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Unaudited Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES:        
Total revenues $ 216,530 $ 62,259 $ 465,446 $ 438,210
OPERATING EXPENSES:        
Research and development 1,219,144 958,255 3,032,426 1,712,890
General and administrative 1,800,159 3,021,290 5,870,745 8,263,019
TOTAL OPERATING EXPENSES 3,019,303 3,979,545 8,903,171 9,975,909
OPERATING LOSS (2,802,773) (3,917,286) (8,437,725) (9,537,699)
OTHER INCOME (EXPENSE)        
Interest income 77,276 33,600 219,374 48,082
Interest and other expense (290,773) (168,272) (849,457) (891,835)
Change in fair value of warrant liability (408,803) 252,458 7,017,923 1,998,878
TOTAL OTHER INCOME (EXPENSE) (622,300) 117,786 6,387,840 1,155,125
LOSS BEFORE INCOME TAX BENEFIT (3,425,073) (3,799,500) (2,049,885) (8,382,574)
Income tax benefit 920,000
NET LOSS $ (3,425,073) $ (3,799,500) $ (2,049,885) $ (7,462,574)
Net loss per common share - basic (in dollars per share) $ (0.39) $ (0.44) $ (0.23) $ (1.16)
Net loss per common share - diluted (in dollars per share) $ (0.39) $ (0.44) $ (0.23) $ (1.16)
Weighted average common shares outstanding - basic (in shares) 8,735,790 8,704,985 8,730,303 6,447,053
Weighted average common shares outstanding - diluted (in shares) 8,735,790 8,704,985 8,730,303 6,447,053
Grant [Member]        
REVENUES:        
Total revenues $ 216,530 $ 62,259 $ 465,446 $ 438,210