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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue:    
Option Revenue $ 2,905,165 $ 2,556,329
Research and development 6,497,531 10,039,496
General and administrative 3,122,337 4,258,147
Depreciation and amortization 238,127 351,403
Impairment loss 1,036,467 0
Loss on disposal of fixed assets 2,320 1,167
Operating loss (7,991,617) (12,093,884)
Interest income, net 874 5,911
Other income and expense, net 10,629 68,695
Net loss $ (7,980,114) $ (12,019,278)
Basic and diluted loss per share $ (1.13) $ (2.05)
Weighted average shares outstanding 7,048,661 5,854,438