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Fair Value of Financial Instruments (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Fair Value of Financial Instruments [Abstract]      
Cash and cash equivalents $ 106,398,919 $ 130,189,421  
Fair Value Transfers Between Levels [Abstract]      
Transfers from Level 1 to Level 2, assets 0 0  
Transfers from Level 2 to Level 1, assets 0 0  
Transfers into Level 3, assets 0 0  
Transfers out of Level 3, assets 0 0  
Significant Unobservable Input Reconciliation [Roll Forward]      
Change in fair value 0 1,879,823 $ (582,360)
Warrant Liability [Member]      
Significant Unobservable Input Reconciliation [Roll Forward]      
Fair value, beginning balance 0 1,671,106  
Fair value of warrants issued   175,114  
Change in fair value   1,879,823  
Reclassification to additional paid in capital at IPO   (3,726,043)  
Fair value, ending balance 0 0 $ 1,671,106
Quoted Prices in Active Markets (Level 1) [Member]      
Fair Value of Financial Instruments [Abstract]      
Cash and cash equivalents 106,398,919 130,189,421  
Quoted Prices in Inactive Markets (Level 2) [Member]      
Fair Value of Financial Instruments [Abstract]      
Cash and cash equivalents 0 0  
Significant Unobservable Inputs (Level 3) [Member]      
Fair Value of Financial Instruments [Abstract]      
Cash and cash equivalents $ 0 $ 0