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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 21,640,068 $ 27,092,928
Prepaid expenses and other 441,818 355,891
Total current assets 22,081,886 27,448,819
Property and equipment, net 566,020 229,591
Other assets 68,244 34,485
Total assets 22,716,150 27,712,895
Current liabilities:    
Accounts payable 1,203,965 1,064,626
Accrued liabilities 302,644 250,950
Note payable, net of discount 1,496,885 0
Total current liabilities 3,003,494 1,315,576
Note payable, net of discount 0 1,491,278
Contingent rights derivative liability 4,134,931 4,122,266
Total liabilities 7,138,425 6,929,120
Commitments and contingencies
Stockholders' equity:    
Convertible preferred stock, $1.00 par value; 5,000,000 shares authorized and 0 shares issued and outstanding at September 30, 2017 and December 31, 2016 0 0
Common stock, $.01 par value: 170,000,000 shares authorized; 60,276,119 shares issued at September 30, 2017 and December 31, 2016 602,760 602,760
Additional paid-in capital 470,663,323 470,147,086
Treasury stock, at cost: 79,545 shares held (8,034,244) (8,034,244)
Accumulated deficit (447,654,114) (441,931,827)
Total stockholders' equity 15,577,725 20,783,775
Total liabilities and stockholders' equity $ 22,716,150 $ 27,712,895