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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Licensing revenue $ 500,000 $ 500,000
Operating expenses:    
Research and development 13,078,710 14,623,068
General and administrative 5,889,722 6,526,752
Total operating expenses 18,968,432 21,149,820
Loss from operations (18,468,432) (20,649,820)
Other income (expense):    
Gain from change in earn-out milestone liability 649,701 733,186
Impairment of in-process research and development (2,520,000) (1,444,023)
Investment income, net 26,041 26,922
Interest expense (91,756) (722,993)
Other income (expense) 2,270 3,002
Total other expense (1,933,744) (1,403,906)
Net loss (20,402,176) (22,053,726)
Deemed dividend related to warrant modification (345,685)
Net loss attributable to common shareholders $ (20,747,861) $ (22,053,726)
Net loss attributable to common shareholders per common share – basic and diluted (in dollars per share) $ (2.72) $ (11.89)
Weighted average common shares outstanding – basic and diluted (in shares) 7,627,210 1,854,054