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BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 56,959,485 $ 22,261,372
Short-term investments 0 35,035,420
Receivables 183,703 4,593,475
Interest receivable 0 28,130
Prepaid expenses and other current assets 3,434,238 2,373,708
Total current assets 60,577,426 64,292,105
Equipment and furnishings, net 1,959,667 1,467,681
Goodwill 183,780 183,780
Other assets 48,911 1,080,872
Total assets 62,769,784 67,024,438
Current liabilities:    
Accounts payable 6,406,445 8,058,624
Accrued expenses and other current liabilities 3,830,498 9,693,359
Non-cash litigation settlement due in shares of common stock 0 4,500,000
Term loan, net - current 5,481,656 0
Warrant liabilities 3,789,391 693,457
Total current liabilities 19,507,990 22,945,440
Long term loan, net 18,484,510 0
Total liabilities 37,992,500 22,945,440
Commitment and contingencies
Stockholders' equity:    
Common stock, $.001 par value, 250,000,000 shares authorized; 111,322,895 and 66,480,065 shares issued and outstanding at December 31, 2016 and 2015, respectively 111,321 66,480
Additional paid-in capital 437,423,958 409,107,292
Accumulated deficit (415,865,995) (365,094,774)
Total stockholders' equity 24,777,284 44,078,998
Total liabilities and stockholders' equity 62,769,784 67,024,438
Series A Junior Participating Preferred Stock [Member]    
Stockholders' equity:    
Preferred Stock 0 0
Series B Convertible Preferred Shares [Member]    
Stockholders' equity:    
Preferred Stock $ 3,108,000 $ 0