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Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 7,679,267 $ 9,007,071
Prepaid expenses 251,046 267,711
Other current assets   7,997
Total current assets 7,930,313 9,282,779
Other assets 11,551 11,551
Total assets 7,941,864 9,294,330
Current Liabilities:    
Accounts payable and accrued expenses 1,048,927 478,223
Accrued compensation 1,025,911 933,450
Total current liabilities 2,074,838 1,411,673
Warrant liability 3,701,277 4,095,019
Total liabilities 5,776,115 5,506,692
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value; authorized shares — 5,000,000 at December 31, 2017 and 2016; issued and outstanding shares — 0 at December 31, 2017 and 2016
Common stock, $0.0001 par value; authorized shares — 50,000,000 at December 31, 2017 and 2016; issued and outstanding shares — 15,413,610 and 12,350,360 at December 31, 2017 and 2016, respectively 1,541 1,235
Additional paid-in capital 73,202,863 62,595,546
Accumulated deficit (71,038,655) (58,809,143)
Total stockholders' equity 2,165,749 3,787,638
Total liabilities and stockholders' equity $ 7,941,864 $ 9,294,330