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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 48,003,315 $ 56,959,485
Receivables 102,129 183,703
Prepaid expenses and other current assets 2,650,682 3,434,238
Total current assets 50,756,126 60,577,426
Equipment and furnishings, net 1,903,904 1,959,667
Goodwill 183,780 183,780
Other assets 43,264 48,911
Total assets 52,887,074 62,769,784
Current liabilities:    
Accounts payable 6,542,281 6,406,445
Accrued expenses and other current liabilities 3,793,159 3,830,498
Warrant liabilities 3,821,510 3,789,391
Term loan, net - current 6,481,674 5,481,656
Total current liabilities 20,638,624 19,507,990
Long term loan, net 17,586,113 18,484,510
Total liabilities 38,224,737 37,992,500
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 250,000,000 shares authorized; 118,722,895 and 111,322,895 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 118,721 111,321
Additional paid-in capital 441,453,715 437,423,958
Accumulated deficit (426,910,099) (415,865,995)
Total stockholders' equity 14,662,337 24,777,284
Total liabilities and stockholders' equity 52,887,074 62,769,784
Series A Junior Participating Preferred Stock [Member]    
Stockholders' equity:    
Preferred Stock 0 0
Series B Convertible Preferred Shares [Member]    
Stockholders' equity:    
Preferred Stock $ 0 $ 3,108,000