Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes

Schedule of temporary differences that give rise to deferred tax assets and liabilities

	For the years ended December 31,
	2016			2015
Deferred Tax Liabilities
Stock Compensation	$	269,787		$	—
Property, Plant & Equipment		116			—
Unrealized Gains on Investments		12,739			—
Total Deferred Tax Liabilities	$	282,642		$	—
Deferred Tax Assets
Charitable Contributions	$	3,262		$	609
Stock Compensation		—			228
Intangibles		997,068			930,647
Property, Plant & Equipment		—			322
Net Operating Losses		12,749,167			7,324,215
Capitalized R&D		4,225,659			—
R&D Credit		846,034			456,496
Total deferred tax assets before valuation allowance		18,821,190			8,712,517
Valuation Allowance		(18,538,548	)		(8,712,517	)
Total deferred tax assets		282,642			—
Net deferred tax assets	$	—		$	—

Schedule of differences between the effective income tax rate and the US statutory rate

        Differences between the effective income tax rate and the US statutory rate were as follows (in thousands):

	For the years ended December 31,
	2016			2015
Tax benefit at U.S. federal statutory rate	$	(8,972	)	$	(2,344	)
Non-deductible interest expenses		410			749
Stock based compensation		407			—
Transaction Costs		256			—
Other Nondeductible Expenses		1			—
State income taxes benefit before valuation allowance, net of federal benefit		(1,491	)		(309	)
Increase in domestic valuation allowance		9,750			1,987
Research and development credit		(390	)		(83	)
Other adjustments		29			—
Income tax expense (benefit)	$	—		$	—