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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (26,387,858) $ (6,844,863)
Adjustments to reconcile net loss to net cash used in operating activities:    
PIK interest expense on convertible promissory notes payable - related parties 1,206,853 3,602,653
Stock-based compensation expense 7,929,174  
Other share based compensation 750,000  
Depreciation and amortization 156  
Changes in operating assets and liabilities:    
Accounts receivable - related parties 7,332 38,823
Prepaid expenses and other current assets 1,290,470 (50,000)
Accounts payable (128,058) 87,083
Accrued expense (2,281,366) 15,203
Accrued interest - related party 5,677 9,278
Net cash used in operating activities (17,607,620) (3,141,823)
Cash flows from investing activities:    
Cash received from merger transaction 5,849,278  
Purchases of marketable securities (10,696,781)  
Sales and maturities of marketable securities 26,062,846  
Purchases of property and equipment (3,080)  
Net proceeds from the sale of property, equipment and other assets 697,509  
Release of restricted cash 82,500  
Net cash provided by investing activities 21,992,272  
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 5,953,832 6
Proceeds from convertible notes - related parties 8,500,250 2,800,000
Proceeds from advances-related party   500,000
Net cash provided by financing activities 14,454,082 3,300,006
Net increase in cash and cash equivalents 18,838,734 158,183
Cash and cash equivalents at beginning of period 306,249 148,066
Cash and cash equivalents at end of period 19,144,983 $ 306,249
Supplemental disclosure of non-cash financing activities:    
Exchange of related party advances payable for convertible notes 500,000  
Related party debt restructuring $ 13,680,000