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 |
|
|