INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of components of income before taxes

For financial reporting purposes, income before taxes includes the following components:

	2018			2017			2016
United States		(132,617,160	)		(76,925,380	)		(89,875,459	)
Total		(132,617,160	)		(76,925,380	)		(89,875,459	)

Schedule of tax rate reconciliation

A reconciliation between taxes computed at the federal statutory rate and the consolidated effective tax rate is as follows:

	2018			2017			2016
Federal statutory tax rate		21.0	%		34.0	%		34.0	%
State tax rate, net of federal tax benefit		5.2	%		5.0	%		5.4	%
Adjustment in valuation allowances		(31.2	)%		22.6	%		(40.3	)%
Excess stock benefit		5.3	%		0.0	%		0.0	%
Federal income tax rate change		0.0	%		(60.8	)%		—	%
Permanent and other differences		(0.3	)%		(0.8	)%		0.9	%
Provision (benefit) for income taxes		—			—			—

Schedule of components of the net deferred income tax asset

The components of the net deferred income tax asset as of December 31, 2018, 2017, and 2016 are as follows:

	2018			2017			2016
Deferred Income Tax Assets:
Net operating losses	$	140,891,764		$	99,596,321		$	111,730,450
R&D Credit		186,347			186,347			186,347
Total deferred income tax asset		141,078,111			99,782,668			111,916,797
Valuation allowance		(141,078,111	)		(99,782,668	)		(111,916,797	)
Deferred income tax assets, net	$	—		$	—		$	—