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Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating expenses    
General and administrative $ 1,761,696 $ 1,618,139
Research and development 3,943,634 1,582,737
Total operating expenses 5,705,330 3,200,876
Net operating loss 5,705,330 3,200,876
Interest expense 0 1,823
Other income, net (343,668) (263,418)
Net loss 5,361,662 2,939,281
Unrealized gain on marketable securities (140,237) (177,939)
Total comprehensive loss $ 5,221,425 $ 2,761,342
Net loss per share, basic and diluted $ (0.19) $ (0.10)
Weighted average number of common shares outstanding, basic and diluted 28,119,747 28,119,410