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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 12,368,625 $ 15,644,355
Prepaid expenses 826,429 881,887
Total current assets 13,195,054 16,526,242
Property and equipment, net 66,512 62,984
Other assets:    
Goodwill 7,647,267 7,647,267
In-process research and development 118,600 118,600
Other non-current assets 16,148 13,648
Total assets 21,043,581 24,368,741
Current liabilities:    
Accounts payable 325,535 95,873
Accrued expenses 2,152,486 1,937,331
Total liabilities 2,478,021 2,033,204
Commitments
Stockholders’ equity:    
Preferred stock, no par value; authorized 10,000,000 shares; none issued and outstanding 0 0
Common stock, $0.01 par value; authorized 150,000,000 shares; 7,497,433 shares issued and outstanding at March 31, 2018 and December 31, 2017 74,974 74,974
Additional paid-in capital 48,025,842 47,812,215
Accumulated deficit (29,535,256) (25,551,652)
Total stockholders’ equity 18,565,560 22,335,537
Total liabilities, and stockholders’ equity $ 21,043,581 $ 24,368,741