Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Schedule of Carrying Value of Investments

The following non-recurring fair value measurements were recorded during the years ended December 31, 2015 and 2014:

	Total Carrying Value		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
December 31, 2015
Investment	$	—	$	—	$	—	$	—
December 31, 2014
Investment	$	300,000	$	—	$	—	$	300,000

Schedule of Change in Level 3 Assets Measured at Fair Value on Non Recurring Basis

Change in Level 3 assets measured at fair value on a non-recurring basis for the year ended December 31, 2015:

Balance – January 1, 2014	$	2,134,672
Impairment of investment		(1,399,672	)
Impairment of deposit		(435,000	)
Balance – December 31, 2014		300,000
Impairment of investment		(300,000	)
Balance – December 31, 2015	$	—

Summary of Stock-Based Compensation Allocated to Research, Development, General and Administrative Expenses

Total stock-based compensation expense included in the consolidated statements of operations was allocated to research and development and general and administrative expenses as follows:

	December 31,
	2015		2014
Research and development	$	32,552	$	51,408
General and administrative		952,562		457,220
Total stock-based compensation	$	985,114	$	508,628