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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating expenses:        
Research and development $ 1,391,113 $ 1,179,544 $ 3,216,681 $ 2,187,115
General and administrative 1,660,630 1,795,886 3,158,469 3,349,025
Depreciation 26,709 5,790 54,727 12,393
Loss from operations 3,078,452 2,981,220 6,429,877 5,548,533
Other expense (income):        
Interest (income) expense, net (45,339) 18,889 (82,803) 74,608
Change in fair value of warrant liability (23,387,850) (10,468,176)
Warrant related expenses 10,225,846
Other financing expenses 2,870,226
(Loss) income before income tax benefit (3,033,113) 20,387,741 (6,347,074) (8,251,037)
Income tax benefit (267,932) (267,932)
Net (loss) income (2,765,181) 20,387,741 (6,079,142) (8,251,037)
Series A cumulative preferred dividends (487,460) (85,993) (546,305)
Deemed dividend related to the make-whole provision for the conversion of Series A convertible preferred stock into common stock (8,167,895)
Net (loss) income attributable to common stockholders $ (2,765,181) $ 19,900,281 $ (14,333,030) $ (8,797,342)
Per share information:        
Net (loss) income per share of common stock, basic (in dollars per share) $ (0.05) $ 0.88 $ (0.31) $ (0.83)
Net (loss) income per share of common stock, diluted (in dollars per share) $ (0.05) $ (1) $ (0.31) $ (1.56)
Weighted average shares outstanding, basic (in shares) 50,546,021 10,828,063 46,357,478 10,582,521
Weighted average shares outstanding, diluted (in shares) 50,546,021 13,872,632 46,357,478 12,339,386