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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 45,995,642 $ 56,959,485
Receivables 440,177 183,703
Prepaid expenses and other current assets 2,016,636 3,434,238
Total current assets 48,452,455 60,577,426
Equipment and furnishings, net 1,177,271 1,959,667
Goodwill 183,780 183,780
Other assets 35,869 48,911
Total assets 49,849,375 62,769,784
Current liabilities:    
Accounts payable 5,033,748 6,406,445
Accrued expenses and other current liabilities 2,897,266 3,830,498
Warrant liabilities 2,467,011 3,789,391
Term loan, net - current 11,052,705 5,481,656
Deferred revenues 6,924,353 0
Total current liabilities 28,375,083 19,507,990
Long term loan, net 0 18,484,510
Total liabilities 28,375,083 37,992,500
Commitments and contingencies
Stockholders' equity (2016 restated to reflect a 1-6 reverse stock split, see Note 1):    
Common stock, $0.001 par value, 41,666,667 shares authorized; 27,637,634 shares issued and outstanding at September 30, 2017; 18,553,816 shares issued and outstanding at December 31, 2016 27,638 18,554
Additional paid-in capital 467,839,469 440,106,725
Accumulated deficit (446,392,815) (415,865,995)
Total stockholders' equity 21,474,292 24,777,284
Total liabilities and stockholders' equity 49,849,375 62,769,784
Series A Junior Participating Preferred Stock [Member]    
Stockholders' equity (2016 restated to reflect a 1-6 reverse stock split, see Note 1):    
Preferred Stock 0 0
Series B Convertible Preferred Shares [Member]    
Stockholders' equity (2016 restated to reflect a 1-6 reverse stock split, see Note 1):    
Preferred Stock $ 0 $ 518,000