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Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 20,963,541 $ 20,023,337
Marketable securities 17,974,600 22,923,462
Prepaid expenses and other current assets 1,666,898 1,018,967
Total current assets 40,605,039 43,965,766
Deferred offering costs   165,930
Fixed assets, net 170,862 43,262
Total assets 40,775,901 44,174,958
Current liabilities:    
Accounts payable 1,618,889 1,000,963
Accrued expenses 1,815,428 2,236,465
Current portion of credit facility 232,639 116,319
Total current liabilities 3,666,956 3,353,747
Credit facility, net of current portion and debt discount 1,107,741 1,220,192
Total liabilities 4,774,697 4,573,939
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding
Common stock, voting, $0.001 par value; 150,000,000 authorized and 19,664,921 and 19,137,639 shares issued and outstanding, respectively 19,665 19,138
Additional paid-in capital 144,036,909 139,241,635
Accumulated other comprehensive loss (16,385) (17,831)
Accumulated deficit (108,038,985) (99,641,923)
Total stockholders' equity 36,001,204 39,601,019
Total liabilities and stockholders' equity $ 40,775,901 $ 44,174,958