Statements of Operations - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Operating expenses: | ||
| Research and development | $ 8,154,144 | $ 9,991,855 |
| General and administrative | 3,664,159 | 3,158,179 |
| Total operating expenses | 11,818,303 | 13,150,034 |
| Loss from operations | (11,818,303) | (13,150,034) |
| Other expense | (303,160) | (97,647) |
| Net loss | $ (12,121,463) | $ (13,247,681) |
| Net loss per common share, basic and diluted | $ (1.87) | $ (2.20) |
| Weighted-average shares used to compute basic and diluted net loss per share | 6,485,794 | 6,032,560 |