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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Royalties $ 42,633 $ 36,852 $ 110,337 $ 98,873
Services 0 1,496 0 1,496
Total revenues 42,633 38,348 110,337 100,369
Costs and expenses:        
Research and development 2,475,722 2,830,340 5,181,413 5,478,939
Selling, general and administrative 1,669,227 1,427,967 3,155,246 2,803,152
Total operating expenses 4,144,949 4,258,307 8,336,659 8,282,091
Loss from operations (4,102,316) (4,219,959) (8,226,322) (8,181,722)
Interest income 15,671 69,761 51,494 134,504
Gain (loss) from change in fair value of derivative financial instruments—warrants (44,144) 23,789 (42,037) 14,028
Other income (expense), net 6,257 1,106 3,771 3,116
Net loss (4,124,532) (4,125,303) (8,213,094) (8,030,074)
Preferred stock dividend payable on Series A Convertible Preferred Stock (6,060) (6,060) (12,120) (12,120)
Net loss attributable to common stockholders $ (7,397,076) $ (4,131,363) $ (11,491,698) $ (8,310,463)
Net loss per common share - basic and diluted (in dollars per share) $ (0.51) $ (0.76) $ (0.94) $ (1.75)
Weighted-average shares outstanding - basic and diluted (in shares) 14,492,159 5,408,124 12,201,232 4,750,993
Series C Convertible Preferred Stock        
Costs and expenses:        
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance $ 0 $ 0 $ 0 $ (268,269)
Series D Convertible Preferred Stock        
Costs and expenses:        
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance (601,767) 0 (601,767) 0
Series E Convertible Preferred Stock        
Costs and expenses:        
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance $ (2,664,717) $ 0 $ (2,664,717) $ 0