Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2017
Stockholders' Equity [Abstract]  
Schedule of stock based compensation
    For the Three Months Ended September 30,     For Nine Months Ended September 30,  
    2017     2016     2017     2016  
Research and development   $ 441,629     $ 89,526     $ 584,589     $ 264,270  
General and administrative     126,242       101,290       596,246       259,848  
Total   $ 567,871     $ 190,816     $ 1,180,835     $ 524,118  
Schedule of stock option activity
                Weighted Average     Aggregate  
    Stock Options     Exercise Price     Fair Value     Contractual     Intrinsic  
    Outstanding     Exercisable     Outstanding     Exercisable     Vested     Life (Years)     Value  
Balance – December 31, 2016     4,652,497       1,908,883     $ 0.92     $ 0.41     $ 0.41       8.24     $ -  
Granted     1,116,000       -       -       -       -       -       -  
Exercised     (16,250 )     -       -       -       -       -       -  
Cancelled     (153,750 )     -       -       -       -       -       -  
Balance – September 30, 2017     5,598,497       3,006,807     $ 1.02     $ 0.64     $ 0.64       6.92     $ 12,910,289  
Schedule of stock options outstanding and exercisable
            Weighted
Average
  Weighted           Weighted  
Exercise     Number     Remaining   Average     Number     Average  
Price     Outstanding     Contractual Term   Exercise Price     Exercisable     Exercise Price  
                               
$ 0.05       72,876     4.51 years   $ 0.05       72,876     $ 0.05  
$ 0.26       1,024,810     6.53 years   $ 0.26       1,008,112     $ 0.26  
$ 0.73       1,475,687     7.12 years   $ 0.73       1,045,278     $ 0.73  
$ 1.00       313,124     7.81 years   $ 1.00       186,457     $ 1.00  
$ 1.10       10,000     8.35 years   $ 1.10       4,584     $ 1.10  
$ 1.17       70,000     8.12 years   $ 1.17       36,250     $ 1.17  
$ 1.22       125,000     8.35 years   $ 1.22       52,083     $ 1.22  
$ 1.50       40,000     8.42 years   $ 1.50       15,833     $ 1.50  
$ 1.55       1,456,000     8.44 years   $ 1.55       424,500     $ 1.55  
$ 2.02       85,000     9.86 years   $ 2.02       27,500     $ 2.02  
$ 2.40       926,000     9.34 years   $ 2.40       133,334     $ 2.40  
Totals       5,598,497                   3,006,807          
Schedule of warrant activity
                Weighted Average     Aggregate  
    Warrants     Exercise Price     Fair Value     Contractual     Intrinsic  
    Outstanding     Exercisable     Outstanding     Exercisable     Vested     Life (Years)     Value  
Balance – December 31, 2016     6,681,051       6,618,551     $ 1.74     $ 1.74     $ 0.41       0.98     $ -  
Issued     3,618,053       3,618,053     $ 2.24     $ 2.24     $ 1.04       2.86       -  
Exercised     (1,033,570 )     -       -       -       -       -       -  
Cancelled     (4,695,846 )     -       -       -       -       -       -  
Balance – September 30, 2017     4,569,688       4,554,063     $ 1.85     $ 1.86     $ 0.92       3.46     $ 8,212,130