Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Stockholders' Equity [Abstract]  
Schedule of stock based compensation
    For the Three Months Ended
June 30,
    For Six Months Ended
June 30,
 
    2017     2016     2017     2016  
Research and development   $ 76,267     $ 103,537     $ 142,960     $ 174,744  
General and administrative     122,184       106,118       470,004       158,557  
  Total   $ 198,451     $ 209,655     $ 612,964     $ 333,301
Schedule of stock option activity
                Weighted Average        
    Stock Options     Exercise Price     Fair Value     Contractual     Aggregate  
    Outstanding     Exercisable     Outstanding     Exercisable     Vested     Life (Years)     Intrinsic Value  
Balance – December 31, 2016     4,652,497       1,908,883     $ 0.92     $ 0.41     $ 0.41       8.24     $ -  
Granted     1,031,000       100,000       2.40       2.40       6.25       6.25       -  
Exercised     (16,250 )     -       -       -       -       -       -  
Cancelled     (153,750 )     -       -       -       -       -       -  
Balance – June 30, 2017     5,513,497       2,745,159     $ 0.98     $ 0.59     $ 0.59       6.73     $ 3,805,494
Schedule of stock options outstanding and exercisable

            Weighted   Weighted           Weighted  
Exercise     Number     Average Remaining   Average     Number     Average  
Price     Outstanding     Contractual Term   Exercise Price     Exercisable     Exercise Price  
                               
$ 0.05       72,876     4.76 years   $ 0.05       72,876     $ 0.05  
$ 0.26       1,024,810     6.78 years   $ 0.26       978,507     $ 0.26  
$ 0.73       1,475,687     7.38 years   $ 0.73       953,048     $ 0.73  
$ 1.00       313,124     8.06 years   $ 1.00       166,457     $ 1.00  
$ 1.10       10,000     8.53 years   $ 1.10       3,959     $ 1.10  
$ 1.17       70,000     8.37 years   $ 1.17       31,875     $ 1.17  
$ 1.22       125,000     8.60 years   $ 1.22       44,271     $ 1.22  
$ 1.50       40,000     8.67 years   $ 1.50       13,333     $ 1.50  
$ 1.55       1,456,000     8.69 years   $ 1.55       353,750     $ 1.55  
$ 2.40       926,000     9.59 years   $ 2.40       127,083     $ 2.40  
Totals       5,513,497                   2,745,159