Stockholders' Equity (Details Textual) - USD ($)
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1 Months Ended |
12 Months Ended |
Jan. 06, 2015 |
Jan. 31, 2016 |
Jan. 31, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Stockholders' Equity (Textual) |
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Warrants issued to purchase common stock |
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6,975,000
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Aggregate shares of common stock |
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13,950,000
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Gross proceeds from sale of shares |
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$ 13,950,000
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Warrants, description |
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Each whole warrant was exercisable to acquire one share of the Company's common stock at a price of $2.00 per share at any time up to January 6, 2017.
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Offering expenses |
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$ 996,516
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$ 35,811
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Proceeds from issuance, net |
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12,953,484
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Incurred internal offering costs |
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$ 785,197
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Common stock, shares authorized |
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75,000,000
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75,000,000
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Common stock, par value |
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$ 0.001
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$ 0.001
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Preferred stock, shares authorized |
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5,000,000
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5,000,000
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Preferred stock, par value |
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$ 0.001
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$ 0.001
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Preferred stock, outstanding |
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Conversion of of Series B Preferred into common stock |
5,400,000
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Proceeds from exercise options |
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$ 2,600
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stock based compensation |
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735,429
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396,850
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Research and development expense |
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3,606,515
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1,966,221
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General and administrative expense |
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$ 2,470,062
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$ 1,908,080
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Recognized options vest over period |
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4 years
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Warrant [Member] |
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Stockholders' Equity (Textual) |
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Warrants issued to purchase common stock |
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125,000
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365,550
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7,002,774
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Proceeds from exercise options |
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$ 2,969,454
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Options exercised |
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(1,745,890)
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Number of options cancelled |
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Number of options granted |
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490,550
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7,002,774
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Warrant exercise price per share |
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$ 1.15
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$ 2.00
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Number of warrants exercised |
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1,745,890
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Warrant exercised |
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1,484,727
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Description of vesting rights |
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The Company's common stock to an investor relations firm as partial compensation for consulting services to be provided over a two-year period. The warrant is exercisable at $1.15 per share, has a term of three years and is subject to vesting over the two-year service period.
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Stock Options [Member] |
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Stockholders' Equity (Textual) |
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Stock option aggregate grant fair value |
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$ 1,418,000
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$ 301,557
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Options exercised |
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10,000
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Number of options granted |
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1,696,000
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388,124
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127,532
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Recognized options vest over period |
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4 years
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4 years
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Class of warrant or right expiration term |
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10 years
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10 years
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Stock Options [Member] | Maximum [Member] |
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Stockholders' Equity (Textual) |
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Exercise prices of stock option |
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$ 1.55
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$ 1.17
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Stock Options [Member] | Minimum [Member] |
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Stockholders' Equity (Textual) |
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Exercise prices of stock option |
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$ 1.10
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$ 1.00
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Compensation Expense [Member] |
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Stockholders' Equity (Textual) |
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Research and development expense |
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$ 374,292
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$ 181,158
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General and administrative expense |
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361,137
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215,692
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Compensation Options [Member] |
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Stockholders' Equity (Textual) |
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Warrants, description |
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Each Compensation Option is exercisable for a unit consisting of one share of common stock and one-half of one common stock purchase warrant at an exercise price of $1.00 per unit. The Compensation Options expired on July 6, 2016. Each whole warrant issuable upon exercise of Compensation Options is exercisable to acquire one share of common stock at an exercise price of $2.00 per share at any time up to January 6, 2017.
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Proceeds from exercise options |
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$ 731,100
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$ 55,548
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Options exercised |
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731,100
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55,548
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Number of options granted to agents |
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786,696
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Warrant exercise price per share |
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$ 2.00
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Option granted exercise price |
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$ 1.00
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Number of warrants exercised |
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731,100
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55,548
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2011 Plan [Member] |
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Stockholders' Equity (Textual) |
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Warrants issued to purchase common stock |
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125,000
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Warrants, description |
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The Company's common stock to an investor relations firm as partial compensation for consulting services it will provide to the Company over a two year period.
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Common stock for future issuance |
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6,453,069
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1,665,572
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Equity incetive plan, description |
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In accordance with the rules of the TSX Venture Exchange regarding equity incentive plans, the number of shares that can be reserved for issuance under the 2011 Plan is equal to 20% of the Company's common stock outstanding at the completion of the offering.
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Series B Preferred Stock [Member] |
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Stockholders' Equity (Textual) |
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Proceeds from issuance, net |
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$ 2,700,000
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Conversion of of Series B Preferred into common stock |
5,400,000
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5,400,000
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Preferred stock conversion, description |
Each outstanding share of Series B Preferred Stock was automatically converted into one share of common stock.
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Amendment [Member] |
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Stockholders' Equity (Textual) |
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Authorized to issue and sale, shares |
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80,000,000
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Common stock, shares authorized |
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75,000,000
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Common stock, par value |
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$ 0.001
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Preferred stock, shares authorized |
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5,000,000
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Preferred stock, par value |
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$ 0.001
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IPO [Member] |
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Stockholders' Equity (Textual) |
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Number of shares sold |
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11,250,000
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2,700,000
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Proceeds from issuance, net |
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$ 11,250,000
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$ 2,700,000
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Price per sale of unit |
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$ 1.00
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$ 1.00
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Warrants, description |
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All units consist of one share of the Company's common stock and one-half of one common stock purchase warrant.
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Number of options granted to agents |
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786,696
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Private Placement [Member] |
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Stockholders' Equity (Textual) |
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Number of shares sold |
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2,700,000
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Proceeds from issuance, net |
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$ 2,700,000
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Employees [Member] | Agents [Member] |
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Stockholders' Equity (Textual) |
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Number of options cancelled |
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26,486
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5,000
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