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Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 39,404,313 $ 40,182,141
Prepaid expenses 1,260,699 803,775
Total current assets 40,665,012 40,985,916
Property and equipment, net of accumulated depreciation of $299,943 in 2015 and $285,643 in 2014 12,320,365 12,046,267
Prepaid expenses, long-term 1,751,051 1,677,434
Deferred financing costs, net 330,948 98,401
Other assets 18,208 18,208
Total assets 55,085,584 54,826,226
Current liabilities:    
Accounts payable 4,349,935 2,631,217
Accrued expenses 2,348,157 1,062,113
Loan payable, current portion   5,003,143
Warrant liability 251,247 296,048
Total current liabilities 6,949,339 8,992,521
Loan payable, long-term $ 15,390,295 $ 9,827,758
Commitments and contingencies
Stockholders' equity:    
Common stock, $.0001 par value, authorized 150,000,000 shares; 22,292,167 shares issued and outstanding as of September 30, 2015 and 18,634,872 shares issued and outstanding as of December 31, 2014 $ 2,230 $ 1,864
Additional paid-in capital 193,571,822 170,395,934
Accumulated deficit (160,828,102) (134,391,851)
Total stockholders' equity 32,745,950 36,005,947
Total liabilities and stockholders' equity $ 55,085,584 $ 54,826,226