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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
INCOME    
Collaboration income $ 1,367,186 $ 3,190,106
Grant income 1,115,430 808,512
Other income 183,724 0
TOTAL INCOME 2,666,340 3,998,618
OPERATING EXPENSES    
Research and development 10,766,095 16,042,082
General and administrative 4,762,642 4,933,054
TOTAL OPERATING EXPENSES 15,528,737 20,975,136
LOSS FROM OPERATIONS (12,862,397) (16,976,518)
OTHER INCOME (EXPENSE)    
Investment income 38,494 14,407
Interest expense (398,807) (344,665)
Forgiveness of loan payable 15,654,133 0
Impairment of in-process research and development 0 (1,500,000)
TOTAL OTHER INCOME (EXPENSE) 15,293,820 (1,830,258)
NET INCOME (LOSS) 2,431,423 (18,806,776)
OTHER COMPREHENSIVE INCOME (LOSS)    
Net unrealized gain (loss) on marketable securities 8,096 (5,861)
COMPREHENSIVE INCOME (LOSS) $ 2,439,519 $ (18,812,637)
Net income (loss) per share - basic (in dollars per share) $ 0.10 $ (1.01)
Weighted average number of shares - basic (in shares) 23,193,278 18,551,013
Net income (loss) per share - diluted (in dollars per share) $ 0.09 $ (1.01)
Weighted average number of shares - diluted (in shares) 26,788,076 18,551,013