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Condensed Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating expenses:    
Research and development $ 4,698,462 $ 3,883,613
General and administrative 2,576,127 2,081,309
Total operating expenses 7,274,589 5,964,922
Other income (expense):    
Interest income 26,978 11,419
Interest expense (17,500) (17,500)
Other expense (6,773) (8,661)
Total other income (expense) 2,705 (14,742)
Net loss (7,271,884) (5,979,664)
Other comprehensive income (loss):    
Net unrealized gains on marketable securities 9,643 10,758
Comprehensive loss $ (7,262,241) $ (5,968,906)
Net loss per share, basic and diluted $ (0.35) $ (0.38)
Weighted average shares outstanding used in computing net loss per share, basic and diluted 20,626,044 15,581,886