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Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 88,067,647 $ 106,398,919
Prepaid expenses and other current assets 986,680 954,581
Total current assets 89,054,327 107,353,500
Property and equipment, net 3,423,880 3,418,077
Other assets 142,870 142,870
Total assets 92,621,077 110,914,447
Current liabilities:    
Accounts payable 4,369,133 3,471,032
Accrued expenses 5,422,205 3,213,715
Short term debt 3,075,421 0
Total current liabilities 12,866,759 6,684,747
Noncurrent liability:    
Long term debt 17,382,907 14,953,143
STOCKHOLDERS' EQUITY    
Preferred stock, 5,000,000 shares authorized at December 31, 2017 and 2016, zero outstanding 0 0
Common stock, $0.00033 par value, 75,000,000 shares authorized at December 31, 2017 and December 31, 2016, 30,869,205 shares and 28,918,516 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 10,400 9,756
Additional paid-in capital 214,309,370 190,341,769
Accumulated deficit (151,948,359) (101,074,968)
Total stockholders' equity 62,371,411 89,276,557
Total liabilities and stockholders' equity $ 92,621,077 $ 110,914,447