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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Costs and Expenses:        
Research and development $ 2,122,898 $ 3,259,983 $ 4,383,602 $ 6,204,635
General and administrative 1,761,499 1,956,333 3,362,406 3,919,860
Loss from Operations (3,884,397) (5,216,316) (7,746,008) (10,124,495)
Other income (expense):        
Change in fair value of debt 31,948   31,948  
Interest expense (231,948)   (231,948)  
Change in fair value of derivative financial instruments and contingent consideration 55,322 7,266,276 690,445 4,555,829
(Loss) income before income taxes (4,029,075) 2,049,960 (7,255,563) (5,568,666)
Income tax benefit     536,000  
Net (loss) income $ (4,029,075) $ 2,049,960 $ (6,719,563) $ (5,568,666)
Weighted Average Common Shares Outstanding        
Basic and Diluted (in shares) 10,664,066 7,506,702 10,395,581 6,123,294
Net (Loss) Income per Common Share        
Basic and Diluted (in dollars per share) $ (0.38) $ 0.27 $ (0.65) $ (0.91)