CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
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| Operating expenses | ||
| Research and development | $ 939,040 | $ 576,093 |
| General and administrative | 3,531,540 | 3,741,017 |
| Total operating expenses | 4,470,580 | 4,317,110 |
| Operating loss | (4,470,580) | (4,317,110) |
| Other expense (income) | ||
| Change in fair value of warrant liability | (1,342,651) | (481,610) |
| Net Loss before income taxes | (3,176,493) | (4,839,445) |
| Provision for income taxes | 1,600 | 1,716 |
| Net loss | (3,178,093) | (4,841,161) |
| Less: Preferred deemed dividend | 325,000 | |
| Net loss applicable to common shareholders | $ (3,503,093) | $ (4,841,161) |
| Basic and diluted loss per common share (in dollars per share) | $ (0.17) | $ (0.29) |
| Shares used in computing basic and diluted loss per share (in shares) | 18,947,375 | 16,938,318 |
| Series A Preferred stock | ||
| Other expense (income) | ||
| Change in fair value of conversion rights | $ 986,000 | |
| Series B Preferred Stock | ||
| Other expense (income) | ||
| Change in fair value of conversion rights | $ 48,564 | $ 17,945 |
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- Definition Represents the amount related to change in fair value of warrant liability. No definition available.
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- Definition Represents the amount related to gain or loss on conversion right of preferred stock during the period. No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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