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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (11,921,069) $ (9,221,188)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,404,926 1,298,279
Non-cash interest   120,889
Financing costs allocated to warrant liability   533,692
Change in fair value of warrant liability 3,354,973 198,945
Change in operating assets and liabilities:    
Prepaid expenses and other assets (59,020) 408,030
Accounts payable and accrued expenses 1,236,986 (676,745)
Net cash used in operating activities (5,983,204) (7,338,098)
Financing activities    
Payment of bank loan   (4,500,000)
Proceeds from issuance of common stock, net 7,389,101 358,023
Proceeds from issuance of common stock and warrants, net   13,168,802
Net cash provided by financing activities 7,389,101 9,026,825
Net increase in cash and cash equivalents 1,405,897 1,688,727
Cash and cash equivalents at beginning of period 9,007,071 8,691,155
Cash and cash equivalents at end of period $ 10,412,968 10,379,882
Supplemental disclosure of cash flow information    
Interest paid   169,813
Non-cash financing activities    
Fair value of warrants issued to placement agent   $ 369,863