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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 14,654,998 $ 9,007,071
Prepaid expenses 171,524 267,711
Other current assets   7,997
Total current assets 14,826,522 9,282,779
Other assets 11,551 11,551
Total assets 14,838,073 9,294,330
Current Liabilities:    
Accounts payable and accrued expenses 549,039 478,223
Accrued compensation 586,772 933,450
Total current liabilities 1,135,811 1,411,673
Warrant liability 5,768,675 4,095,019
Total liabilities 6,904,486 5,506,692
Stockholders' equity:    
Common stock, $0.0001 par value; authorized shares - 50,000,000; issued and outstanding shares - 15,388,325 and 12,350,360 at March 31, 2017 and December 31, 2016, respectively 1,539 1,235
Additional paid-in capital 71,793,230 62,595,546
Accumulated deficit (63,861,182) (58,809,143)
Total stockholders' equity 7,933,587 3,787,638
Total liabilities and stockholders' equity $ 14,838,073 $ 9,294,330