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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue:    
Option Revenue $ 2,556,329 $ 1,271,895
Research and development 10,039,496 12,118,629
General and administrative 4,258,147 3,833,370
Depreciation and amortization 351,403 387,779
Loss on disposal of fixed assets 1,167 0
Operating loss (12,093,884) (15,067,883)
Interest income, net 5,911 13,473
Other income and expense, net 68,695 2,147
Net loss $ (12,019,278) $ (15,052,263)
Basic and diluted loss per share $ (2.05) $ (4.33)
Weighted average shares outstanding 5,854,438 3,477,628