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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Revenue from licensing agreements $ 23,164 $ 20,997
Operating expenses:    
Research and development 5,208,705 6,292,191
General and administrative 4,628,334 2,689,196
Total operating expenses 9,837,039 8,981,387
Loss from operations (9,813,875) (8,960,390)
Other income (expense):    
Change in fair value of warrant liability 278,228 (347,330)
Interest income 4,243 1,394
Interest expense (27,901) (185,356)
Other income (expense), net (2,100) 140,981
Total other income (expense), net 252,470 (390,311)
Net loss $ (9,561,405) $ (9,350,701)
Basic and diluted net loss per share [1] $ (0.98) $ (1.62)
Weighted average number of common shares outstanding, basic and diluted [1] 9,805,478 5,768,331
[1] * Adjusted for the 1-for-12 reverse stock split as discussed in Note 1.