Stockholders' Equity Note Disclosure [Text Block] | Note 4. We have granted share-based compensation awards to employees, board members and service providers. Awards may ten March 31, 2019, 10.9 We typically record share-based compensation expense on a straight-line basis over the requisite service period. Share-based compensation expenses included in the statements of operations are as follows: Three Months Ended March 31 2019 2018 Research and development expenses $ 200,337 $ 64,583 General and administrative expenses 137,629 174,252 Total $ 337,966 $ 238,835 Stock Options A summary of stock option activity and related information for the three March 31, 2019 Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Outstanding at January 1, 2019 1,632,662 $ 10.78 5.1 $ - Granted 800,000 $ 0.43 Exercised - $ - $ - Forfeited - $ - Outstanding at March 31 2019 2,432,662 $ 7.37 6.4 $ 19,040 Exercisable at March 31, 2019 1,795,786 $ 9.78 5.3 $ 5,712 Range of Exercise Prices Number of Options Outstanding Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value $0.40 - $0.50 800,000 $ 0.43 9.7 $ 19,040 $1.00 - $3.50 588,640 $ 1.15 7.1 - $3.51 - $13.00 532,236 $ 9.76 4.1 - $13.01 - $26.00 343,782 $ 14.79 2.8 - $26.01 - $39.00 65,504 $ 30.85 2.2 - $39.01 - $56.00 102,500 $ 45.03 4.3 - 2,432,662 $ 7.37 6.4 $ 19,040 The Company uses the Black-Scholes option pricing model for “plain vanilla” options and other pricing models as appropriate to calculate the fair value of options. The Company generally uses the “simplified method” to estimate expected life. Significant assumptions used in these models include: Three Months Ended March 31, 2019 Annual dividend - Expected life (in years) 5.4 - 5.5 Risk free interest rate 2.4% - 2.5% Expected volatility 97% Options granted in the three March 31, 2019, $0.34 no three March 31, 2018. Unrecognized compensation cost for unvested stock option awards outstanding at March 31, 2019 $250,000 0.8 In the three March 31, 2019, $102,000 three March 31, 2019. RSUs We have granted restricted stock units (RSUs) to certain employees and board members that entitle the holders to receive shares of our common stock upon vesting and subject to certain restrictions regarding the exercise of the RSUs. The grant date fair value of RSUs is based upon the market price of the underlying common stock on the date of grant. No three March 31, 2019 2018. No three March 31, 2019. At March 31, 2019, 33,758 $4.66 $15,200. No three March 31, 2019. March 31, 2019. Restricted Stock We have granted restricted stock to certain board members that vest quarterly over the grant year. The grant date fair value of the restricted stock is based upon the market price of the common stock on the date of grant. No three March 31, 2019 2018. Restricted stock vesting in the three March 31, 2019, $1.11 $5,100. At March 31, 2019, 11,262 $1.11. March 31, 2019 $12,500 0.25 Stock Purchase Warrants. We have issued warrants to purchase common stock to certain officers, directors, stockholders and service providers as well as in conjunction with debt and equity offerings and at various times replacement warrants were issued as an inducement for warrant exercises. In May 2016 August 2017, 1,746,173 2,250,000 contained in the warrants. At March 31, 2019, 2,982,709 3 In the three March 31, 2019, 500,000 third $0.30, January 2024 $0.19 25% 75% March 31, 2019. no 2.5 2.5% 110%. A summary of outstanding warrants at March 31, 2019 Range of Exercise Prices Number of Warrants Outstanding Range of Expiration Dates $0.30 - $0.875 6,662,709 May 2021 - August 2024 $1.11 - $5.79 34,617 May 2021 - May 2023 $12.80 - $12.90 39,296 January 2022 $16.20 - $16.30 174,544 March 2020 $22.10 - $27.90 44,233 December 2019 - January 2021 $34.50 - $39.20 236,556 October 2019 - October 2021 $52.31 11,539 July 2019 7,203,494 Preferred and Common Stock We have outstanding 1,000,000 4.5% December 2016. 4.5% 3,887,387 April 2019, 465,191 4.5% 1,808,377 | Note 4. We have granted share-based compensation awards to employees, board members and service providers. In addition, we have issued warrants to purchase common stock in conjunction with debt and equity offerings. Awards may ten December 31, 2018, 10.8 We record share-based compensation expense on a straight-line basis over the requisite service period. Share-based compensation expense included in the statements of operations was as follows: Year Ended December 31, 2018 2017 Research and development costs $ 133,334 $ 1,091,036 General and administrative expenses 500,748 678,928 Total $ 634,082 $ 1,769,964 Stock Options A summary of stock option activity and related information for the year ended December 31, 2018 Number of Options Weighted- Weighted- Aggregate Outstanding at January 1, 2018 1,894,077 $ 19.76 4.7 $ 108,000 Granted 488,640 $ 1.13 $ - Exercised - - Forfeited/Expired (750,055 ) $ 27.19 Outstanding at December 31, 2018 1,632,662 $ 10.78 5.1 $ - Exercisable at December 31, 2018 1,166,127 $ 14.59 4.4 $ - Range of Exercise Prices Number of Options Weighted- Weighted- Aggregate $1.00 - $3.50 588,640 $ 1.15 7.3 $ - $3.51 - $13.00 532,236 $ 9.76 4.3 - $13.01 - $26.00 343,782 $ 14.79 3.1 - $26.01 - $39.00 65,504 $ 30.85 2.5 - $39.01 - $56.00 102,500 $ 45.03 4.6 - 1,632,662 $ 10.78 5.1 $ - The Company uses the Black-Scholes option pricing model for “plain vanilla” options and other pricing models as appropriate to calculate the fair value of options. Significant assumptions used in these models include: Year Ended December 31, 2018 2017 Annual dividend - - Expected life (in years) 2.5 - 5.3 0.3 - 6.5 Risk free interest rate 2.5% - 2.8% 0.80% - 2.22% Expected volatility 97% - 113% 62.2% - 98.0% Options granted in the years ended December 31, 2018 2017 $0.47 $1.34, December 31, 2018 2017 $205,000 $302,000, Unrecognized compensation cost for unvested stock option awards outstanding at December 31, 2018 $179,000 1.9 On December 12, 2018, 800,000 $0.425 ten 200,000 200,000 two 400,000 January 1, 2019 not RSUs We have granted restricted stock units (RSU’s) that entitle the holders to receive shares of our common stock upon vesting and subject to certain restrictions regarding the exercise of the RSU’s and the holders’ ability to transfer the shares received upon exercise. The fair value of RSU’s granted is based upon the market price of the underlying common stock as if they were vested and issued on the date of grant. A summary of our RSU activity for the year ended December 31, 2018 Number of Weighted- Outstanding at January 1, 2018 11,235 $ 11.77 Granted 45,046 $ 1.11 Exercised and converted to common shares - $ - Forfeited - $ - Outstanding at December 31, 2018 56,281 $ 3.24 Exercisable at December 31, 2018 33,759 $ 4.66 The total intrinsic value of the outstanding RSU’s at December 31, 2018 $17,000. December 31, 2018 2017, $50,000 $25,000, December 31, 2017 $23,000. No December 31, 2018. Unrecognized compensation cost for unvested RSU’s outstanding at December 31, 2018 $25,000 0.5 Restricted Stock We have granted restricted stock to certain board members. A summary of our restricted stock activity for the year ended December 31, 2018 Shares of Weighted- Outstanding at January 1, 2018 49,960 $ 3.00 Granted 45,046 $ 1.11 Vested (72,483 ) $ 2.41 Forfeited - $ - Outstanding at December 31, 2018 22,523 $ 1.11 The total intrinsic value of the outstanding restricted stock at December 31, 2018 $7,000. December 31, 2018 $84,000. Unrecognized compensation cost for unvested restricted stock outstanding at December 31, 2018 $25,000 0.5 Stock Purchase Warrants We have issued warrants to purchase common stock to certain officers, directors, stockholders and service providers as well as in conjunction with debt and equity offerings and at various times replacement warrants were issued as an inducement for warrant exercises. In May 2016 August 2017, 1,746,173 2,250,000 contained in the warrants. At December 31, 2018, 2,982,709 3 October 2018 2,982,709 $2.00 $0.57 In October 2018, 3,000,000 180,000 $0.75 $0.875, A summary of outstanding warrants at December 31, 2018 Range of Exercise Number of Range of Expiration Dates $0.57 - $0.875 6,162,709 May 2021 - August 2024 $1.11 - $5.79 34,617 May 2021 - May 2023 $12.80 - $12.90 39,296 January 2022 $16.20 - $16.30 174,544 March 2020 $22.10 - $27.90 153,755 March 2019 - January 2021 $34.50 - $39.20 236,556 October 2019 - October 2021 $47.30 - $52.20 275,897 January 2019 - July 2019 7,077,374 Preferred and Common Stock We have outstanding 1,000,000 4.5% December 2016. 4.5% 3,887,387 In October 2018, 3,000,000 3,000,000 $0.70 $2.1 $0.75 six five one June 23, 2017 ( No. 333 218608 180,000 $0.875 5 |