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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net loss $ (3,615,207) $ (17,275,099)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 46,506 124,000
Stock-based compensation expense 433,522 1,419,933
Amortization and accretion on investments 0 11,537
Other non-cash items 0 22,274
Changes in operating assets and liabilities:    
Accounts receivable (18,339) (184)
Inventory 56,000 139,206
Prepaid expenses and other current assets (273,884) (93,909)
Accounts payable 462,986 (859,107)
Accrued expenses and other current liabilities (533,588) (1,127,164)
Deferred rent 0 (29,410)
Net cash used in operating activities (3,442,004) (17,667,923)
Investing activities    
Purchases of marketable securities 0 (1,997,751)
Proceeds from maturities and sales of marketable securities 0 16,117,184
Proceeds from sales of property and equipment 0 1,415
Net cash provided by investing activities 0 14,120,848
Financing activities    
Proceeds from exercise of common stock 0 118,010
Net cash provided by financing activities 0 118,010
Net decrease in cash, cash equivalents and restricted cash (3,442,004) (3,429,065)
Cash, cash equivalents and restricted cash at beginning of period 9,956,219 19,312,631
Cash, cash equivalents and restricted cash at end of period $ 6,514,215 $ 15,883,566