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Unaudited Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net loss $ (15,465,912) $ (3,997,229)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 19,520 6,154
Loss on sale or disposal of assets 6,761
Stock-based compensation expense 1,121,990 373,989
Common stock issued for advisory services 1,409,363
Abandonment of in-process research and development intangible asset 951,000
Change in deferred income taxes (364,796)
Settlement of litigation matter 2,500,000
Non-cash interest expense 7,067 160,315
Changes in operating assets and liabilities:    
Prepaid expenses, deposits and other assets 50,918 6,652
Accounts payable, accrued expenses and other liabilities 410,014 530,785
Net cash used in operating activities (9,354,075) (2,919,334)
Cash flows provided by investing activities:    
Purchases of property and equipment (2,331) (13,644)
Maturities of certificates of deposit 2,500,000
Cash received in reverse merger transaction 8,500,602
Net cash provided by investing activities 8,498,271 2,486,356
Cash flows provided by financing activities:    
Proceeds from the issuance of convertible debt 1,880,000
Net cash provided by financing activities 1,880,000
Net increase (decrease) in cash and cash equivalents 1,024,196 (432,978)
Cash and cash equivalents at beginning of period 1,997,192 2,336,519
Cash and cash equivalents at end of period 3,021,388 1,903,541
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of convertible notes and related accrued interest into common stock 711,495 47,742
Consideration in connection with RestorGenex Corporation merger transaction $ 21,261,000 $ 0