Component: (Network and Table)
Network
00100 - Statement - Consolidated Balance Sheets
(http://www.madrigalpharma.com/role/StatementConsolidatedBalanceSheets)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Consolidated Balance SheetsPeriod [Axis]
2016-12-31
2015-12-31
Consolidated Balance Sheets
 
 
Assets
 
 
Current assets:
 
 
Cash and cash equivalents
19,144,983  
306,249  
Marketable securities
21,354,525  
 
Other receivable - related party
 
7,332  
Prepaid expenses and other current assets
707,971  
50,000  
Total current assets
41,207,479  
 
363,581  
 
Property and equipment, net
2,946  
 
Total assets
41,210,425  
 
363,581  
 
Liabilities and Stockholders' Equity
 
 
Current liabilities:
 
 
Accounts payable
762,035  
102,293  
Accrued expenses
4,037,888  
70,203  
Convertible promissory notes payable - related parties
 
48,595,166  
Advances payable - related party
 
500,000  
Accrued interest on advances - related party
 
9,278  
Total current liabilities
4,799,923  
 
49,276,940  
 
Total liabilities
4,799,923  
 
49,276,940  
 
Stockholders' equity:
 
 
Preferred stock, par value $0.0001 per share authorized: 5,000,000 shares at December 31, 2016 and December 31, 2015; no shares issued and outstanding at each of December 31, 2016 and December 31, 2015
xsi:nil  
xsi:nil  
Common stock, par value $0.0001 per share authorized: 200,000,000 shares at December 31, 2016 and December 31, 2015, respectively; 11,951,866 and 176,158 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively
1,195  
18  
Additional paid-in-capital
111,691,351  
6,213  
Accumulated other comprehensive income
25,404  
 
Accumulated deficit
(75,307,448) 
(48,919,590) 
Total stockholders' equity (deficit)
36,410,502  
 
(48,913,359) 
 
Total liabilities and stockholders' equity
41,210,425  
 
363,581