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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
License revenue $ 164,990 $ 0 $ 164,990 $ 428,031
Total revenues 164,990 0 164,990 428,031
Operating expenses:        
Research and development 1,713,417 1,422,919 5,626,883 4,282,823
General and administrative 1,427,261 930,137 3,989,645 4,299,659
Total operating expenses 3,140,678 2,353,056 9,616,528 8,582,482
Operating loss (2,975,688) (2,353,056) (9,451,538) (8,154,451)
Other income (expense):        
Interest and investment income 98,988 112,561 348,833 343,145
Interest expense (183,500) (218,577) (611,864) (622,537)
Total other expense, net (84,512) (106,016) (263,031) (279,392)
Loss before income tax expense (3,060,200) (2,459,072) (9,714,569) (8,433,843)
Income tax expense 0 0 (700) (700)
Net loss $ (3,060,200) $ (2,459,072) $ (9,715,269) $ (8,434,543)
Basic loss per share attributable to common stock $ (0.12) $ (0.12) $ (0.40) $ (0.40)
Weighted average common shares outstanding, basic 24,911,908 21,266,639 24,301,045 21,265,247
Diluted loss per share attributable to common stock $ (0.12) $ (0.12) $ (0.40) $ (0.40)
Weighted average common shares outstanding, diluted 24,911,908 21,266,639 24,301,045 21,265,247
Comprehensive loss:        
Net loss $ (3,060,200) $ (2,459,072) $ (9,715,269) $ (8,434,543)
Net unrealized gain (loss) on marketable investment securities (2,656) 7,755 1,224 763
Comprehensive loss $ (3,062,856) $ (2,451,317) $ (9,714,045) $ (8,433,780)