Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 5,802,593us-gaap_CashAndCashEquivalentsAtCarryingValue $ 3,338,979us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 105,815us-gaap_PrepaidExpenseAndOtherAssetsCurrent 182,930us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Investment held-to-maturity 7,999,553us-gaap_HeldToMaturitySecuritiesCurrent  
Deferred finance costs   745,039us-gaap_DeferredFinanceCostsCurrentNet
TOTAL CURRENT ASSETS 13,907,961us-gaap_AssetsCurrent 4,266,948us-gaap_AssetsCurrent
PROPERTY AND EQUIPMENT    
Fixed assets 1,248,509us-gaap_PropertyPlantAndEquipmentGross 231,120us-gaap_PropertyPlantAndEquipmentGross
Less: Accumulated depreciation and amortization (207,761)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (7,360)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
PROPERTY AND EQUIPMENT NET 1,040,748us-gaap_PropertyPlantAndEquipmentNet 223,760us-gaap_PropertyPlantAndEquipmentNet
NONCURRENT ASSETS    
Patents and domain names, net 500,010us-gaap_IntangibleAssetsNetExcludingGoodwill 379,703us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 14,656us-gaap_OtherAssetsNoncurrent 11,782us-gaap_OtherAssetsNoncurrent
TOTAL NONCURRENT ASSETS 514,666us-gaap_AssetsNoncurrent 391,485us-gaap_AssetsNoncurrent
TOTAL ASSETS 15,463,375us-gaap_Assets 4,882,193us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable 222,893us-gaap_AccountsPayableCurrent 91,974us-gaap_AccountsPayableCurrent
Accrued expenses 145,785us-gaap_AccruedLiabilitiesCurrent 163,375us-gaap_AccruedLiabilitiesCurrent
Accrued salaries and payroll related expenses 314,889us-gaap_EmployeeRelatedLiabilitiesCurrent 13,504us-gaap_EmployeeRelatedLiabilitiesCurrent
Deferred rent, current portion 36,204us-gaap_DeferredRentCreditCurrent 3,876us-gaap_DeferredRentCreditCurrent
Derivative liabilities   5,056,502us-gaap_DerivativeLiabilities
Convertible notes   7,740,843us-gaap_ConvertibleNotesPayableCurrent
TOTAL CURRENT LIABILITIES 719,771us-gaap_LiabilitiesCurrent 13,070,074us-gaap_LiabilitiesCurrent
LONG-TERM LIABILITIES    
Warrants   3,276,084us-gaap_WarrantsAndRightsOutstanding
Deferred rent 53,665us-gaap_DeferredRentCreditNoncurrent  
TOTAL LIABILITIES 773,436us-gaap_Liabilities 16,346,158us-gaap_Liabilities
Commitments and contingencies (Note 9)      
STOCKHOLDERS EQUITY (DEFICIT)    
Common stock, $0.001 par value, 10,000,000 authorized and 999,999 outstanding as of December 31, 2013, and 47,000,000 authorized and 6,931,984 outstanding as of December 31, 2014 6,931us-gaap_CommonStockValue 1,000us-gaap_CommonStockValue
Additional paid-in capital 35,880,183us-gaap_AdditionalPaidInCapitalCommonStock 1,000us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (21,197,175)us-gaap_DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage (11,465,965)us-gaap_DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
TOTAL STOCKHOLDERS EQUITY (DEFICIT) 14,689,939us-gaap_StockholdersEquity (11,463,965)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 15,463,375us-gaap_LiabilitiesAndStockholdersEquity $ 4,882,193us-gaap_LiabilitiesAndStockholdersEquity