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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
STATEMENTS OF OPERATIONS        
Revenue   $ 15,390 $ 7,250 $ 30,218
Operating expenses:        
Research and development $ 4,807,177 1,010,989 7,376,167 1,864,693
General and administrative 1,476,357 631,474 3,156,487 1,285,247
Total operating expenses 6,283,534 1,642,463 10,532,654 3,149,940
Loss from operations (6,283,534) (1,627,073) (10,525,404) (3,119,722)
Other income (expense):        
Interest income 18,118 697 30,496 1,377
Foreign exchange loss (20,250)   (43,398)  
Total other income (expense) (2,132) 697 (12,902) 1,377
Loss before income taxes (6,285,666) (1,626,376) (10,538,306) (3,118,345)
Income tax benefit (56,277)   (27,543)  
Net loss $ (6,229,389) $ (1,626,376) $ (10,510,763) $ (3,118,345)
Per share information:        
Net loss per share basic and diluted $ (0.70) $ (1.12) $ (1.19) $ (2.15)
Basic and diluted weighted average shares outstanding 8,860,592 1,449,865 8,842,271 1,449,865