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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
License revenue $ 100,000 $ 0 $ 100,000 $ 0
Expenses:        
Research and development 12,452,340 10,008,304 20,604,559 22,573,181
General and administrative 6,128,904 4,191,769 10,087,340 7,322,001
Total expenses 18,581,244 14,200,073 30,691,899 29,895,182
Loss before other income (loss) (18,481,244) (14,200,073) (30,591,899) (29,895,182)
Other income (loss):        
Interest income 65,436 46,455 127,174 103,029
Interest expense (741,346) 0 (1,158,148) 0
Other income (loss), net (798) 30,660 6,081 15,940
Gain on warrant derivative liability 877,729 2,435,865 693,457 564,570
Net loss $ (18,280,223) $ (11,687,093) $ (30,923,335) $ (29,211,643)
Basic and diluted loss per share (in dollars per share) $ (0.27) $ (0.21) $ (0.46) $ (0.52)
Basic and diluted weighted-average shares outstanding (in shares) 67,398,837 55,726,432 66,893,846 55,724,581