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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
License revenue $ 0 $ 0 $ 100,000 $ 0
Expenses:        
Research and development 8,927,037 8,470,592 29,531,609 31,043,741
General and administrative 2,771,732 2,188,656 12,859,069 9,510,657
Total expenses 11,698,769 10,659,248 42,390,678 40,554,398
Loss before other income (loss) (11,698,769) (10,659,248) (42,290,678) (40,554,398)
Other income (loss):        
Interest income 68,635 68,678 195,809 171,707
Interest expense (781,038) 0 (1,939,186) 0
Other income (loss), net (10,489) 2,040 (4,398) 17,948
Gain on warrant derivative liability 246,211 3,515,178 939,668 4,079,748
Net loss $ (12,175,450) $ (7,073,352) $ (43,098,785) $ (36,284,995)
Basic and diluted net loss per share (in dollars per share) $ (0.13) $ (0.11) $ (0.57) $ (0.62)
Basic and diluted weighted-average shares outstanding (in shares) 91,042,450 63,848,208 75,001,770 58,462,214