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Condensed Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 21,835,498 $ 24,196,691
Prepaid expenses 176,247 234,262
Total current assets 22,011,745 24,430,953
Other assets 555,505 555,505
Total assets 22,567,250 24,986,458
Current Liabilities:    
Accounts payable and accrued expenses 1,115,853 284,915
Accrued compensation 385,499 557,399
Current portion of long-term debt 1,442,592 1,442,592
Total current liabilities 2,943,944 2,284,906
Deferred rent expense 15,518 6,830
Long-term debt, net of current portion 1,156,701 1,511,461
Total liabilities 4,116,163 3,803,197
Stockholders' equity:    
Common stock, $0.0001 par value; authorized shares - 50,000,000; issued and outstanding shares - 6,099,547 at March 31, 2014 and 6,096,752 at December 31, 2013 610 610
Additional paid-in capital 44,097,429 43,874,119
Deficit accumulated during the development stage (25,646,952) (22,691,468)
Total stockholders' equity 18,451,087 21,183,261
Total liabilities and stockholders' equity $ 22,567,250 $ 24,986,458