Condensed Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 10,771,639	$ 15,819,566
Prepaid expenses	65,905	189,136
Total current assets	10,837,544	16,008,702
Other assets	10,326	10,326
Property and equipment, net	26,172	20,688
Total Assets	10,874,042	16,039,716
Current liabilities
Accounts payable	1,802,655	739,357
Accrued expenses	932,028	614,141
Other liabilities	12,842	1,223
Total current liabilities	2,747,525	1,354,721
Stockholders' equity
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2016 and December 31, 2015
Common stock, $0.001 par value; 25,000,000 shares authorized; 8,584,661 and 8,582,004 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	8,585	8,582
Additional paid-in capital	42,468,796	41,759,355
Accumulated deficit	(34,350,864)	(27,082,942)
Total stockholders' equity	8,126,517	14,684,995
Total Liabilities and Stockholders' Equity	$ 10,874,042	$ 16,039,716

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).