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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 7,143,821 $ 8,772,567
Contracts and grants receivable 993,490 1,206,777
Prepaid expenses 137,487 134,431
Total current assets 8,274,798 10,113,775
Office furniture and equipment, net 23,122 26,702
Intangible assets, net 111,290 126,628
Total assets 8,409,210 10,267,105
Current liabilities:    
Accounts payable 1,346,610 1,708,091
Accrued expenses 1,073,348 806,118
Accrued compensation 172,889 355,648
Total current liabilities 2,592,847 2,869,857
Commitments and contingencies
Shareholders' equity:    
Preferred stock, 350,000 shares authorized; none issued or outstanding
Common stock, $.001 par value; 10,000,000 shares authorized at March 31, 2017 and December 31, 2016; respectively; 5,472,532 shares and 5,470,032 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 5,473 5,470
Additional paid-in capital 157,667,289 157,514,740
Accumulated deficit (151,856,399) (150,122,962)
Total shareholders' equity 5,816,363 7,397,248
Total liabilities and shareholders' equity $ 8,409,210 $ 10,267,105