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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 12,556,280 $ 9,007,071
Prepaid expenses 587,932 267,711
Other current assets   7,997
Total current assets 13,144,212 9,282,779
Other assets 11,551 11,551
Total assets 13,155,763 9,294,330
Current Liabilities:    
Accounts payable and accrued expenses 1,121,519 478,223
Accrued compensation 757,492 933,450
Total current liabilities 1,879,011 1,411,673
Warrant liability 4,506,763 4,095,019
Total liabilities 6,385,774 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 June 30, 2017 and December 31, 2016, respectively 1,539 1,235
Additional paid-in capital 72,255,601 62,595,546
Accumulated deficit (65,487,151) (58,809,143)
Total stockholders' equity 6,769,989 3,787,638
Total liabilities and stockholders' equity $ 13,155,763 $ 9,294,330