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Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net loss $ (6,678,008) $ (6,195,907)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 929,029 846,042
Non-cash interest   20,724
Change in fair value of warrant liability 1,810,835  
Change in operating assets and liabilities:    
Prepaid expenses and other assets (312,224) 333,952
Accounts payable and accrued expenses 467,338 75,062
Net cash used in operating activities (3,783,030) (4,920,127)
Financing activities    
Proceeds from issuance of common stock, net 7,332,239 358,023
Net cash provided by financing activities 7,332,239 358,023
Net increase (decrease) in cash and cash equivalents 3,549,209 (4,562,104)
Cash and cash equivalents at beginning of period 9,007,071 8,691,155
Cash and cash equivalents at end of period $ 12,556,280 4,129,051
Supplemental disclosure of cash flow information    
Interest paid   $ 125,813