XML 70 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Effective Federal Income Tax Rate Reconciliation [Abstract]      
Federal statutory rate 34.00% 34.00% 34.00%
State taxes 1.16% 2.89% 0.81%
Permanent differences (10.62%) (5.84%) (6.58%)
Research and development 15.99% 14.31% 3.81%
State taxes/ sale of NOL 4.54% 3.79% 6.25%
Valuation allowance (40.53%) (45.77%) (32.04%)
Other 0.00% 0.41% 0.00%
Effective tax rate 4.54% 3.79% 6.25%
Deferred Tax Assets [Abstract]      
Federal net operating losses $ 23,644,647 $ 14,763,641  
State net operating losses 1,554,730 1,144,762  
Stock options 1,419,494 669,012  
Amortization 69,529 76,222  
Accrued expense 2,731 13,735  
Other 18,042 15,431  
Total gross deferred tax assets 39,772,295 21,674,207  
Less valuation allowance (39,772,295) (21,674,207)  
Net deferred tax assets 0 0  
Income Tax Uncertainties [Abstract]      
Uncertain tax positions 0    
Federal [Member]      
Tax Carryforwards [Abstract]      
Net operating loss carryforwards $ 69,500,000    
Income Tax Uncertainties [Abstract]      
Tax year under examination 2015    
Unrecognized tax benefits $ 0    
Accrued interest and penalties $ 0    
Federal [Member] | Minimum [Member]      
Tax Carryforwards [Abstract]      
Expiration date of net operating loss carryforwards Dec. 31, 2029    
Federal [Member] | Maximum [Member]      
Tax Carryforwards [Abstract]      
Expiration date of net operating loss carryforwards Dec. 31, 2036    
New Jersey [Member]      
Tax Carryforwards [Abstract]      
Net operating loss carryforwards $ 26,200,000    
NOL's sold 19,196,765    
Proceeds from sale of NOL's and R&D tax credits $ 1,845,956    
New Jersey [Member] | Minimum [Member]      
Tax Carryforwards [Abstract]      
Expiration date of net operating loss carryforwards Dec. 31, 2030    
New Jersey [Member] | Maximum [Member]      
Tax Carryforwards [Abstract]      
Expiration date of net operating loss carryforwards Dec. 31, 2035    
Research and Development Credit [Member] | Federal [Member]      
Tax Carryforwards [Abstract]      
Tax credit carryforwards $ 1,300,000    
Research and Development Credit [Member] | New Jersey [Member]      
Tax Carryforwards [Abstract]      
Tax credit carryforwards 600,000    
Tax credit carryforwards sold 257,222    
Orphan Drug Credit [Member] | Federal [Member]      
Tax Carryforwards [Abstract]      
Tax credit carryforwards 11,400,000    
Federal [Member]      
Deferred Tax Assets [Abstract]      
Tax credits 12,709,438 4,832,146  
State [Member]      
Deferred Tax Assets [Abstract]      
Tax credits $ 353,684 $ 159,258