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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating expenses:        
Research and development $ 1,179,544 $ 1,444,906 $ 2,187,115 $ 3,797,713
General and administrative 1,795,886 2,349,227 3,349,025 6,211,711
Depreciation 5,790 5,845 12,393 13,698
Loss from operations 2,981,220 3,799,978 5,548,533 10,023,122
Other expense (income):        
Interest expense, net 18,889 6,216 74,608 6,237
Change in fair value of warrant liability (Note 10) (23,387,850) (10,468,176)
Warrant related expenses (Note 7) 10,225,846
Other financing expenses 2,870,226
Net income (loss) $ 20,387,741 $ (3,806,194) $ (8,251,037) $ (10,029,359)
Per share information:        
Net income (loss) per share of common stock, basic (in dollars per share) $ 0.88 $ (0.37) $ (0.83) $ (0.99)
Net income (loss) per share of common stock, diluted (in dollars per share) $ (1) $ (0.37) $ (1.56) $ (0.99)
Weighted average shares outstanding, basic (in shares) 10,828,063 10,263,703 10,582,521 10,130,042
Weighted average shares outstanding, diluted (in shares) 13,872,632 10,263,703 12,339,386 10,130,042