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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Licensing revenue $ 125,000 $ 125,000 $ 250,000 $ 250,000
Operating expenses:        
Research and development 3,165,473 2,022,576 6,058,641 5,225,753
General and administrative 2,305,208 1,950,720 4,739,065 3,639,449
Acquisition costs 1,067,267   1,067,267  
Total operating expenses 6,537,948 3,973,296 11,864,973 8,865,202
Loss from operations (6,412,948) (3,848,296) (11,614,973) (8,615,202)
Other (expense) income:        
(Loss) gain from change in valuation of common stock warrant liability (18,613) 4,380,120 (15,587) 8,660,417
Investment income, net 23,734 67,132 30,753 83,695
Interest expense (263,115) (176,211) (493,828) (357,139)
Other expense (2,488) (1,861) (2,488) (1,861)
Total other (expense) income, net (260,482) 4,269,180 (481,150) 8,385,112
Net income (loss) (6,673,430) 420,884 (12,096,123) (230,090)
Non-cash deemed dividend from beneficial conversion feature on convertible preferred stock       (4,601,410)
Net (loss) income attributable to common shareholders $ (6,673,430) $ 420,884 $ (12,096,123) $ (4,831,500)
Net income (loss) attributable to common shareholders per common share        
Basic and diluted (in Dollars per share) $ (0.38) $ 0.03 $ (0.71) $ (0.45)
Weighted average shares outstanding        
Basic (in Shares) 17,526,531 12,087,004 16,931,914 10,807,003
Diluted (in Shares) 17,526,531 13,617,726 16,931,914 10,807,003