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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Licensing revenue $ 500,000 $ 500,000
Operating expenses:    
Research and development 14,623,068 14,659,941
General and administrative 6,526,752 6,686,852
Total operating expenses 21,149,820 21,346,793
Loss from operations (20,649,820) (20,846,793)
Other income (expense):    
Gain (loss) from valuation of earn-out milestone liability 733,186 (257,702)
Loss from valuation of common stock warrant liability (61,246)
Investment income, net 26,922 63,588
Interest expense (722,993) (1,357,182)
Other income (expense) 3,002 (1,749)
Total other expense (1,403,906) (1,614,291)
Net loss $ (22,053,726) $ (22,461,084)
Net loss per common share – basic and diluted (in dollars per share) $ (0.85) $ (1.03)
Weighted average common shares outstanding – basic and diluted (in shares) 25,956,751 21,813,228
In-Process Research and Development [Member]    
Other income (expense):    
Loss from impairment of in-process research and development $ (1,444,023)