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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
License revenue $ 0 $ 100,000 $ 0 $ 100,000
Expenses:        
Research and development 6,167,074 12,452,340 12,934,058 20,604,559
General and administrative 3,137,008 6,128,904 6,116,063 10,087,340
Total expenses 9,304,082 18,581,244 19,050,121 30,691,899
Loss before other income (loss) (9,304,082) (18,481,244) (19,050,121) (30,591,899)
Other income (loss):        
Interest income 90,849 65,436 151,392 127,174
Interest expense (848,395) (741,346) (2,171,110) (1,158,148)
Other income (loss), net 7,276 (798) 3,504 6,081
Gain (loss) on warrant derivative liabilities (4,303,945) 877,729 (4,336,066) 693,457
Net loss $ (14,358,297) $ (18,280,223) $ (25,402,401) $ (30,923,335)
Basic and diluted net loss per share (in dollars per share) $ (0.10) $ (0.27) $ (0.20) $ (0.46)
Basic and diluted weighted-average shares outstanding (in shares) 139,070,329 67,398,837 126,394,244 66,893,846