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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 58,875,925 $ 22,261,372
Short-term investments 0 35,035,420
Receivables 108,345 4,621,605
Prepaid expenses and other current assets 2,618,919 2,373,708
Total current assets 61,603,189 64,292,105
Equipment and furnishings, net 2,066,392 1,467,681
Goodwill 183,780 183,780
Other assets 54,648 1,080,872
Total assets 63,908,009 67,024,438
Current liabilities:    
Accounts payable 4,815,597 8,058,624
Accrued expenses and other current liabilities 5,049,006 9,693,359
Litigation settlement due in shares of common stock 0 4,500,000
Warrant liability 6,686,381 693,457
Term loan, net - current 3,562,578 0
Total current liabilities 20,113,562 22,945,440
Long term loan, net 20,197,992 0
Total liabilities 40,311,554 22,945,440
Commitments and contingencies
Stockholders' equity:    
Preferred Stock, $0.01 par value, 5,000,000 shares authorized, including 25,000 shares of Series A Junior Participating Preferred Stock; no shares issued and outstanding 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized; 96,943,072 shares issued and outstanding at September 30, 2016; 66,480,065 shares issued and outstanding at December 31, 2015 96,942 66,480
Additional paid-in capital 431,693,072 409,107,292
Accumulated deficit (408,193,559) (365,094,774)
Total stockholders' equity 23,596,455 44,078,998
Total liabilities and stockholders' equity $ 63,908,009 $ 67,024,438