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Condensed Consolidated Statements of Cash Flows (Unaudied) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (4,142,577) $ (11,335,836) $ (6,016,959)
Adjustments to reconcile net loss to net cash used in operating activities      
Compensation cost for stock options granted   5,594,629 394,189
Disposal of assets   5,806
Depreciation and amortization   27,549 17,838
Change in fair value of stock-based compensation liability   1,741,919 1,557,163
Changes in operating assets and liabilities:      
Prepaid expenses   (303,335) (189,445)
Research and development tax rebate receivable   111,792 (267,734)
Other assets   30,802 56,644
Accounts payable   (35,062) (143,684)
Payroll liabilities   (345,625) 167,790
Accrued expenses   (123,589) 196,608
Other current liabilities   (20,101) 7,797
Net cash used in operating activities   (4,651,051) (4,219,793)
CASH FLOWS FROM INVESTING ACTIVITY      
Purchase of furniture and equipment   (7,625) (51,491)
Net cash used in investing activities   (7,625) (51,491)
CASH FLOWS FROM FINANCING ACTIVITY      
Proceeds from issuance of Series B convertible preferred stock and warrants, net of issuance costs   12,290,551
Proceeds from exercise of warrants   11,336,710
Net cash provided by financing activities   11,336,710 12,290,551
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   6,678,034 8,019,267
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE   10,490,493 7,272,469
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 15,291,736 17,168,527 15,291,736
SUPPLEMENTAL DISCLOSURES      
Cash and cash equivalents 15,236,736 17,058,527 15,236,736
Restricted cash 55,000 110,000 55,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE 15,291,736 17,168,527 15,291,736
NONCASH INVESTING AND FINANCING ACTIVITIES      
Reclassification of stock-based liability awards to equity upon cancellation   3,151,944
Amortization of commitment shares $ 19,851 $ 39,703