Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 1)

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INCOME TAXES (Details 1) - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Deferred tax assets    
Federal net operating loss $ 24,353,504 $ 36,472,996
Federal research and development tax credit carryforwards 4,947,879 3,808,862
State net operating losses and tax credit carryforwards 1,589,927 2,628,006
Capitalized research and development expenses 5,772,165 8,834,640
Stock-based compensation expense 1,445,078 2,162,703
Depreciable assets 166,793 0
Other 121,680 235,681
Total deferred tax assets 38,397,026 54,142,888
Deferred tax liabilities    
Depreciable assets 0 (150,196)
Total deferred tax liabilities 0 (150,196)
Net deferred tax assets 38,397,026 53,992,692
Less- valuation allowance (38,397,026) (53,992,692)
Total deferred tax assets $ 0 $ 0