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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 55,913,199 $ 22,261,372
Short-term investments 0 35,035,420
Receivables 224,702 4,621,605
Prepaid expenses and other current assets 1,337,068 2,373,708
Total current assets 57,474,969 64,292,105
Equipment and furnishings, net 1,990,334 1,467,681
Goodwill 183,780 183,780
Other assets 685,385 1,080,872
Total assets 60,334,468 67,024,438
Current liabilities:    
Accounts payable 7,293,498 8,058,624
Accrued expenses and other current liabilities 5,395,495 9,693,359
Non-cash litigation settlement due in shares of common stock 700,000 4,500,000
Warrant liability 0 693,457
Term loan, net - current 1,716,265 0
Total current liabilities 15,105,258 22,945,440
Long term loan, net: 21,870,212 0
Total liabilities 36,975,470 22,945,440
Commitments and contingencies
Stockholders' equity:    
Preferred Stock, $0.01 par value, 5,000,000 shares authorized, including 25,000 shares of Series A Junior Participating Preferred Stock; no shares issued and outstanding 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized; 68,371,643 shares issued and outstanding at June 30, 2016; 66,480,065 shares issued and outstanding at December 31, 2015 68,371 66,480
Additional paid-in capital 419,308,736 409,107,292
Accumulated deficit (396,018,109) (365,094,774)
Total stockholders' equity 23,358,998 44,078,998
Total liabilities and stockholders' equity $ 60,334,468 $ 67,024,438