Condensed Consolidated Balance Sheets - USD ($)
|
Jun. 30, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| CURRENT ASSETS |
|
|
|
| Cash and cash equivalents |
$ 8,958,192
|
$ 11,230,637
|
$ 8,010,357
|
| Prepaid expenses |
97,877
|
1,489,851
|
97,073
|
| Subscription receivable |
0
|
2,761
|
0
|
| TOTAL CURRENT ASSETS |
9,056,069
|
12,723,249
|
8,107,430
|
| Fixed Assets, net of accumulated depreciation |
58,670
|
59,175
|
53,618
|
| TOTAL ASSETS |
9,114,739
|
12,782,424
|
8,161,048
|
| CURRENT LIABILITIES |
|
|
|
| Accounts payable |
699,511
|
449,875
|
778,753
|
| Accrued expenses |
178,460
|
141,525
|
310,435
|
| Note payable |
0
|
10,511
|
0
|
| Accounts payable - related party |
|
0
|
200,000
|
| Accrued expenses - related party |
351,344
|
389,058
|
0
|
| TOTAL CURRENT LIABILITIES |
1,229,315
|
990,969
|
1,289,188
|
| Commitments and contingencies |
|
|
|
| SHAREHOLDERS' DEFICIT |
|
|
|
| Common Stock Value |
4,962
|
4,917
|
2,403
|
| Additional paid-in capital |
28,304,453
|
27,695,888
|
6,627,983
|
| Accumulated deficit |
(32,045,215)
|
(27,724,224)
|
(18,282,689)
|
| TOTAL SHAREHOLDERS' DEFICIT |
(3,735,800)
|
(23,419)
|
(11,652,303)
|
| TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT |
9,114,739
|
12,782,424
|
8,161,048
|
| Series A Convertible Redeemable Preferred Stock [Member] |
|
|
|
| CONVERTIBLE REDEEMABLE PREFERRED STOCK |
|
|
|
| Convertible redeemable preferred stock, Series B, $.0001 par value, 333,333 shares authorized; 258,049.4 issued and outstanding at June 30, 2016 and 262,349.4 shares issued and outstanding at December 31, 2015 Liquidation preference of $15,482,963 at June 30, 2016 and $15,740,963 at December 31, 2015. plus dividends accruable at 13.3% per annum of $1,304,576 as of June 30, 2016 and $279,824 as of December 31, 2015. |
|
0
|
18,524,163
|
| Series B Convertible Redeemable Preferred Stock [Member] |
|
|
|
| CONVERTIBLE REDEEMABLE PREFERRED STOCK |
|
|
|
| Convertible redeemable preferred stock, Series B, $.0001 par value, 333,333 shares authorized; 258,049.4 issued and outstanding at June 30, 2016 and 262,349.4 shares issued and outstanding at December 31, 2015 Liquidation preference of $15,482,963 at June 30, 2016 and $15,740,963 at December 31, 2015. plus dividends accruable at 13.3% per annum of $1,304,576 as of June 30, 2016 and $279,824 as of December 31, 2015. |
$ 11,621,224
|
$ 11,814,874
|
$ 0
|