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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
REVENUES $ 0 $ 0 $ 0 $ 0
OPERATING EXPENSES        
Research and development expenses 1,094,000 969,000 2,091,000 1,404,000
General and administrative expenses 943,000 455,000 2,070,000 977,000
Depreciation and amortization 116,000 62,000 227,000 75,000
TOTAL OPERATING EXPENSES 2,153,000 1,486,000 4,388,000 2,456,000
OPERATING LOSS (2,153,000) (1,486,000) (4,388,000) (2,456,000)
OTHER INCOME (EXPENSE)        
Interest and investment income 8,000 2,000 16,000 2,000
Interest expense 0 (2,099,000) 0 (2,808,000)
Fair value adjustments to warrant and derivative liabilities 0 252,000 0 (2,015,000)
Other income 0 1,164,000   1,164,000
TOTAL OTHER INCOME (EXPENSE) 8,000 (681,000) 16,000 (3,657,000)
LOSS BEFORE INCOME TAXES (2,145,000) (2,167,000) (4,372,000) (6,113,000)
Provision for income taxes 0 0 (1,000) (1,000)
NET LOSS $ (2,145,000) $ (2,167,000) $ (4,373,000) $ (6,114,000)
NET LOSS PER SHARE - BASIC AND DILUTED (in dollars per share) $ (0.31) $ (0.69) $ (0.63) $ (2.95)
Weighted average shares outstanding-basic and diluted (in shares) 7,160,890 3,136,955 7,119,569 2,074,380