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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock - based compensation awards granted

 

   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2016     2015     2016     2015  
Formation and operating   $ 292,085     $     $ 447,232     $  
Research and development     30,900             52,396        
Total stock-based compensation   $ 322,985     $     $ 499,628     $  
 
Schedule of information about options
 
    Weighted     
  Number  Average  Aggregate 
  Stock  Exercise  Intrinsic 
  Options  Price  Value 
Outstanding at December 31, 2014    $     
Granted  1,588,313  $5.00     
Exercised    $     
Forfeited    $     
Outstanding at September 30, 2016  1,588,313  $5.00  $14,294,817 
Vested and exercisable at September 30, 2016  220,599  $5.00  $1,985,391 
Vested or expected to vest at September 30, 2016  1,588,313  $5.00     
Employees and members of the board of directors  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of fair values of stock options granted using Black-Scholes valuation model assumptions

 

  Nine Months Ended
September 30,
 
  2016  2015 
Risk-free interest rate  1.40%  %
Expected term of options (in years)  5.8    
Expected stock price volatility  50%  %
Expected dividend yield  0%  %
 
Non-employees  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of fair values of stock options granted using Black-Scholes valuation model assumptions
 
  Nine Months Ended 
  September 30, 
  2016  2015 
Risk-free interest rate  1.49% - 1.55%  —% 
Expected term of options (in years)  9.8 - 9.6   —% 
Expected stock price volatility  60%  —% 
Expected dividend yield  0%  —%