Condensed Statements of Operations and Comprehensive Loss - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
|
| Operating expenses: | ||||
| Research and development | $ 3,073,344 | $ 1,243,221 | $ 4,271,659 | $ 7,601,225 |
| General and administrative | 3,049,711 | 2,132,850 | 6,164,206 | 7,103,463 |
| Total operating expenses | 6,123,055 | 3,376,071 | 10,435,865 | 14,704,688 |
| Loss from operations | (6,123,055) | (3,376,071) | (10,435,865) | (14,704,688) |
| Other income (expense): | ||||
| Interest income | 72,641 | 54,637 | 99,097 | 85,129 |
| Interest expense | (431,626) | (894,118) | (858,871) | (4,555,737) |
| Loss on extinguishment of convertible note payable | 0 | 0 | (1,049,166) | 0 |
| Change in fair value of derivative liability and extinguishment of derivative liability | 181,000 | 0 | 652,000 | 0 |
| Change in fair value of warrant liabilities | 1,812,800 | 0 | 2,669,800 | 0 |
| Total other income (expense), net | 1,634,815 | (839,481) | 1,512,860 | (4,470,608) |
| Loss before income taxes | (4,488,240) | (4,215,552) | (8,923,005) | (19,175,296) |
| Benefit from income taxes | 0 | 0 | 0 | 0 |
| Net loss | $ (4,488,240) | $ (4,215,552) | $ (8,923,005) | $ (19,175,296) |
| Net loss per common share, basic and diluted (in usd per share) | $ (0.13) | $ (0.16) | $ (0.29) | $ (0.82) |
| Weighted-average common shares, basic and diluted (in shares) | 33,973,788 | 25,695,171 | 30,631,601 | 23,481,834 |