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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
License revenue $ 0 $ 0
Expenses:    
Research and development 6,772,582 8,151,305
General and administrative 2,979,057 3,958,434
Total expenses 9,751,639 12,109,739
Loss before other income (expense) (9,751,639) (12,109,739)
Other:    
Interest income 60,543 61,738
Interest expense (1,322,715) (416,803)
Other income, net 1,826 5,964
Loss on warrant derivative liabilities (32,119) (184,272)
Net loss $ (11,044,104) $ (12,643,112)
Basic and diluted net loss per share (in dollars per share) $ (0.10) $ (0.19)
Basic and diluted weighted-average shares outstanding (in shares) 113,577,313 66,488,855