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STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Expenses:        
Research and development $ 1,568,740 $ 1,008,469 $ 6,537,617 $ 3,020,884
General and administrative 868,301 313,421 1,827,658 869,207
Loss from operations (2,437,041) (1,321,890) (8,365,275) (3,890,091)
Change in fair value of warrant liability 794,342 91,583 1,191,514 91,583
Interest income 3,794 6,368 6,330 13,856
Interest expense (29,461)   (58,617) (90,577)
Net loss (1,668,366) (1,223,939) (7,226,048) (3,875,229)
Cumulative preferred stock dividends (372,345) (1,028,837) (2,545,334) (2,754,872)
Net loss applicable to common stockholders $ (2,040,711) $ (2,252,776) $ (9,771,382) $ (6,630,101)
Per share information:        
Net loss per share of common stock-basic and diluted (in dollars per share) $ (0.22) $ (4.58) $ (2.79) $ (13.50)
Basic and diluted weighted average shares outstanding (in shares) 9,449,355 492,319 3,499,808 490,972