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Stock-based compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity
The following table summarizes stock option activity for employees and non-employees for the three months ended March 31, 2017:
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2016
2,156,250

 
$
8.66

 
7.94
 
$
1,605,684

Granted
587,500

 
4.58

 
 
 
 
Exercised

 

 
 
 
 
Cancelled or forfeited
(71,681
)
 
11.93

 
 
 
 
Outstanding at March 31, 2017
2,672,069

 
$
7.68

 
7.85
 
$
1,031,433

Exercisable at March 31, 2017
1,128,717

 
$
7.74

 
6.74
 
$
740,304

Vested or expected to vest at March 31, 2017
2,672,069

 
$
7.68

 
7.85
 
$
1,031,433

Summary of stock-based compensation expense
Total stock-based compensation expense recognized for employee and non-employee restricted common stock, and stock options granted to employees and non-employees is included in the Company's condensed consolidated statement of operations and comprehensive loss as follows:
 
 
Three Months Ended March 31, 2017
 
Three Months Ended March 31, 2016
Research and development
$
394,417

 
$
595,466

Selling, general and administrative
794,335

 
922,695

Total
$
1,188,752

 
$
1,518,161