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Consolidated Statements of Operations - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Dec. 31, 2015
Revenue:        
Option revenue $ 0 $ 726,291 $ 2,905,165 $ 2,556,329
Research and development 206,024 1,829,062 6,497,531 10,039,496
General and administrative 719,869 987,248 3,122,337 4,258,147
Depreciation and amortization 0 72,589 238,127 351,403
Impairment loss     1,036,467 0
Loss on disposal of fixed assets     2,320 1,167
Operating loss (925,893) (2,162,608) (7,991,617) (12,093,884)
Interest income (expense), net (846) 108 874 5,911
Other income (expense), net 467 2,106 10,629 68,695
Net loss $ (926,272) $ (2,160,394) $ (7,980,114) $ (12,019,278)
Basic and diluted loss per share $ (0.12) $ (0.31) $ (1.13) $ (2.05)
Weighted average shares outstanding - basic and diluted 7,597,769 6,982,909 7,048,661 5,854,438