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Condensed Statements of Cash Flows (USD $)
3 Months Ended 86 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Operating activities      
Net loss $ (2,955,484) $ (493,992) $ (25,646,952)
Adjustments to reconcile net loss to net cash used in operating activities      
Stock-based compensation expense 223,310 3,126 458,987
Non-cash interest 5,816 5,815 135,143
Change in fair value of purchase right liability     188,587
Change in fair value of warrant liability   124,000 54,264
Deferred rent expense 8,688   15,518
Changes in operating assets and liabilities:      
Prepaid expenses 58,015 (10,500) (176,247)
Other assets     (555,505)
Accounts payable and accrued expenses 659,038 (74,944) 1,501,352
Net cash used in operating activities (2,000,617) (446,495) (24,024,853)
Financing activities      
Proceeds from convertible promissory note     250,000
Proceeds from bank line of credit and loan advances   2,000,000 5,500,000
Payments on bank line of credit (360,576)   (2,860,576)
Proceeds from issuance of common stock, net     25,125,528
Proceeds from issuance of preferred stock and purchase rights, net     17,744,041
Proceeds from exercise of stock options     101,358
Net cash provided by (used in) financing activities (360,576) 2,000,000 45,860,351
Net increase (decrease) in cash and cash equivalents (2,361,193) 1,553,505 21,835,498
Cash and cash equivalents at beginning of the period 24,196,691 116,013  
Cash and cash equivalents at end of the period 21,835,498 1,669,518 21,835,498
Supplemental disclosures of cash flow information      
Interest paid 32,495 25,750 261,246
Supplemental disclosures of non-cash financing information      
Conversion of convertible promissory note and accrued interest to Series A Convertible Preferred Stock     292,538
Issuance of Series A Convertible Preferred Stock warrants   49,000 108,486
Conversion of Series A Convertible Preferred Stock to Common Stock at the initial public offering     $ 18,225,166