190 (769,356)
Total liabilities and stockholders' equity (deficit) $ 47,275,702 $ 5,824,202