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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Aug. 02, 2019
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	JAGUAR HEALTH, INC.
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001585608
Amendment Flag	false
Entity Ex Transition Period	true
Common stock - voting
Entity Common Stock, Shares Outstanding		6,062,958
Common stock - non-voting
Entity Common Stock, Shares Outstanding		40,301,237
Preferred Convertible Stock
Entity Common Stock, Shares Outstanding		5,524,926

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash	$ 1,606,627	$ 2,568,191
Accounts receivable	2,097,213	995,683
Other receivable	92,744	6,118
Inventory	2,393,233	3,342,177
Deferred offering costs	335,768
Prepaid expenses and other current assets	822,796	1,237,772
Total current assets	7,348,381	8,149,941
Property and equipment, net	737,317	760,617
Operating lease - right-of-use asset	905,711
Intangible assets, net	26,867,222	31,710,556
Other assets	208,316	420,831
Total assets	36,066,947	41,041,945
Current liabilities:
Accounts payable	6,390,289	5,414,260
Accrued liabilities	5,273,615	4,939,441
Warrant liability	5,182,273	220,376
Convertible debt - current, net of discount		11,239,170
Operating lease liability - current	425,755
Notes payable, net of discount	3,563,068	4,845,575
Total current liabilities	20,835,000	26,658,822
Notes payable long term, net of discount	7,759,642
Operating lease liability - long-term	116,328
Total liabilities	28,710,970	26,658,822
Commitments and contingencies (See Note 6)
Series A convertible preferred stock: $0.0001 par value, 10,000,000 shares authorized at June 30, 2019 and December 31, 2018; 5,524,926 shares issued and outstanding at June 30, 2019 and December 31, 2018; (redemption value and liquidation preference of $12,738,822 and $9,199,002 at June 30, 2019 and December 31, 2018, respectively)	9,000,002	9,000,002
Stockholders' equity/(deficit):
Additional paid-in capital	117,927,532	99,929,835
Accumulated deficit	(119,575,767)	(94,550,779)
Total stockholders' equity/(Deficit)	(1,644,025)	5,383,121
Total liabilities, convertible preferred stock and stockholders' equity/(deficit)	36,066,947	41,041,945
Common stock - voting
Stockholders' equity/(deficit):
Common stock value	180	35
Common stock - non-voting
Stockholders' equity/(deficit):
Common stock value	$ 4,030	$ 4,030

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Convertible preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Convertible preferred stock, shares authorized	10,000,000	10,000,000
Convertible preferred stock, shares issued	5,524,926	5,524,926
Convertible preferred stock, shares outstanding	5,524,926	5,524,926
Redemption value and liquidation preference	$ 12,738,822	$ 9,199,002
Common Stock \| Common stock - voting
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	1,799,381	351,472
Common stock, shares outstanding	1,799,381	351,472
Common Stock \| Common stock - non-voting
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	40,301,237	40,301,237
Common stock, shares outstanding	40,301,237	40,301,237

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Total revenue	$ 1,705,694	$ 883,846	$ 3,295,427	$ 1,688,202
Operating expenses
Cost of product revenue	1,260,362	608,024	2,125,305	1,072,185
Research and development	1,697,653	1,604,886	3,119,013	2,362,752
Sales and marketing	2,173,071	2,690,262	3,738,195	4,402,452
General and administrative	3,196,861	3,059,748	6,710,275	6,058,148
Impairment of indefinite-lived intangible assets	4,000,000	0	4,000,000	0
Total operating expenses	12,327,947	7,962,920	19,692,788	13,895,537
Loss from operations	(10,622,253)	(7,079,074)	(16,397,361)	(12,207,335)
Interest expense	(3,656,978)	(711,802)	(4,204,108)	(1,313,824)
Other income, net	14,224	15,204	20,608	312,704
Change in fair value of warrants, derivative liability and conversion option liability	207,088	118,489	161,031	(145,365)
Loss on extinguishment of debt	(2,663,198)		(4,605,158)
Net loss	(16,721,117)	(7,657,183)	(25,024,988)	(13,353,820)
Deemed dividend attributable to preferred stock		(995,000)		(995,000)
Net loss attributable to common shareholders	$ (16,721,117)	$ (8,652,183)	$ (25,024,988)	$ (14,348,820)
Net loss per share, basic and diluted (in dollars per share)	$ (15.11)	$ (53.24)	$ (31.22)	$ (100.33)
Weighted-average common shares outstanding, basic and diluted (in shares)	1,106,374	162,506	801,482	143,012
Product revenue, net
Revenue
Total revenue	$ 1,705,694	$ 883,846	$ 3,295,427	$ 1,510,813
Collaboration revenue
Revenue
Total revenue				$ 177,389

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY/(DEFICIT) - USD ($)	CVP Notes Common Stock Common stock - voting	CVP Notes Additional paid-in capital	CVP Notes	CVP Exchange Notes Common Stock Common stock - voting	CVP Exchange Notes Additional paid-in capital	CVP Exchange Notes	Common Stock Common stock - voting	Common Stock Common stock - non-voting	Additional paid-in capital	Accumulated deficit	Series A Preferred Stock	Total
Ending Balance at Mar. 31, 2018											$ 9,000,002
Balance (in shares) at Mar. 31, 2018											5,524,926
Balance at Dec. 31, 2017							$ 6	$ 4,262	$ 79,661,456	$ (62,404,722)		$ 17,261,002
Balance (in shares) at Dec. 31, 2017							59,721	42,617,893
Balance at Mar. 31, 2018							$ 12	$ 4,262	89,104,730	(68,101,359)		21,007,645
Balance (in shares) at Mar. 31, 2018							122,602	42,617,893
Increase (decrease) in temporary equity
Issuance of preferred stock											$ 9,000,002
Issuance of preferred stock (in shares)											5,524,926
Beneficial conversion feature of the series A convertible preferred stock											$ (995,000)
Ending Balance at Jun. 30, 2018											$ 9,000,002
Balance (in shares) at Jun. 30, 2018											5,524,926
Balance at Dec. 31, 2017							$ 6	$ 4,262	79,661,456	(62,404,722)		17,261,002
Balance (in shares) at Dec. 31, 2017							59,721	42,617,893
Increase (decrease) in Stockholders' Equity (Deficit)
Beneficial conversion feature of the series A convertible preferred stock									995,000			995,000
Issuance of preferred stock and common stock							$ 3		4,999,997			5,000,000
Issuance of preferred stock and common stock (in shares)							28,011
Deemed dividend on the series A convertible preferred stock									(995,000)		$ 995,000	(995,000)
Issuance of common stock							$ 2		2,259,280			2,259,282
Issuance of common stock (In shares)							17,075
Issuance of common stock in exchange for redemption of convertible debt							$ 1		1,404,012			1,404,013
Issuance of common stock in exchange for redemption of convertible debt (in shares)							13,665
Issuance of common stock in exchange for services									6,425			6,425
Issuance of common stock in exchange for services (in shares)							48
Issuance of common stock in exchange for payment of interest expense									704,725			704,725
Issuance of common stock in exchange for payment of interest expense (in shares)							4,082
Conversion of non-voting common stock to voting common stock								$ (232)	232
Conversion of non-voting common stock to voting common stock (in shares)							2,206	(2,316,656)
Fractional common stock shares repurchased									(30)			(30)
Stock-based compensation									736,697			736,697
Net loss										(13,353,820)		(13,353,820)
Balance at Jun. 30, 2018							$ 12	$ 4,030	89,772,794	(75,758,542)		14,018,294
Balance (in shares) at Jun. 30, 2018							124,808	40,301,237
Beginning Balance at Mar. 31, 2018											$ 9,000,002
Balance (in shares) at Mar. 31, 2018											5,524,926
Ending Balance at Jun. 30, 2018											$ 9,000,002
Balance (in shares) at Jun. 30, 2018											5,524,926
Balance at Mar. 31, 2018							$ 12	$ 4,262	89,104,730	(68,101,359)		21,007,645
Balance (in shares) at Mar. 31, 2018							122,602	42,617,893
Increase (decrease) in Stockholders' Equity (Deficit)
Issuance of common stock in exchange for redemption of convertible debt									203,408			203,408
Conversion of non-voting common stock to voting common stock								$ (232)	232
Conversion of non-voting common stock to voting common stock (in shares)							2,206	(2,316,656)
Fractional common stock shares repurchased									(30)			(30)
Stock-based compensation									464,454			464,454
Net loss										(7,657,183)		(7,657,183)
Balance at Jun. 30, 2018							$ 12	$ 4,030	89,772,794	(75,758,542)		14,018,294
Balance (in shares) at Jun. 30, 2018							124,808	40,301,237
Beginning Balance at Dec. 31, 2018											$ 9,000,002	$ 9,000,002
Balance (in shares) at Dec. 31, 2018											5,524,926	5,524,926
Ending Balance at Mar. 31, 2019											$ 9,000,002
Balance (in shares) at Mar. 31, 2019											5,524,926
Balance at Dec. 31, 2018							$ 35	$ 4,030	99,929,835	(94,550,779)		$ 5,383,121
Balance (in shares) at Dec. 31, 2018							351,472	40,301,237
Balance at Mar. 31, 2019							$ 85	$ 4,030	109,646,413	(102,854,650)		6,795,878
Balance (in shares) at Mar. 31, 2019							848,785	40,301,237
Beginning Balance at Dec. 31, 2018											$ 9,000,002	$ 9,000,002
Balance (in shares) at Dec. 31, 2018											5,524,926	5,524,926
Ending Balance at Jun. 30, 2019											$ 9,000,002	$ 9,000,002
Balance (in shares) at Jun. 30, 2019											5,524,926	5,524,926
Balance at Dec. 31, 2018							$ 35	$ 4,030	99,929,835	(94,550,779)		$ 5,383,121
Balance (in shares) at Dec. 31, 2018							351,472	40,301,237
Increase (decrease) in Stockholders' Equity (Deficit)
Issuance of common stock to Oasis, put exercise							$ 20		2,602,876			2,602,896
Issuance of common stock to Oasis, put exercise (in shares)							195,319
Issuance of common stock, registered offering							$ 2		266,264			266,266
Issuance of common stock, registered offering (in shares)							19,019
Issuance of common stock in exchange for redemption of convertible debt	$ 40	$ 8,224,884	$ 8,224,923	$ 81	$ 5,584,070	$ 5,584,152
Issuance of common stock in exchange for redemption of convertible debt (in shares)	395,970			817,863
Issuance of common stock in exchange for payment of interest expense							$ 2		446,727			446,729
Issuance of common stock in exchange for payment of interest expense (in shares)							19,752
Fractional common stock shares repurchased (in shares)							(14)
Stock-based compensation									872,876			872,876
Net loss										(25,024,988)		(25,024,988)
Balance at Jun. 30, 2019							$ 180	$ 4,030	117,927,532	(119,575,767)		(1,644,025)
Balance (in shares) at Jun. 30, 2019							1,799,381	40,301,237
Beginning Balance at Mar. 31, 2019											$ 9,000,002
Balance (in shares) at Mar. 31, 2019											5,524,926
Ending Balance at Jun. 30, 2019											$ 9,000,002	$ 9,000,002
Balance (in shares) at Jun. 30, 2019											5,524,926	5,524,926
Balance at Mar. 31, 2019							$ 85	$ 4,030	109,646,413	(102,854,650)		$ 6,795,878
Balance (in shares) at Mar. 31, 2019							848,785	40,301,237
Increase (decrease) in Stockholders' Equity (Deficit)
Issuance of common stock to Oasis, put exercise									99,967			99,967
Issuance of common stock to Oasis, put exercise (in shares)							4,843
Issuance of common stock in exchange for redemption of convertible debt	$ 13	$ 2,151,037	$ 2,151,050	$ 82	$ 5,583,747	$ 5,583,829
Issuance of common stock in exchange for redemption of convertible debt (in shares)	127,904			817,863
Fractional common stock shares repurchased (in shares)							(14)
Stock-based compensation									446,368			446,368
Net loss										(16,721,117)		(16,721,117)
Balance at Jun. 30, 2019							$ 180	$ 4,030	$ 117,927,532	$ (119,575,767)		$ (1,644,025)
Balance (in shares) at Jun. 30, 2019							1,799,381	40,301,237

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Cash flows from operating activities
Net loss	$ (16,721,117)	$ (7,657,183)	$ (25,024,988)	$ (13,353,820)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense			873,142	659,230
Impairment of indefinite-lived intangible assets	4,000,000	0	4,000,000	0
Interest paid on the conversion of debt to equity				59,737
Common stock issued in exchange for services rendered				6,425
Loss on extinguishment of debt	2,663,198		4,605,158
Amortization of operating lease right-of-use-assets			362,884
Stock-based compensation			872,876	736,697
Amortization of debt issuance costs and debt discount			3,879,353	817,927
Change in fair value of warrants, conversion option and derivative liability			(161,031)	(141,230)
Change in fair value of of derivative liability				(3,000)
Changes in assets and liabilities.
Accounts receivable			(1,101,530)	(115,954)
Other receivable			(86,626)	(69,075)
Inventory			948,945	(771,688)
Prepaid expenses and other current assets			247,628	(785,711)
Deferred collaboration revenue				(177,389)
Operating lease liabilities			(230,351)
Accounts payable			976,027	(2,354,183)
Accrued expenses			1,067,296	473,521
Total cash used in operating activities			(8,771,217)	(15,018,513)
Cash flows from investing activities
Purchase of equipment			(6,508)	(6,527)
Total cash used in investing activities			(6,508)	(6,527)
Cash flows from financing activities
Proceeds from issuance of short-term notes payable			5,050,000
Proceeds from issuance of long term debt				2,310,000
Repayment of notes payable			(100,000)	(1,689,200)
Proceeds from issuance of common stock through a stock purchase agreement with a private investor				1,305,774
Proceeds from the issuance of common stock in a private investment in public entities with existing investors				750,100
Proceeds from the issuance of common stock, March 2019			266,266
Fractional common shares repurchased				(30)
Payment of offering costs for July 2019 registered offering			(3,000)
Total cash provided by financing activities			7,816,161	16,676,646
Net increase (decrease) in cash			(961,564)	1,651,606
Cash at beginning of period			2,568,191	759,867	$ 759,867
Cash at end of period	$ 1,606,627	2,411,473	1,606,627	2,411,473	$ 2,568,191
Supplemental schedule of non-cash financing and investing activities
Interest paid on long-term debt				19,344
Deemed dividend attributable to preferred stock		$ (995,000)		(995,000)
Common stock exchanged for CVP Exchange Note 1 and related interest			5,584,153
Repayment of accrued interest on Kingdon note payable by issuance of common stock			446,729
Repayment of CVP Note Payable principal and interest by issuance of common stock			8,224,924
Issuance of March 2019 letter of credit warrant			$ 116,297
Issuance of warrants with short-term Notes Payable			5,005,739
Accrual of offering costs for July 2019 registered offering			$ 332,768
Private Investment in Public Entities March 2018
Cash flows from financing activities
Proceeds from the issuance of common stock				5,000,000
Proceeds from the issuance of convertible preferred stock, March 2018				9,000,002
Proceeds from issuance of common stock, January to April 2019
Cash flows from financing activities
Proceeds from the issuance of common stock			$ 2,602,895
Jaguar Notes Payable
Supplemental schedule of non-cash financing and investing activities
Common stock issued as redemption of notes payable and related interest				1,153,408
Napo convertible debt
Supplemental schedule of non-cash financing and investing activities
Common stock issued as redemption of notes payable and related interest				$ 1,158,738

Organization and Business	6 Months Ended
Organization and Business	Jun. 30, 2019
Organization and Business
Organization and Business	1. Organization and Business Jaguar Health, Inc. (“Jaguar”, “we” or the “Company”), formerly known as Jaguar Animal Health, Inc., was incorporated on June 6, 2013 (inception) in Delaware. The Company was a majority-owned subsidiary of Napo Pharmaceuticals, Inc. (“Napo” or the “Former Parent”) until the close of the Company's initial public offering on May 18, 2015. The Company was formed to develop and commercialize first-in-class gastrointestinal products for companion and production animals and horses. The Company's first commercial product, Neonorm Calf, was launched in 2014 and Neonorm Foal was launched in the first quarter of 2016. The Company's activities are subject to significant risks and uncertainties, including failing to secure additional funding in order to timely complete the development and commercialization of products. On July 31, 2017, Jaguar completed a merger with Napo pursuant to the Agreement and Plan of Merger dated March 31, 2017 by and among Jaguar, Napo, Napo Acquisition Corporation (“Merger Sub”), and Napo's representative (the “Merger Agreement”). In accordance with the terms of the Merger Agreement, upon the completion of the merger, Merger Sub merged with and into Napo, with Napo surviving as our wholly-owned subsidiary (the “Merger” or “Napo Merger”). Immediately following the Merger, Jaguar changed its name from “Jaguar Animal Health, Inc.” to “Jaguar Health, Inc.” Napo now operates as a wholly-owned subsidiary of Jaguar focused on human health and the ongoing commercialization of Mytesi, a Napo drug product approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. The Company manages its operations through two segments—human health and animal health and is headquartered in San Francisco, California. Nasdaq Communication and Compliance On May 13, 2019, the Company received written notice from the Staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Rule”), as of May 8, 2019, and notwithstanding the Company’s compliance with the quantitative criteria necessary to obtain a second 180-day period within which to evidence compliance with the Rule, as set forth in Nasdaq Listing Rule 5810(c)(3)(A), the Staff had determined to delist the Company’s securities from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). On June 21, 2019, the Company received a letter from The Nasdaq Stock Market that the Company has regained compliance with Listing Rule 5450(a)(1), which requires the Company’s common stock to maintain a minimum bid price of $1.00 per share. The notification letter confirmed that the minimum bid price deficiency had been cured and that the Company was in compliance with all applicable listing standards. Nasdaq had previously notified the Company of its non‑compliance with Listing Rule 5450(a)(1) on November 14, 2018, following 30 consecutive business days for which the closing bid price of the Company’s common stock did not meet the $1.00 per share minimum requirement. Reverse stock-splits On May 29, 2018, the Company filed the Certificate of Second Amendment to its Third Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-15 reverse stock split of the Company’s issued and outstanding shares of voting common stock, effective June 1, 2018. The reverse split has been retrospectively reflected in all voting common stock, warrants, and common stock option shares disclosed in these condensed consolidated financial statements. The non-voting common stock and the convertible preferred stock were excluded from the reverse split. On June 3, 2019, the Company filed the Certificate of Fifth Amendment to its Third Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-70 reverse stock split of the Company’s issued and outstanding shares of voting common stock, effective June 7, 2019. The reverse split has been retrospectively reflected in all voting common stock, warrants, and common stock option shares disclosed in these condensed consolidated financial statements. The non-voting common stock and the convertible preferred stock were excluded from the reverse split. Liquidity and Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred recurring operating losses since inception and has an accumulated deficit of $119.6 million as of June 30, 2019. The net loss for the six months ended June 30, 2019 was $25.0 million. The Company expects to incur substantial losses in future periods. Further, the Company's future operations are dependent on the success of the Company's ongoing development and commercialization efforts, as well as securing additional financing. There is no assurance that profitable operations, if ever achieved, could be sustained on a continuing basis. The Company plans to finance its operations and capital funding needs through equity and/or debt financing, collaboration arrangements with other entities, as well as revenue from future product sales. We do not believe our current capital, supplemented by our recent financing of $14.3 million net proceeds, is sufficient to fund our operating plan through one year from August 14, 2019. There can be no assurance that additional funding will be available to the Company on acceptable terms on a timely basis, if at all, or that the Company will generate sufficient cash from operations to adequately fund operating needs or ultimately achieve profitability. If the Company is unable to obtain an adequate level of financing needed for the long-term development and commercialization of its products, the Company will need to curtail planned activities and reduce costs. Doing so will likely have an adverse effect on the Company's ability to execute on its business plan. These matters raise substantial doubt about the ability of the Company to continue in existence as a going concern within one year after the issuance date of the condensed consolidated financial statements. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. Transactions with Oasis Capital On January 7, 2019, Jaguar entered into a common stock purchase agreement with Oasis Capital, relating to an offering of an aggregate of up to 76,190 shares of common stock via an equity line of credit. Under the terms of the purchase agreement, the Company has the right to "put," or sell, up to 76,190 shares of common stock to Oasis Capital for an amount equal to the product of (i) the number of shares set forth on the applicable put notice (minus the deposit and clearing fees associated with such purchase) and (ii) a fixed price of $52.50 per share or such other price agreed upon between the Company and Oasis Capital. Jaguar had the option to increase the equity line of credit by an additional 114,285 shares of common stock by notifying Oasis Capital at any time after the effective date of the purchase agreement. In March 2019, Jaguar exercised this option. As of March 31, 2019, the Company had sold all of the 76,190 shares of common stock of the equity line and all 114,286 shares of common stock from the option to Oasis Capital. In March 2019, Jaguar entered into a securities purchase agreement with Oasis Capital pursuant to which Jaguar agreed to issue and sell, in a registered public offering by Jaguar directly to Oasis, an aggregate of 19,019 shares of common stock at an offering price of $14.00 for gross proceeds of approximately $266,266. On April 1, 2019, the Company entered into another common stock purchase agreement (the “April CSPA”) with Oasis Capital relating to an offering (the “April Equity Line Offering”) of an aggregate of up to 285,714 shares (the “April Purchase Shares”) of the Company’s common stock, all of which are being offered in a primary offering consisting of an equity line of credit. Under the terms of the April CSPA, the Company has the right to “put,” or sell, the April Purchase Shares to Oasis Capital for an amount equal to the product of (i) the number of April Purchase Shares set forth in the applicable put notice (minus the deposit and clearing fees associated with such purchase) and (ii) a fixed price of $19.60 per share or such other price agreed upon between the Company and Oasis Capital. The Company had the option to increase the equity line of credit by an additional 285,714 shares of Common Stock by notifying Oasis Capital at any time after the effective date of the April CSPA. Effective June 14, 2019, we halted all future offers and sales of our voting common stock, par value $0.0001 per share under the April CSPA and terminated the April CSPA. Between April 1, 2019, the date of the April CSPA, and June 14, 2019, we sold an aggregate of 4,843 shares of Common Stock pursuant to the CSPA for aggregate gross proceeds of approximately $100,000. Kingdon Debt Refinancing On May 28, 2019, Jaguar entered into a guaranty and suretyship agreement, pursuant to which it guaranteed payment and performance of all obligations of Napo, arising under and in connection with approximately $10.5 million outstanding aggregate amount of convertible promissory notes issued by Napo pursuant to the Amended and Restated Note Purchase Agreement, dated March 31, 2017, by and between Napo, Kingdon Associates, M. Kingdon Offshore Master Fund L.P., Kingdon Family Partnership, L.P., and Kingdon Credit Master Fund L.P. (collectively, the “Existing Notes”). The Existing Notes bear interest at a rate of 10% per annum and mature on December 31, 2019. On May 28, 2019, Jaguar and Napo (collectively, the “Borrower”) entered into an exchange agreement with Chicago Venture Partners, L.P. (“CVP”), the holder of the Existing Notes, pursuant to which CVP exchanged the Existing Notes for a secured promissory note in the original principal amount of $10,535,900 (“Exchange Note 1”) and a secured promissory note in the original principal amount of $2,296,926 (“Exchange Note 2” and together with Exchange Note 1, the “Exchange Notes”). The Exchange Notes bear interest at the rate of 10% per annum and mature on December 31, 2020. The outstanding balance of Exchange Note 2 is equal to the exchange fee that Jaguar agreed to pay CVP in consideration of certain accommodations granted to Jaguar and Napo, including but not limited to the extension of the maturity dates of the Existing Notes and the legal and other fees incurred by CVP in connection with the effectuation of the transactions contemplated under the Exchange Agreement. Through June 30, 2019, Jaguar has issued 817,863 shares of Common Stock to CVP in exchange for a reduction of approximately $5.1 million of the Exchange Notes. The shares of Common Stock that were exchanged for portions of the Exchange Notes were issued in reliance on the exemption from registration provided under Section 3(a)(9) of the Securities Act. CVP also entered into security agreements with Jaguar (the “Jaguar Security Agreement”) and Napo (the “Napo Security Agreement”, and together with the Jaguar Security Agreement, the “Security Agreements”), pursuant to which CVP will receive (i) a security interest in substantially all of the Company’s assets as security for the Company’s obligations under Exchange Note 2 and (ii) a security interest in substantially all of Napo’s assets as security for Napo’s obligations under Exchange Note 1 and Exchange Note 2. Notwithstanding the foregoing, (a) the amount owing under Exchange Note 2 will not be considered part of the obligations secured by the Napo Security Agreement until such time as Jaguar receives permission from a third party and (b) the security interest granted under the Jaguar Security Agreement will be automatically terminated and released upon Jaguar’s receipt of a waiver from such third party. Exchange of CVP Notes for Common Stock Between January and June 30, 2019, Jaguar entered into exchange agreements with CVP pursuant to which the Company issued 395,970 shares of Common Stock to CVP in exchange for a reduction of $6.4 million in principal and related accrued interest of the CVP Notes (collectively, the June 2017 CVP Note, The December 2017 CVP Note, the February 2018 Note and the March 2018 Note). As of June 30, 2019, all four of the CVP Notes had been entirely extinguished. 2019 Bridge Notes and Warrants Between March and June 30, 2019, Jaguar entered into securities purchase agreements (“the Bridge Notes”) with selected accredited investors, pursuant to which the Company issued $5.1 million in principal amount of short-term promissory notes to such Investors. As an inducement for entering into the Securities Purchase Agreement, each investor also received warrants exercisable into shares of the Company’s common stock. As of June 30, 2019, the net carrying value of the 2019 Bridge Notes was $3,563,068, or principal of $5,050,000 offset by a discount of $1,486,932. 2019 PoC Capital Note and Integrium Contract On June 25, 2019, the Company entered into a securities purchase agreement with a California-based investment group, PoC Capital, LLC. pursuant to which we sold a promissory note as part of the Bridge Notes. Refer to Note 1 Organization and Business under Notes and Warrants Issuance about Bridge Notes. The proceeds of $775,000 was received by the Company subsequent to the signing of the agreement. On June 26, 2019, Jaguar and PoC Capital signed an agreement with Integrium, LLC, a clinical research organization, in support of a study to evaluate the effect of Mytesi on the gastrointestinal microbiome in people living with HIV. The study is being funded by the proceeds the Company received from PoC Capital underlying the Bridge Note. In July 2019, the Company paid Integrium $750,000 as a prepayment for their services and expenses starting on July 1, 2019 through April 16, 2020. The contract is comprised of services fees in the amount of $332,033, investigator grants or site expenses for $162,619, pass-through expenses $239,573 and $15,775 of other expenses. The Company will receive monthly progress reports to validate the expenses against the prepayment. We did not record any expenses related to this transaction during the three and six months ended June 30, 2019.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2019

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Basis of Presentation

The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and on a basis consistent with the annual consolidated financial statements, and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for a fair presentation of the periods presented. These interim financial results are not necessarily indicative of the results to be expected for the year ending December 31, 2019, or for any other future annual or interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2018.

There has been a material change to the Company's significant accounting policies during the three months ended June 30, 2019, as compared to the significant accounting policies described in Note 2 of the “Notes to Condensed Consolidated Financial Statements” in the Company's Annual Report on Form 10-K for the year ended December 31, 2018. The Company adopted ASC 842 “Leases” and implemented a new policy to account for modifications of preferred stock using the model in ASC 470-50.

Principals of Consolidation

The condensed consolidated financial statements have been prepared in accordance with US GAAP and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) and include the accounts of the Company and its wholly owned subsidiary. All inter-company transactions and balances have been eliminated in consolidation.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make judgments, assumptions and estimates that affect the amounts reported in its consolidated financial statements and the accompanying notes. The accounting policies that reflect the Company’s more significant estimates and judgments and that the Company believes are the most critical to aid in fully understanding and evaluating its reported financial results are valuation of stock options; valuation of warrant liabilities; valuation of derivative liability, impairment testing of goodwill, acquired in-process research and development (“IPR&D"), and long lived assets; useful lives for depreciation and amortization; valuation adjustments for excess and obsolete inventory; allowance for doubtful accounts; deferred taxes and valuation allowances on deferred tax assets; evaluation and measurement of contingencies; and recognition of revenue, including estimates for product returns. Those estimates could change, and as a result, actual results could differ materially from those estimates.

Deferred Offering Costs

Deferred offering costs are costs incurred in filings of registration statements with the Securities and Exchange Commission. These deferred offering costs are offset against proceeds received upon the closing of the offerings. Deferred costs of $335,768 as of June 30, 2019, include legal, accounting, printer and filing fees associated with the Company's registration issued in July 2019.

Concentrations

Cash is the financial instrument that potentially subjects the Company to a concentration of credit risk as cash is deposited with a bank and cash balances are generally in excess of Federal Deposit Insurance Corporation insurance limits. The carrying value of cash approximates fair value at June 30, 2019 and December 31, 2018.

For the three and six months ended June 30, 2019 and 2018, substantially all of the Company’s revenue has been derived from the sale of Mytesi. For the three months and six months ended June 30, 2019, the Company earned Mytesi revenue primarily from one pharmaceutical distributor in the United States. For the three and six months ended June 30, 2018, the Company earned Mytesi revenue primarily from three pharmaceutical distributors in the United States, each of whom amounted to a percentage of total net revenue of at least 10%. Revenue earned from each as a percentage of total net revenue is as follows:


Consolidated (percentage of total net sales)	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Customer 1	100	%	34	%	89	%	33	%
Customer 2	—	%	29	%	—	%	30	%
Customer 3	—	%	27	%	—	%	28	%

The Company is subject to credit risk from its accounts receivable related to its sales. The Company generally does not perform evaluations of customers' financial condition and generally does not require collateral. The Company's significant pharmaceutical distributors and their related accounts receivable balance as a percentage of total accounts receivable were as follows:


	As of		As of
	June 30,		June 30,
	2019		2018
Customer 1	99.6	%	*	%
Customer 2	*	%	*	%
Customer 3	*	%	*	%
* Less than 10%

No other customer represented more than 10% of the Company's accounts receivable balances as of those dates.

The Company is subject to credit risk from its inventory suppliers. The Company sources drug substance from a single supplier and drug product from a single supplier.

Fair Values

The Company’s financial instruments include, cash, accounts receivable, accounts payable, warrant liabilities, derivative liability, debt conversion option liability, and debt. The recorded carrying amount of accounts receivable, accounts payable and accrued expenses reflect their fair value due to their short-term nature. The carrying value of the interest-bearing debt approximates fair value based upon the borrowing rates currently available to the Company for bank loans with similar terms and maturities. See Note 3 for the fair value measurements.

Inventories

Inventories are stated at the lower of cost or net realizable value. The Company calculates inventory valuation adjustments when conditions indicate that net realizable value is less than cost due to physical deterioration, usage, obsolescence, reductions in estimated future demand or reduction in selling price. Inventory write-downs are measured as the difference between the cost of inventory and net realizable value.

Land, Property and Equipment

Land is stated at cost, reflecting fair value of the property at July 31, 2017, the date of the Napo merger. Equipment is stated at cost, less accumulated depreciation. Equipment begins to be depreciated when it is placed into service. Depreciation is calculated using the straight-line method over the estimated useful lives of 3 to 10 years.

Expenditures for repairs and maintenance of assets are charged to expense as incurred. Costs of major additions and betterments are capitalized and depreciated on a straight-line basis over their estimated useful lives. Upon retirement or sale, the cost and related accumulated depreciation of assets disposed of are removed from the accounts and any resulting gain or loss is included in the statements of operations and comprehensive loss.

Long-Lived Assets

The Company regularly reviews the carrying value and estimated lives of all of its long-lived assets, including property and equipment to determine whether indicators of impairment may exist that warrant adjustments to carrying values or estimated useful lives. The determinants used for this evaluation include management’s estimate of the asset’s ability to generate positive income from operations and positive cash flow in future periods as well as the strategic significance of the assets to the Company’s business objectives.

Definite-lived intangible assets are amortized on a straight-line basis over the estimated periods benefited, and are reviewed when appropriate for possible impairment.

Goodwill and Indefinite-lived Intangible Assets

Goodwill is tested for impairment on an annual basis and in between annual tests if events or circumstances indicate that an impairment loss may have occurred. The test is based on a comparison of the reporting unit's book value to its estimated fair value. The Company performs the annual impairment test during the fourth quarter of each fiscal year using the opening consolidated balance sheet as of the first day of the fourth quarter, with any resulting impairment recorded in the fourth quarter of the fiscal year. The Company did not record an impairment of goodwill during the three and six months ended June 30, 2019 and 2018.

Acquired in-process research and development (IPR&D) are intangible assets initially recognized at fair value and classified as indefinite-lived assets until the successful completion or abandonment of the associated research and development efforts. During the development period, these assets will not be amortized as charges to earnings; instead these assets will be tested for impairment on an annual basis or more frequently if impairment indicators are identified. In connection with each annual impairment assessment and any interim impairment assessment in which indicators of impairment have been identified, we compare the fair value of the asset as of the date of the assessment with the carrying value of the asset on the condensed consolidated balance sheet. If impairment is indicated by this test, the intangible asset is written down by the amount by which the discounted cash flows expected from the intangible asset exceeds its carrying value. Fair value determinations require considerable judgement and are sensitive to changes in underlying assumptions, estimates regarding our future plans, as well as industry and economic conditions. These assumptions and estimates include projected revenues and income growth rates, terminal growth rates, competitive and consumer trends, market-based discount rates, and other factors. If current expectations of growth rates are not met or market factors outside of our control, such as discount rates, change significantly, this may lead to a further impairment in the future. Acquired in-process research and development (“IPR&D”) are intangible assets initially recognized at fair value and classified as indefinite-lived assets until the successful completion or abandonment of the associated research and development efforts. During the development period, these assets will not be amortized as charges to earnings; instead these assets will be tested for impairment on an annual basis or more frequently if impairment indicators are identified. We recorded an impairment of $4,000,000 in the three and six months ended June 30, 2019. There were no impairment charges recorded in the three and six months ended June 30, 2018. The impairment loss is measured based on the excess of the carrying amount over the asset’s fair value. Definite-lived intangible assets are amortized on a straight-line basis over the estimated periods benefited and are reviewed when appropriate for possible impairment.

Leases

ASC 842, Leases, requires lessees to recognize right-of-use assets and lease liabilities for all leases with a term of greater than 12 months regardless of their classification on the balance sheet and to provide expanded disclosures about leasing arrangements. The Company adopted ASC 842 effective January 1, 2019 using the optional transition method and did not restate comparative periods. There was no effect on accumulated deficit at adoption.

The Company has elected the package of practical expedients to (i) not reassess whether expired or existing contracts are or contain leases, (ii) not reassess the lease classification for any expired or existing leases and (iii) not reassess the accounting for initial direct costs.

The adoption of the new leases standard resulted in the following adjustments to the consolidated balance sheet as of January 1, 2019:


	December 31, 2018		Adoption Impact		January 1, 2019
			(unaudited)
Operating lease right-of-use assets	$	—	$	1,111,214	$	1,111,214
Operating leases liabilities, current portion		—		336,647		336,647
Operating leases liabilities, long term		—		394,703		394,703
Deferred rent		379,864		(379,864)		—

At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present. Operating lease liabilities and their corresponding right-of-use assets are recorded based on the present value of lease payments over the expected lease term. The interest rate implicit in lease contracts is typically not readily determinable. As such, the Company utilizes its incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Certain adjustments to the right-of-use asset may be required for items such as initial direct costs paid or incentives received.

Operating Lease

The Company has a non-cancelable operating lease with CA-Mission Street Limited Partnership for its offices in San Francisco, California through September 1, 2020. The lease agreement calls for monthly base rents between $38,391 and $40,730 over the term of the lease.

Prior to the Company’s adoption of ASC 842 on January 1, 2019, the Company recorded lease expense for its operating leases in accordance with ASC 840.

Research and Development Expense

Research and development expense consists of expenses incurred in performing research and development activities including related salaries, clinical trial and related drug and non-drug product costs, contract services and other outside service expenses. Research and development expense is charged to operating expense in the period incurred.

Revenue Recognition

The Company recognizes revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), which was adopted on January 1, 2018, using the modified retrospective method, which was elected to apply to all active contracts as of the adoption date. Application of the modified retrospective method did not impact amounts previously reported by the Company, nor did it require a cumulative effect adjustment upon adoption, as the Company's method of recognizing revenue under ASC 606 yielded similar results to the method utilized immediately prior to adoption. Accordingly, there was no effect to each financial statement line item as a result of applying the new revenue standard.

Practical Expedients, Elections, and Exemptions

The Company recognizes revenue in accordance with the core principle of ASC 606 or when there is a transfer of control of promised goods or services to customers in an amount that reflects the consideration that the Company expects to be entitled to in exchange for those goods or services.

The Company elected a practical expedient available under ASC 606‑10‑65‑1(f)4 that permits it to consider the aggregate effect of all contract modifications that occurred before the beginning of the earliest period presented when identifying satisfied and unsatisfied performance obligations, transaction price, and allocating the transaction price to the satisfied and unsatisfied performance obligations.

The Company also elected a practical expedient available under ASC 606‑10‑32‑18 that permits it to not adjust the amount of consideration for the effects of a significant financing component if, at contract inception, the expected period between the transfer of promised goods or services and customer payment is one year or less.

The Company has elected to treat shipping and handling activities as fulfillment costs.

Additionally, the Company elected to record revenue net of sales and other similar taxes.

Contracts

Effective January 16, 2019, Napo Pharmaceuticals, Inc. engaged Cardinal Health as its exclusive third party logistics distribution agent for commercial sales for the Company’s Mytesi product and to perform certain other services which include, without limitation, storage, distribution, returns, customer support, financial support, EDI and system access support (the “Exclusive Distribution Agreement”) .

In addition to the terms and conditions of the Exclusive Distribution Agreement, Cardinal Health’s purchase of products, and assumption of title therein, is set forth in the Title Model Addendum. The Title Model Addendum states that upon receipt of product at the 3PL Facility (Cardinal Health in La Vergne, Tennessee) from the Company, title and risk of loss for the Mytesi product purchased by Cardinal Health (excluding consigned inventory) shall pass to Cardinal Health, and title and risk of loss for consigned inventory shall remain with the Company until purchased by Cardinal Health in accordance with the Title Model Addendum. Napo Pharmaceuticals, Inc. considers Cardinal Health the Company’s exclusive customer for Mytesi products per the Exclusive Distribution Agreement.

Jaguar's Neonorm and botanical extract products are primarily sold to distributors, who then sell the products to the end customers. Since 2014, the Company has entered into several distribution agreements with established distributors such as Animart, Vedco, VPI, RJ Matthews, Henry Schein, and Stockmen Supply to distribute the Company's products in the United States, Japan, and China. The distribution agreements and the related purchase order together meet the contract existence criteria under ASC 606‑10‑25‑1. Jaguar sells directly to its customers without the use of an agent.

Performance obligations

For animal products sold by Jaguar Health, the single performance obligation identified above is the Company’s promise to transfer the Company’s animal products to distributors based on specified payment and shipping terms in the arrangement. Product warranties are assurance type warranties that do not represent a performance obligation. For the Company’s human product, Mytesi, which is sold by Napo Pharmaceuticals Inc., the single performance obligation identified above is the Company’s promise to transfer Mytesi to Cardinal Health, the Company’s exclusive distributor for the product, based on specified payment and shipping terms as outlined in the Exclusive Distribution Agreement. The product warranties are assurance type warranties that do not represent a performance obligation.

Transaction price

For both Jaguar and Napo, the transaction price is the amount of consideration to which the Company expects to collect in exchange for transferring promised goods or services to a customer. The transaction price of Mytesi and Neonorm is the Wholesaler Acquisition Cost (“WAC”), net of discounts, returns, and price adjustments.

Allocate transaction price

For both Napo and Jaguar, the entire transaction price is allocated to the single performance obligation contained in each contract.

Point in time recognition

For both Napo and Jaguar, a single performance obligation is satisfied at a point in time, upon the free on board (“FOB”) terms of each contract when control, including title and all risks, has transferred to the customer.

Disaggregation of Product Revenue

Human

Sales of Mytesi are recognized as revenue when the products are delivered to the wholesaler. Revenues from the sale of Mytesi were $1,684,732 and $854,170 for the three months ended June 30, 2019 and 2018, respectively. Revenues from the sale of Mytesi were $3,227,853 and $1,437,439 for the six months ended June 30, 2019 and 2018, respectively. The increase in sales of Mytesi is due to the more streamlined distribution channel and increased sales presence.

Animal

The Company recognized Neonorm revenues of $20,962 and $29,676 for the three months ended June 30, 2019 and 2018, respectively. Revenues from the sale of Neonorm were $67,574 and $73,374 for the six months ended June 30, 2019 and 2018, respectively. Revenues are recognized upon shipment which is when title and control is transferred to the buyer. Sales of Neonorm Calf and Foal to distributors are made under agreements that may provide distributor price adjustments and rights of return under certain circumstances.

Collaboration Revenue

On January 27, 2017, the Company entered into a licensing, development, co-promotion and commercialization agreement with Elanco US Inc. (“Elanco”) to license, develop and commercialize Canalevia, the Company's drug product candidate under investigation for treatment of acute and chemotherapy-induced diarrhea in dogs, and other drug product formulations of crofelemer for treatment of gastrointestinal diseases, conditions and symptoms in cats and other companion animals. On November 1, 2017, the Company received a letter from Elanco serving as formal notice of their decision to terminate the agreement by giving the Company 90 days written notice. According to the agreement, termination became effective on January 30, 2018. Under the terms of the agreement, the Company received revenue of $0 and $177,389 in the six months ended June 30, 2019 and 2018, respectively. There was no revenue recognized in the three months ended June 30, 2019 and 2018.

On September 24, 2018, the Company entered into a Distribution, License and Supply Agreement ("License Agreement") with Knight Therapeutics, Inc. ("Knight"). The License Agreement has a term of 15 years (with automatic renewals) and provides Knight with an exclusive right to commercialize current and future Jaguar human health products (including Crofelemer, Lechlemer, and any product containing a proanthocyanidin or with an anti-secretory mechanism) in Canada and Israel. In addition, Knight was granted a right of first negotiation for expansion to Latin America. Under the License Agreement, Knight is responsible for applying for and obtaining necessary regulatory approvals in the territory of Canada and Israel, as well as marketing, sales and distribution of the licensed products. Knight will pay a transfer price for all licensed products, and upon achievement of certain regulatory and sales milestones, Jaguar may receive payments from Knight in an aggregate amount of up to approximately $18 million payable throughout the initial 15-year term of the agreement. The Company did not have any license revenues in the three months and six months ended June 30, 2019 and 2018.

Comprehensive Income (Loss)

For all periods presented, the comprehensive income (loss) was equal to the net income (loss); therefore, a separate statement of comprehensive income (loss) is not included in the accompanying condensed consolidated financial statements.

Recent Accounting Pronouncements

Except as described in Note 2 – Basis of Presentation, there have been no other new accounting pronouncements adopted by the Company besides the adoption of ASC 842 “Leases” and implementation of a new policy to account for modifications of preferred stock using the model in ASC 470-50 during the three months and six months ended June 30, 2019, that the Company believes are of significance or potential significance to the Company.

In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This update expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under ASC 606. The amendments in ASU 2018-07 are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted. The Company adopted this standard on January 1, 2019, and this standard did not have a material impact on the Company’s financial position, results of operations or disclosures. The Company is evaluating the impact of the adoption of ASU 2016-13 on its Condensed Consolidated Financial Statements.

In August 2018, the FASB issued ASU 2018-15, Intangible - Goodwill and Other - Internal-Use Software (Subtopic 350-40), which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU2018-15 is effective for the Company in the first quarter of 2020. Early adoption is permitted. ASU2018-15 permits either a prospective or retrospective transition approach. The Company is currently evaluating ASU2018-15 to determine the impact to its condensed consolidated financial statements and related disclosures. The Company is evaluating the impact of the adoption of ASU 2016-13 on its Condensed Consolidated Financial Statements.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820). The new guidance modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for the Company beginning in the first quarter of 2020 and must be adopted on a modified retrospective basis, with certain exceptions. Early adoption is permitted. The Company does not expect ASU 2018-13 to have a significant impact to its condensed consolidated financial statements and related disclosures.

Fair Value Measurements

6 Months Ended

Jun. 30, 2019

Fair Value Measurements

Fair Value Measurements

3. Fair Value Measurements

ASC 820 “Fair Value Measurements,” defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:

Level 1— Observable inputs such as quoted prices (unadjusted) for identical instruments in active markets.

Level 2— Observable inputs such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or model derived valuations whose significant inputs are observable.

Level 3— Unobservable inputs that reflect the reporting entity’s own assumptions.

The following tables set forth the fair value of the Company’s financial instruments that were measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018.


		June 30, 2019
	(unaudited)
		Level 1		Level 2		Level 3		Total
Warrant liability		$	—	$	—	$	5,182,273	$	5,182,273
Total fair value		$	—	$	—	$	5,182,273	$	5,182,273


	December 31, 2018
	Level 1		Level 2		Level 3		Total
Warrant liability	$	—	$	—	$	220,376	$	220,376
Total fair value	$	—	$	—	$	220,376	$	220,376

The change in the estimated fair value of Level 3 liabilities is summarized below:


	Six Months Ended
	June 30, 2019
	Warrant
	Liability
	(unaudited)
Beginning fair value of Level 3 liability	$	220,376
Additions		5,122,928
Extinguishment		—
Change in fair value		(161,031)
Ending fair value of Level 3 liability	$	5,182,273

Warrant Liability

The warrants associated with the Level 3 warrant liability were the November 2016 Series A Warrants, the October 2018 Underwriter Warrants, the LOC warrant and the 2019 Bridge Note warrants, which at June 30, 2019 were valued at $1,053, $52,265, $150,970, and $4,977,985, respectively in the Company’s condensed consolidated balance sheet. At December 31, 2018, the warrants associated with the Level 3 warrant liability were the November 2016 Series A Warrants, the October 2018 Underwriter Warrants, which were valued at $7,388 and $212,988, respectively in the Company’s consolidated balance sheet.

The Series A warrant valuation of $7,388 at December 31, 2018 was computed using the Black-Scholes-Merton pricing model using a stock price of $16.10, a strike price of $787.50 per share, an expected term of 3.41 years, volatility of 135.63% and a risk-free discount rate of 2.46%. The Series A warrant valuation of $1,053 at June 30, 2019 was computed using the Black-Scholes-Merton pricing model using a stock price of $4.70, a strike price of $787.50 per share, an expected term of 2.92 years, volatility of 145.60% and a risk-free discount rate of 1.71%. The net change in the fair value of the warrants of $9,941 was recorded as a net loss and $6,335 was recorded as a net gain for the three and six months ended June 30, 2019, respectively, in the change in fair value of warrants, derivative liability and conversion option liability in the condensed statements of operations.

The October 2018 Underwriter Warrants valuation of $212,988 at December 31, 2018 was computed using the Black-Scholes-Merton pricing model using a stock price of $16.10, a strike price of $52.50 per share, an expected term of 4.76 years, volatility of 135.63% and a risk free discount rate of 2.51%. The October 2018 Underwriter Warrants valuation of $52,265 at June 30, 2019 was computed using the Black-Scholes-Merton pricing model using a stock price of $4.70, a strike price of $52.50 per share, an expected term of 4.26 years, volatility of 145.60% and a risk-free discount rate of 1.76%. The net change in the fair value of the warrants of $221,753 and $160,723 for the three and six months ended June 30, 2019, respectively, is recorded as a net gain to in the change in fair value of warrants, derivative liability and conversion option liability in the condensed statements of operations

The LOC Warrants were issued on March 29, 2019 with a valuation at issuance and at March 31, 2019 of $116,297, computed using the Black-Scholes-Merton pricing model using a stock price of $19.60, a strike price of $17.50 per share, an expected term of 5.0 years, volatility of 145.72% and a risk-free discount rate of 2.23%. The LOC Warrants valuation of $150,970 at June 30, 2019 was computed using the Black-Scholes-Merton pricing model using a stock price of $4.70, a strike price of $4.70 per share, an expected term of 4.75 years, volatility of 145.60% and a risk-free discount rate of 1.76%. The net change in the fair value of the warrants of $34,673 for the three and six months ended June 30, 2019 was recorded as a loss in the change in fair value of warrants, derivative liability and conversion option liability in the consolidated statements of operations.

The 2019 Bridge Warrants were issued between March and June 2019, concurrent to the Company entering into Promissory Notes of $5,050,000. The Company issued (i) fourteen Notes with a principal balance of $3,550,000 and warrant coverage at 125% of principal, and (ii) seven Notes with a principal balance of $1,500,000 and warrant coverage at 75% of principal. The exercise price of the warrants is either (i) the price the Company issues common shares in its next public offering subject to a registration statement or (ii) if no such offering is consummated by the four-month maturity date of the Notes, then the exercise price is equal to the closing price of the Company’s common stock on the Notes four-month maturity date. The warrants for all twenty-one Bridge Notes had a collective fair value of $4,977,985 at June 30, 2019, computed using the Black-Scholes-Merton pricing model using a stock price of $4.70, a strike price of $4.70 per share, an expected term of 4.77 years, volatility of 145.60% and a risk-free discount rate of 1.76%. The warrants for all twenty-one Bridge Notes had a collective issuance date fair value of $5,005,742, computed using the Black-Scholes-Merton pricing model using a range of stock prices between $4.84 and $32.90, a range of strike prices between $4.84 and $32.90 per share, an expected term of 5.0 years, a range of volatilities between 145.60% and 145.72%, and a range of risk-free discount rates between 1.76% and 2.23%. The net change in fair value of the warrants of $27,754 for the three and six months ended June 30, 2019 was recorded as a gain in the change in fair value of warrants, derivative liability and conversion option liability in the consolidated statements of operations.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Balance Sheet Components

6 Months Ended

Jun. 30, 2019

Balance Sheet Components

Balance Sheet Components

4. Balance Sheet Components

Goodwill

The change in the carrying amount of goodwill at June 30, 2019 and December 31, 2018 was as follows:


	June 30,
	2019		December 31,
	(unaudited)		2018
Beginning balance	$	—	$	5,210,821
Impairment		—		(5,210,821)
Ending balance	$	—	$	—

Intangible assets

Intangible assets at June 30, 2019 and December 31, 2018 consisted of the following:


	June 30,
	2019		December 31,
	(unaudited)		2018
Developed technology	$	25,000,000	$	25,000,000
Accumulated developed technology amortization		(3,194,445)		(2,361,111)
Developed technology, net		21,805,555		22,638,889
In-process research and development		8,800,000		8,800,000
Impairment		(4,000,000)		—
In process research and development, net		4,800,000		8,800,000
Trademarks		300,000		300,000
Accumulated trademark amortization		(38,333)		(28,333)
Trademarks, net		261,667		271,667
Total intangible assets, net	$	26,867,222	$	31,710,556

In June 2019 the Company determined that In-process research and development was impaired and recorded an impairment loss of $4.0 million in the statements of operations for the three and six months ended June 30, 2019. Amortization expense was $421,667 and $843,334 for the three and six months ended June 30, 2019 and 2018, respectively.

The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of June 30, 2019:


	Amounts
2019 (remaining)	$	871,667
2020		1,743,334
2021		1,743,334
2022		1,736,670
2023		1,666,668
2024		1,666,668
Thereafter		12,638,881
	$	22,067,222

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2019
Related Party Transactions
Related Party Transactions	5. Related Party Transactions Management Services Agreement In March 2018, concurrent with the issuance of the Company’s Series A convertible participating preferred stock to Sagard Capital Partners, the Company entered into a Management Services Agreement with Sagard Capital Partners. Under the agreement, Sagard Partners will provide consulting and management advisory service to the Company from March 2018 through March 2021. These services include assistance with strategic planning regarding the Company’s commercial strategy, research and due diligence regarding human resource activities, and strategic advice in financial matters. In consideration for such services, the Company will pay Sagard Capital Partners an annual fee of $450,000, with total fees over the term of the agreement not to exceed $1,350,000. Letter of Credit To satisfy the letter of credit requirement in the Company’s new office lease agreement, Pacific Capital Management, LLC, one of the Company’s existing shareholders, caused its financial institution to issue a letter of credit in the amount of $475,000 on behalf of the Company, dated August 28, 2018. In consideration of the letter of credit, in August 2018 the Company issued to Capital Management, LLC a warrant to purchase 9,580 shares of the Company’s voting common stock. The warrant is exercisable on or after March 28, 2019 at an exercise price of $49.00 per common share and has a five year term. The $493,688 fair value of the Warrant was classified in stockholders’ equity (see Note 6). 2019 Bridge Notes Between March 18, 2019 and June 26, 2019 the Company entered into short-term Promissory Note Purchase Agreements with certain accredited investors under which the Company issued (i) fourteen Notes with a principal balance of $3,550,000 and warrant coverage at 125% of principal, and (ii) seven Notes with a principal balance of $1,500,000 and warrant coverage at 75% of principal. Collectively, cash proceeds from the twenty-one Promissory Notes (the “Note”) was $5,050,000. The Notes are not convertible and bear interest at 12% with a maturity date of July 18, 2019, at which date all principal and accrued interest are due (see Note 7). Three members of the Board of Directors of the Company had entered into short-term Promissory Note Purchase Agreements with the Company: (i) Lisa Conte, the Company’s CEO & President, (ii) James Bochnowski, and (iii) Jonathan Siegel DBA JBS Healthcare Ventures. As of June 30, 2019, Lisa Conte held a Promissory Note of $100,000 and a warrant exercisable into 15,957 shares of the Company’s common stock; James Bochnowski held a Promissory Note of $350,000 and a warrant exercisable into 93,085 shares of the Company’s common stock; and Jonathan Siegel held Promissory Notes of $75,000 and warrants exercisable into 14,628 shares of the Company’s common stock. In addition, Sagard Capital Partners held a Promissory Note of $500,000 and a warrant exercisable into 79,787 shares of the Company’s common stock; and Jonathan Glaser held a held a Promissory Note of $500,000 and a warrant exercisable into 106,383 shares of the Company’s common stock. In July 2019, Mr. Bochnowski, JBG Ventures, and JBS Healthcare exchanged their outstanding principal and related accrued interest for common stock of the Company.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2019
Commitments and Contingencies
Commitments and Contingencies	6. Commitments and Contingencies On August 28, 2018, the Company entered into an office lease extension agreement for approximately 6,311 square feet of office space in San Francisco, CA. The term of the Lease began on September 1, 2018 and will expire on September 30, 2020, unless earlier terminated in accordance therewith. The monthly base rent under the Lease is as follows: $38,392 for the first twelve months, $39,544 for the subsequent twelve months, and $40,730 for the final month. The Company will also pay an additional monthly amount for the Company’s proportionate share of the building’s operating charges. An existing shareholder provided a standby letter of credit in the amount of $475,000 to the Lessor as collateral for the full performance by the Company of all of its obligations under the Lease. In consideration of the Letter of Credit, the Company issued the existing shareholder a five-year warrant to purchase 9,580 shares of the Company’s voting common stock (see Note 5). The Warrant is exercisable on or after March 28, 2019 at an exercise price of $49.00 per share. The fair value of the warrant was determined to be $493,688 using the Black-Scholes-Merton model with the following criteria: stock price of $58.80 per share, expected life of 5 years, volatility of 132%, risk-free rate of 2.77% and dividend rate of 0%. The $493,688 fair value of the Warrant was classified in stockholders’ equity with an offset to Operating lease – right-of-use asset. Each month, $19,748 of this rent will be recognized as non-cash lease expense. In December 2018, the Company did not meet a covenant per the terms of the $475,000 Letter of Credit, the result of which required the Company to issue a Letter of Credit of $122,000 to the shareholder who issued the original $475,000 letter of credit. In March 2019, the Company canceled the $122,000 letter of credit in lieu of issuing the shareholder a promissory note for that amount in April 2019, as well as issuing the shareholder a warrant (see Note 7). The Company recognizes lease expense on a straight-line basis over the non-cancelable lease period. Lease expense was $191,133 and $362,884 for the three and six months ended June 30, 2019, and $90,278 and $180,556 for the three and six months ended June 30, 2018. Lease expense is included in general and administrative expense in the statements of operations. Asset transfer and transition commitment update On September 25, 2017, Napo entered into the Termination, Asset Transfer and Transition Agreement dated September 22, 2017 with Glenmark Pharmaceuticals Ltd. (“Glenmark”). As a result of the agreement, Napo now controls commercial rights for Mytesi® for all indications, territories and patient populations globally, and also holds commercial rights to the existing regulatory approvals for crofelemer in Brazil, Ecuador, Zimbabwe and Botswana. In exchange, Napo agrees to pay Glenmark 25% of any payment it receives from a third party to whom Napo grants a license or sublicense or with whom Napo partners in respect of, or sells or otherwise transfers any of the transferred assets, subject to certain exclusions, until Glenmark has received a total of $7.0 million. No payments have been made to date. Revenue sharing commitment update On December 14, 2017, the Company announced its entry into a collaboration agreement with Seed Mena Businessmen Services LLC (“SEED”) for Equilevia™, the Company's non-prescription, personalized, premium product for total gut health in equine athletes. According to the terms of the Agreement, the Company will pay SEED 15% of total revenue generated from any clients or partners introduced to the Company by SEED in the form of fees, commissions, payments or revenue received by the Company or its business associates or partners, and the agreed-upon revenue percentage increases to 20% after the first million dollars of revenue. In return, SEED will provide the Company access to its existing UAE (“United Arab Emirates”) network and contacts and assist the Company with any legal or financial requirements. The agreement became effective on December 13, 2017 and will continue indefinitely until terminated by either party pursuant to the terms of the Agreement. Upon termination for any reason, the Company remains obligated to make Revenue Sharing Payments to SEED until the end of 2018. No payments have been made to date. Purchase Commitment As of June 30, 2019, the Company had no material purchase orders to vendors. Legal Proceedings On July 20, 2017, a putative class action complaint was filed in the United States District Court, Northern District of California, Civil Action No. 3:17‑cv‑04102, by Tony Plant (the “Plaintiff”) on behalf of shareholders of the Company who held shares on April 12, 2017 and were entitled to vote at the 2017 Special Shareholders Meeting, against the Company and certain individuals who were directors as of the date of the vote (collectively, the “Defendants”), in a matter captioned Tony Plant v. Jaguar Animal Health, Inc., et al., making claims arising under Section 14(a) and Section 20(a) of the Exchange Act and Rule 14a‑9, 17 C.F.R. § 240.14a‑9, promulgated thereunder by the SEC. The claims alleged false and misleading information provided to investors in the Joint Proxy Statement/Prospectus on Form S‑4 (File No. 333‑217364) declared effective by the Commission on July 6, 2017 related to the solicitation of votes from shareholders to approve the merger and certain transactions related thereto. The Company accepted service of the complaint and summons on behalf of itself and the United States-based director Defendants on November 1, 2017. The Company has not accepted service on behalf of, and Plaintiff has not yet served, the non-U.S.-based director Defendants. On October 3, 2017, Plaintiff filed a motion seeking appointment as lead plaintiff and appointment of Monteverde & Associates PC as lead counsel. That motion was granted. Plaintiff filed an amended complaint against the Company and the United States-based director Defendants on January 10, 2018. The Defendants filed a motion to dismiss on March 12, 2018, for which oral arguments were held on June 14, 2018. The court dismissed the amended complaint on September 20, 2018 but gave Plaintiff leave to amend the complaint within 20 days from the date of dismissal. On October 10, 2018, Plaintiff amended the complaint to focus on the Company’s commercial strategy in support of Equilevia and the related disclosure statements in the Form S-4 described above. On November 6, 2018, the Defendants moved to dismiss the second amended complaint. The Defendants argued in their motion that the second amended complaint fails to state a claim upon which relief can be granted because the omissions and misrepresentations alleged in the complaint are immaterial as a matter of law. The court denied the Defendants’ motion to dismiss on June 28, 2019. The defendants answered the second amended complaint on August 2, 2019. Discovery will now proceed. If the Plaintiff were able to prove his allegations in this matter and to establish the damages he asserts, then an adverse ruling could have a material impact on the Company. Other than as described above, there are currently no claims or actions pending against us, the ultimate disposition of which could have a material adverse effect on our results of operations, financial condition or cash flows. Contingencies From time to time, the Company may be involved in legal proceedings (other than those noted above) arising in the ordinary course of business. The Company believes there is no litigation pending that could have, individually or in the aggregate, a material adverse effect on the financial position, results of operations or cash flows.

Debt and Warrants

6 Months Ended

Jun. 30, 2019

Debt and Warrants

Debt and Warrants

7. Debt and Warrants

Convertible Notes

Convertible notes at June 30, 2019 and December 31, 2018 consist of the following:


	June 30,
	2019		December 31,
	(unaudited)		2018
June 2017 convertible debt	$	—	$	740,882
Napo convertible debt		—		10,553,888
		—		11,294,770
Less: unamortized debt discount and debt issuance costs		—		(55,600)
Net convertible debt obligation	$	—	$	11,239,170
Convertible debt - non-current, net of discount		—		—
Convertible debt - current, net of discount	$	—	$	11,239,170

February 2015 Convertible Note

In February 2015, the Company issued a convertible promissory note to an accredited investor in the aggregate principal amount of $150,000. This note was issued pursuant to the convertible note purchase agreement dated December 23, 2014. In March of 2018, the debtor agreed to accept 1,937 shares of the Company’s common stock as payment for all outstanding principal and interest in the amount of $203,408.

June 2017 Convertible Note

On June 29, 2017, the Company issued a secured convertible promissory note to CVP in the aggregate principal amount of $2,155,000 less an original issue discount of $425,000 and less $30,000 to cover the lender's legal fees for net cash proceeds of $1,700,000 (the “June 2017 Note”). Interest on the outstanding balance will be paid 8% per annum from the purchase price date until the balance is paid in full.

The Note provides for two separate features that result in a derivative liability:

Repayment of mandatory default amount upon an event of default—upon the occurrence of any event of default, the lender may accelerate the Note resulting in the outstanding balance becoming immediately due and payable in cash; and

Automatic increase in the interest rate on and during an event of default—during an event of default, the interest rate will increase to the lesser of 17% per annum or the maximum rate permitted under applicable law.

The Company computed fair values at the date of issuance of $15,000 and $5,000 for the repayment and the interest rate increase feature, respectively, using the Binomial Lattice Model, which was based on the generalized binomial option pricing formula. The $20,000 combined fair value was carved out and was included as a derivative liability on the Balance Sheet. At September 30, 2018, the derivatives were determined to have a de-minimis fair value and were written-off.

On August 2, 2018, the Company and CVP agreed to an amendment extending the maturity date to August 26, 2019, and limiting the aggregate amount that CVP is permitted to redeem on a monthly basis to $500,000, which is the maximum aggregate redemption amount for all notes outstanding with CVP. This amendment resulted in the Company accounting for the transaction as a troubled debt restructuring, under which the carrying amount of the note payable remained unchanged but interest expense is computed using a new effective rate that equates the present value of the future cash payments specified by the new terms with the carrying amount of the note.

Between October 2018 and December 2018, the Company and CVP renegotiated the terms of the June 2017 Note agreement such that CVP agreed not to make any redemptions of the June 2017 Note until March 2019. In consideration of this standstill arrangement, the Company paid CVP a total standstill fee of $499,403 for all four CVP Notes. The standstill fee allocated to the June 2017 Note was $63,296, of which $37,296 increased the principal balance and $26,000 was paid in cash. These restructurings in whole represented four separate restructurings of the June 2017 Convertible Note agreement, resulting in two troubled debt restructurings accounted for under ASC 470-60 and two modifications accounted for under ASC 470-50. For the two modifications resulting in troubled debt restructurings, the changes were accounted for prospectively and a new effective interest rate was determined that equated the present value of the future cash payments specified by the new terms with the carrying amount of the June 2017 Note. For the two modifications that resulted in modification accounting, a new effective rate was determined at the date of modification that equated the revised cash flows to the carrying amount of the Note.

In May 2019, the Company and CVP amended the June 2017 Note agreement such that the Company made three separate exchanges of principal and related accrued interest for shares of the Company’s common stock. The first two exchanges of principal and accrued interest for common stock were not considered a substantial change to the June 2017 Note and therefore resulted in modification accounting and the determination of a new effective interest rate; the third exchange on May 29, 2019 resulted in the extinguishment of the entire June 2017 Note with a corresponding extinguishment loss of $27,176 for the three months ended June 30, 2019. At June 30, 2019 and December 31, 2018, the net carrying value of the June 2017 Note was zero and $685,282, respectively.

Napo Convertible Notes

March 2017 Convertible Notes

In March 2017, Napo entered into an exchangeable Note Purchase Agreement with two lenders for the funding of face amount of $1,312,500 in two $525,000 tranches of face amount $656,250. The notes bear interest at 3% and mature on December 1, 2017. The Company assumed the notes at fair value of $1,312,500 as part of the Napo Merger.

First Amendment to Note Purchase Agreement and Notes

In December 2017, Napo amended the exchangeable note purchase agreement to extend the maturity of the first tranche and second tranche of notes to February 15, 2018 and April 1, 2018, respectively, increase the principal amount by 12%, and reduce the conversion price from $39.20 per share to $14.00 per share. The Company also issued 35,601 shares of common stock to the lenders in connection with this amendment to partially redeem $299,050 from the first tranche of the notes. The amended face value of the notes was $1,170,950. This amendment resulted in the Company treating the notes as having been extinguished and replaced with new notes for accounting purposes due to meeting the 10% cash flow test. The conversion option in the notes was bifurcated and accounted for as a conversion option liability at its fair value.

Second Amendment to Note Purchase Agreement and Notes

On February 16, 2018, Napo amended the exchangeable note purchase agreement to extend the maturity date of the Second Tranche Notes from April 1, 2018 to May 1, 2018. In addition, the Company also issued 54,049 shares of common stock to the Purchasers as repayment of the remaining $435,950 aggregate principal amount and $18,063 in accrued and unpaid interest thereon. On March 23, 2018, the Company paid off the remaining $735,000 of principal and $20,699 in interest due on the second tranche debt in cash with proceeds from the March 23, 2018 equity financing. The fair value of the conversion option liability was again revalued at March 23, 2018 using the Black-Scholes-Merton model using the following criteria: stock price of $14.70 per share, expected life of 0.11 years, volatility of 288.16%, risk free rate of 1.69% and dividend rate of 0%, resulting in an increase of $174,754 to the fair value of the conversion option liability and included in the change in fair value of warrants and conversion option liability in the statements of operations. The underlying debt was paid off in March of 2018 and the $286,595 conversion option liability was written off to other income in the statements of operations.

December 2016 Convertible Notes

In December 2016, Napo entered into a note purchase agreement which provided for the sale of up to $12,500,000 face amount of notes and issued convertible promissory notes (the Napo December 2016 Notes) in the aggregate face amount of $2,500,000 to three lenders and received proceeds of $2,000,000 which resulted in $500,000 of original issue discount. In July 2017, Napo issued convertible promissory notes (the Napo July 2017 Notes) in the aggregate face amount of $7,500,000 to four lenders and received proceeds of $6,000,000 which resulted in $1,500,000 of original issue discount. The Napo December 2016 Notes and the Napo July 2017 Notes mature on December 30, 2019 and bear interest at 10% with interest due each six-month period after December 30, 2016. On June 30, 2017, the accrued interest of $125,338 was added to principal of the Napo December Notes, and the new principal balance became $2,625,338. Interest may be paid in cash or in the stock of Jaguar per terms of the note purchase agreement. In each one year period beginning December 30, 2016, up to one-third of the principal and accrued interest on the notes may be converted into the common stock of the merged entity at a conversion price of $64.75 per share. The Company assumed these convertible notes at fair value of $11,161,000 as part of the Napo Merger. The $1,035,661 difference between the fair value of the notes and the principal balance was being amortized over the twenty-nine (29) month period from July 31, 2017 to December 31, 2019. Interest expense is paid every nine months through the issuance of common stock. On March 16, 2018, $534,775 of interest accrued through January 31, 2018 and $169,950 of certain legal expenses were paid through the issuance of 4,081 shares of the Company's common stock. In August 2018, the Company paid $479,808 of accrued interest through July 31, 2018 with the issuance of 4,582 shares of the Company’s common stock. In January 2019, $446,729 of accrued interest was paid through the issuance of 19,751 shares of the Company's common stock.

Extinguishment and Exchange of the Napo Convertible Notes

In May 2019, in a restructuring of the Notes, Chicago Venture Partners (“CVP”) acquired the Napo December 2016 and Napo July 2017 Notes, as well as all rights thereof, and immediately extinguished the two Notes; in their place, the Company issued to CVP a new note (“Exchange Note 1”). The collective carrying amount of the Napo December 2016 and Napo July 2017 Note immediately before the exchange was $10,375,326, or principal of $10,125,339 and unamortized premium of $249,987. The new Exchange Note 1 had an opening principal balance of $10,535,900, consisting of the $10,125,339 principal balance of the extinguished notes plus $410,562 in accrued but unpaid interest from the Napo December 2016 and Napo July 2017 Notes. At June 30, 2019 and December 31, 2018, the balance of the Napo December 2016 and Napo July 2017 Notes was zero and $10,553,888, respectively.

Notes Payable

Notes payable at June 30, 2019 and December 31, 2018 consist of the following:


	June 30,
	2019		December 31,
	(unaudited)		2018
December 2017 note payable	$	—	$	1,673,237
February 2018 note payable		—		2,359,750
March 2018 note payable		—		1,147,870
March 2019 bridge note payable		5,050,000		—
2019 Exchange Note 1		5,462,716		—
2019 Exchange Note 2		2,296,926		—
		12,809,642		5,180,857
Less: unamortized discount and debt issuance costs		(1,486,932)		(335,282)
Note payable, net	$	11,322,710	$	4,845,575
Notes payable - non-current, net	$	3,563,068	$	—
Notes payable - current, net	$	7,759,642	$	4,845,575

December 2017 Note

On December 8, 2017, the Company entered into a securities purchase agreement with CVP pursuant to which the Company issued a promissory note (the “December 2017 Note”) in the aggregate principal amount of $1,587,500 for an aggregate purchase price of $1,100,000. The December 2017 Note carries an original issue discount of $462,500, and the initial principal balance also includes $25,000 to cover CVP’s transaction expenses. The December 2017 Note bears interest at the rate of 8% per annum and matures on August 26, 2019.

On August 2, 2018, the Company and CVP amended the December 2017 Note agreement, extending the maturity date from September 8, 2018 to August 26, 2019, and limiting the aggregate amount that CVP is permitted to redeem on a monthly basis to $500,000, which amount is the maximum aggregate amount for the CVP Notes collectively. This amendment resulted in the Company accounting for the transaction as a troubled debt restructuring, under which the carrying amount of the note payable remained unchanged but interest expense is computed using a new effective rate that equates the present value of the future cash payments specified by the new terms with the carrying amount of the note. The principal balance of the December 2017 Note is included in notes payable in the current liabilities section of the condensed consolidated balance sheet.

Between October 2018 and December 2018, the Company and CVP renegotiated the terms of the December 2017 Note agreement such that CVP agreed not to make any redemptions of the December 2017 Note until March 2019. In consideration of this standstill arrangement, the Company paid CVP a total standstill fee of $499,403 for all four CVP Notes. The standstill fee allocated to the December 2017 Note was $141,737, of which $85,737 increased the principal balance and $56,000 was paid in cash. These modifications in whole represented four separate restructurings of the December 2017 Note agreement, resulting in two troubled debt restructurings accounted for under ASC 470-60 and two modifications accounted for under ASC 470-50. For the two restructurings resulting in troubled debt restructurings, the changes were accounted for prospectively and a new effective interest rate was determined that equated the present value of the future cash payments specified by the new terms with the carrying amount of the December 2017 Note. For the two modifications that resulted in modification accounting, a new effective rate was determined at the date of modification that equated the revised cash flows to the carrying amount of the December 2017Note.

In March 2019, the Company and CVP amended the December 2017 Note agreement such that the Company prepaid principal and accrued interest of $811,065 and $178,755, respectively, in shares of the Company’s common stock. The exchange of debt for common stock was considered a substantial change to the December 2017 Note and therefore the exchange resulted in extinguishment accounting and a corresponding extinguishment loss of $243,419.

In April 2019, the Company and CVP amended the December 2017 Note agreement such that the Company made two separate exchanges of principal and related accrued interest for shares of the Company’s common stock. The first exchange resulted in changes to cash flows that were considered substantial, resulting in extinguishment accounting with an extinguishment loss of $100,148; the second exchange on April 17, 2019 resulted in the extinguishment of the entire December 2017 Note with a corresponding extinguishment loss of $19,494. At June 30, 2019 and December 31, 2018, the net carrying value of the December 2017 Note was zero and $1,548,829, respectively.

February 2018 Note

On February 26, 2018, the Company entered into a securities purchase agreement with CVP, pursuant to which the Company issued to CVP a promissory note in the aggregate principal amount of $2,240,909 for an aggregate purchase price of $1,560,000 (the “February 2018 Note”). The February 2018 Note carries an original issue discount of $655,909, and the initial principal balance also includes $25,000 to cover CVP's transaction expenses. The February 2018 Note bears interest at the rate of 8% per annum and matures on August 26, 2019.

Between October 2018 and December 2018, the Company and CVP renegotiated the terms of the February 2018 Note agreement such that CVP agreed not to make any redemptions of the February 2018 Note until March 2019. In consideration of this standstill arrangement, the Company paid CVP a total standstill fee of $499,403 for all four CVP Notes. The standstill fee allocated to the February 2018 Note was $198,841, of which $118,841 increased the principal balance and $80,000 was paid in cash. These modifications in whole represented four separate restructurings of the February 2018 Note agreement, resulting in a debt extinguishment accounted for under ASC 470-50, two troubled debt restructurings accounted for under ASC 470-60 and a debt modification accounted for under ASC 470-50. For the debt extinguishment, the Company recorded an extinguishment loss of $102,296. For the two troubled debt restructurings, the changes were accounted for prospectively and a new effective interest rate was determined that equated the present value of the future cash payments specified by the new terms with the carrying amount of the February 2018 Note. For the modification that resulted in modification accounting, a new effective rate was determined at the date of modification that equated the revised cash flows to the carrying amount of the February 2018 Note.

In March 2019, the Company and CVP amended the February 2018 Note agreement such that the Company prepaid principal and accrued interest of $2,044,627 and $203,866, respectively, in shares of the Company’s common stock. The exchange of debt for common stock was considered a substantial change to the February 2018 Note and therefore the exchange resulted in extinguishment accounting and a corresponding extinguishment loss of $487,865.

In April 2019, the Company and CVP amended the February 2018 Note agreement such that the Company made a single exchange of principal and related accrued interest for shares of the Company’s common stock. The first exchange on April 16, 2019 resulted in the extinguishment of the entire February 2018 Note with a corresponding extinguishment loss of $37,740. At June 30, 2019 and December 31, 2018, the net carrying value of the February 2018 Note was zero and $2,290,865, respectively.

March 2018 Note

On March 21, 2018, the Company entered into a securities purchase agreement with CVP, pursuant to which the Company issued to CVP a promissory note in the aggregate principal amount of $1,090,341 for an aggregate purchase price of $750,000 (the “March 2018 Note” and together with the June 2017 Note, the December 2017 Note and the February 2018 Note, the “CVP Notes”). The March 2018 Note carries an original issue discount of $315,341, and the initial principal balance also includes $25,000 to cover CVP's transaction expenses. The March 2018 Note bears interest at the rate of 8% per annum and matures on September 21, 2019.

Between October 2018 and December 2018, the Company and CVP renegotiated the terms of the March 2018 Note agreement such that CVP agreed not to make any redemptions of the March 2018 Note until March 2019. In consideration of this standstill arrangement, the Company paid CVP a total standstill fee of $499,403 for all four CVP Notes. The standstill fee allocated to the March 2018 Note was $95,529, of which $57,529 increased the principal balance and $38,000 was paid in cash. These modifications in whole represented four separate restructurings of the March 2018 Note agreement, resulting in a debt extinguishment accounted for under ASC 470-50, two troubled debt restructurings accounted for under ASC 470-60, and a debt modification accounted for under ASC 470-50. For the debt extinguishment, the Company recorded an extinguishment loss of $223,824. For the two troubled debt restructurings, the changes were accounted for prospectively and a new effective interest rate was determined that equated the present value of the future cash payments specified by the new terms with the carrying amount of the March 2018 Note. For the modification that resulted in modification accounting, a new effective rate was determined at the date of modification that equated the revised cash flows to the carrying amount of the March 2018 Note.

Between January 2019 and March 2019, the Company and CVP amended the March 2018 Note agreement such that the Company prepaid principal and accrued interest of $1,050,114 and $85,681, respectively, in shares of the Company’s common stock. These exchanges in whole represented four separate prepayments of principal and accrued interest, resulting in three debt extinguishments and one debt modification accounted. For the debt extinguishments, the Company recorded an aggregate extinguishment loss of $1,210,676. For the modification, a new effective rate was determined at the date of modification that equated the revised cash flows to the carrying amount of the March 2018 Note. At June 30, 2019, the March 2018 Note had been fully extinguished. At December 31, 2018, the net carrying value of the March 2018 Note was $1,005,880.

2019 Bridge Notes

Between March 18, 2019 and June 26, 2019 the Company entered into Promissory Note Purchase Agreements with certain accredited investors under which the Company issued (i) fourteen promissory notes with a principal balance of $3,550,000 and warrant coverage at 125% of principal, and (ii) seven promissory notes with a principal balance of $1,500,000 and warrant coverage at 75% of principal. Collectively, cash proceeds from the twenty-one promissory notes (collectively, the “Bridge Notes”) was $5,050,000. The Bridge Notes are not convertible and bear interest at 12% with a maturity date of July 18, 2019, at which date all principal and accrued interest are due. The exercise price of the warrants is either (i) the price the Company issues common shares in its next public offering subject to a registration statement or (ii) if no such offering is consummated by the four-month maturity date of the Notes, then the exercise price is equal to the closing price of the Company’s common stock on the Notes four-month maturity date. The warrants for all twenty-one Bridge Notes had an issuance date fair value of $5,005,739 (see Note 3). At June 30, 2019, the net carrying value of the 2019 Bridge Notes was $3,563,068, or principal of $5,050,000 offset by a discount of $1,486,932.

In July 2019, the maturity date of the Bridge Notes was extended from July 18, 2019 to July 31, 2019. On July 19, 2019, upon the Company’s registered offering (see Note 13), the exercise price of the warrants became fixed at the offering price of $2.00. In addition, in July 2019, all the holders of the fourteen Bridge Notes with a principal balance of $3,550,000 and warrant coverage at 125% of principal exchanged their Bridge Notes for shares of the Company’s common stock.

2019 Exchange Notes

In May 2019, the Company and CVP, entered into an Exchange Agreement whereby CVP purchased the two outstanding Napo convertible notes and all rights thereof from the current debt holders. Subject to the terms of the Exchange Agreement, CVP and the Company agreed to exchange the two Napo convertible notes for a single CVP Note (“CVP Exchange Note 1”). At the Exchange date, the principal balance of the two Napo convertible notes was $10,125,339, or $10,535,900 inclusive of accrued but unpaid interest of $410,562. The beginning principal balance of CVP Exchange Note 1 was $10,535,900, or equal to the principal balance of the two Napo convertible notes and accrued interest thereon. The maturity date of CVP Exchange Note 1 was December 31, 2020, with an interest rate of 10%. Per the terms of the Exchange Agreement, CVP agreed to extend the maturity date of CVP Exchange Note 1 from December 31, 2019 (the same maturity date carried over from the two Napo convertible notes ) to December 31, 2020; in consideration of this extension, the Company issued CVP Exchange Note 2 with a principal balance of $2,296,926. The maturity date of CVP Exchange Note 2 was December 31, 2020, with an interest rate of 10%. The exchange of the two outstanding Napo convertible notes for Exchange Note 1 and Exchange Note 2 resulted in the recording of a $2,046,939 loss on extinguishment of debt for the three and six months ended June 30, 2019.

Between May 2019 and June 2019, the Company and CVP entered into note exchange agreements pursuant to which the Company, in lieu of making a cash payment to CVP, made a prepayment of principal and related accrued interest of $5,144,175 by issuing 817,863 shares of the Company’s common stock to CVP. These exchanges of principal and related accrued interest resulted in a debt extinguishment accounted for under ASC 470-50, with the accompanying recording of a loss on extinguishment of $439,978. At June 30, 2019, the net carrying value of Exchange Note 1 and Exchange Note 2 was $7,759,642.

Warrants

A summary of the outstanding warrant shares exercisable into shares of the Company’s common stock as of June 30, 2019 and December 31, 2018 is as follows:


	Six Months Ended		Year Ended
	June 30,		December 31,
	2019		2018
	(unaudited)
Warrants outstanding, beginning balance		34,682		4,590
Issuances		1,203,740		30,951
Expirations and cancellations		(551)		(859)
Warrants outstanding, end of period		1,237,871		34,682

November 2016 Series A Warrants

In November 2016, the Company entered into a Securities Purchase Agreement with certain institutional investors pursuant to which the Company issued an aggregate of 1,587 shares of the Company’s common stock. The investors also received warrants to purchase up to an aggregate of 1,587 shares of the Company’s common stock, at an exercise price of $787.50 per share, and the Placement Agent received warrants to purchase 127 shares of our common stock in lieu of cash for service fees with the same terms as the investors. The Series A warrants and placement agent warrants were initially valued using the Black-Scholes warrant pricing model using the following assumptions: 1,587 warrant shares with a strike price of $787.50 per share and an expiration date of May 29, 2022; and 127 warrant shares to the placement agent with a strike price of $787.50 and an expiration date of May 29, 2022; the expected life was 5.5 years, the volatility was 71.92% and the risk free rate was 1.87%. The warrants had an issuance date fair value of $756,000 and were classified as a liability. As of June 30, 2019 and December 31, 2018, the warrant liability was valued at $1,053 and $7,388, respectively. The net change of $9,941 was recorded as a gain in the Company’s statements of operations (see Note 3) for the three months ended June 30, 2019. The net change of $6,335 was recorded as a gain in the Company’s statements of operations (see Note 3) for the six months ended June 30, 2019.

August 2018 Financing Warrants

In August 2018, in consideration of services provided, the Company issued a warrant to purchase 429 shares of common stock which were exercisable only in the event that the Company raised new financing of at least $3.0 million, and expired five years from the date of issuance. The warrants were valued at $17,582 using the Black-Scholes option pricing model as follows: exercise price of $74.20 per share, stock price of $74.20 per share, expected life of five years, volatility of 126%, and a risk-free rate of 3.83%. The warrants were classified in stockholders’ equity. In October 2018, in a public offering, the Company met the $3.0 million new financing threshold and the warrants became exercisable.

August 2018 License Transaction Warrants

In August 2018, in consideration of services provided, the Company issued a warrant the exercise of which was contingent upon either (i) the Company consummating a Licensing Transaction within six months of August 2018, the occurrence of which would result in the warrant becoming immediately exercisable for 952 shares of common stock, or (ii) the Company consummating a Licensing Transaction after six months and within twelve months of August 2018, the occurrence of which would result in the warrant becoming immediately exercisable for 476 shares of common stock. The warrant was valued at $6,312 using the Black-Scholes option pricing model as follows: exercise price of $74.20 per share, stock price of $74.20 per share, expected life of five years, volatility of 126%, and a risk-free rate of 3.83%. The warrants were classified in stockholders’ equity.

October 2018 Underwriter Warrants

In October 2018, in consideration of services provided leading up to the Company’s October 2018 public offering, the Company issued warrants to various service providers to purchase an aggregate of 17,142 shares of common stock at an exercise price of $52.50 per common share. The warrants were valued at $611,286 using the Black- Scholes option pricing model as follows: exercise price of $52.50 per share, stock price of $41.30 per share, expected life of five years, volatility of 138%, and a risk-free rate of 2.51%. The warrants were classified as liabilities pursuant to ASC 815-40 as there was potential cash settlement. As of June 30, 2019 and December 31, 2018, the warrant liability was valued at $52,265 and $212,988, respectively. The net change of $160,723 was recorded as a gain in the Company’s statements of operations.

March 2019 Ladenburg Warrants

In March 2019, in consideration of services provided in the Company’s March 2019 public offering of 19,019 common shares, the Company issued to Ladenburg Thalmann & Co. warrants to purchase an aggregate of 746 shares of common stock at an exercise price of $17.50 per common share. The warrants were valued at $13,028 using the Black-Scholes option pricing model as follows: exercise price of $17.50 per share, stock price of $18.90 per share, expected life of five years, volatility of 146%, and a risk-free rate of 2.21%. The warrants were classified in stockholders’ equity.

March 2019 LOC Warrants

In March 2019, in consideration of a letter of credit cancellation related to the Company’s office lease, the Company issued a warrant to purchase warrant shares equal to 75% of the $122,000 principal amount of the Letter of Credit, divided by the exercise price. The exercise price is either (i) the price the Company issues common shares in its next public offering subject to a registration statement or (ii) if no such offering is consummated by the four-month maturity date of the warrant, then the exercise price is equal to the closing price of the Company’s common stock on the warrants four-month anniversary date. The warrants were classified as liabilities pursuant to ASC 480-10 as at their issuance date settlement is in a variable number of the Company’s common stock worth a fixed amount, a feature that does not represent a residual interest. The warrants were initially valued at $116,297 using the Black-Scholes option pricing model as follows: exercise price of $17.50 per share, stock price of $19.60 per share, expected life of five years, volatility of 146%, and a risk-free rate of 2.23%. As of June 30, 2019, the warrant had a fair value of $150,970. The net change in fair value of the warrants of $34,673 between their issuance date and June 30, 2019 was recorded as a loss in the Company’s statements of operations.

On July 19, 2019, upon the Company’s registered offering (see Note 13), the exercise price of the warrants became fixed at the offering price of $2.00.

2019 Bridge Note Warrants

Between March 18, 2019 and June 26, 2019, concurrent to the Company entering into Promissory Notes of $5,050,000, the Company issued (i) fourteen Notes with a principal balance of $3,550,000 and warrant coverage at 125% of principal, and (ii) seven Notes with a principal balance of $1,500,000 and warrant coverage at 75% of principal. The exercise price of the warrants is either (i) the price the Company issues common shares in its next public offering subject to a registration statement or (ii) if no such offering is consummated by the four-month maturity date of the Notes, then the exercise price is equal to the closing price of the Company’s common stock on the Notes four-month maturity date. The warrants for all twenty-one Bridge Notes are liability classified, with a collective issuance date fair value of $5,005,739 (see Note 3) computed using the Black-Scholes-Merton pricing model using assumptions derived between the issuance dates of March through June 2019. As of June 30, 2019, the warrants had a fair value of $4,977,985. At March 31, 2019, the warrants had a fair value of $892,713. The net change in fair value of the warrants of $4,085,269 for the three and six months ended March 31, 2019 and June 30, 2019 was due to the addition of new warrants with a fair value of $4,113,026 offset by a $27,757 loss in the fair value of the warrants as measured on June 30, 2019. The gain of $27,757 was recorded in the Company’s statements of operations.

On July 19, 2019, upon the Company’s registered offering (see Note 13), the exercise price of the warrants became fixed at the offering price of $2.00.

Convertible Preferred Stock	6 Months Ended
Convertible Preferred Stock	Jun. 30, 2019
Convertible Preferred Stock
Convertible Preferred Stock	8. Convertible Preferred Stock In March 2018, the Company entered into a stock purchase agreement with Sagard Capital Partners, L.P. pursuant to which the Company, in a private placement, agreed to issue and sell to Sagard 5,524,926 shares of the Company's Series A convertible participating preferred stock, $0.0001 par value per share, for gross proceeds of $9,199,002, or $9,000,002 net of issuance costs. The preferred stock is convertible into approximately 473,565 shares of common stock at the option of the holder at an effective conversion price of $19.425 per share, provided that, at any time prior to the time the Company obtains stockholder approval, as required pursuant to Nasdaq Rule 5635(b) any conversion of Preferred Stock by a holder into shares of the common stock would be prohibited if, as a result of such conversion, the holder, together with such holder's attribution parties, would beneficially own more than 19.99% of the total number of shares of the common stock issued and outstanding after giving effect to such conversion. Subject to certain limited exceptions, the shares of Preferred Stock cannot be offered, pledged or sold by Sagard for one year from the date of issuance. The conversion price is subject to certain adjustments in the event of any stock dividend, stock split, reverse stock split, combination or other similar recapitalization. Holders of the Series A shares are entitled to participate equally and ratably with the holders of common stock shares in all dividends paid and distributions made to the holders of the common stock as if, immediately prior to each record date of the common stock, the shares of Series A then outstanding were converted into shares of common stock. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company or deemed liquidation event, the holders of Series A shares then outstanding shall be entitled to be paid in cash out of the assets of the Company before any payment shall be made to the holders of common stock or shares of any series or class of preferred or other capital stock then outstanding that by its terms is junior to the Series A in respect of the preferences as to distributions and payments upon such liquidation event by reason of their ownership, an amount per share of Series A equal to one times the Series A original issue price. The redemption and liquidation value of the Series A preferred stock is $12,738,822 and $9,199,002, respectively, as of June 30, 2019 and December 31, 2018. If a Redemption Event occurs as of the Measurement Date (the later of April 30, 2021 and the date on which the Company files its Form 10‑Q for the three months ending March 31, 2021, but in no event later than September 30, 2021), the holders of at least a majority of the shares of Series A preferred stock then outstanding may require the Company to redeem all Series A shares at a per share purchase price equal to $2.3057; any one of the following conditions can result in a Redemption Event that is not solely within the Company's control: Revenues attributable to the Mytesi product for the six-month period ended March 31, 2021 are less than $22.0 million or the daily volume weighted average price (“VWAP”) of the Company's common stock on Nasdaq for the 30 days prior to a Measurement Date is less than $105.00. On the March 23, 2018 issuance date, the effective conversion price per share was less than the fair value of the underlying common stock. As a result, the Company determined that there was a Beneficial Conversion Feature (“BCF”) of approximately $995,000. Because the Company's Series A Preferred Stock does not have a stated conversion date and was immediately convertible at the issuance date, the Company recorded a deemed dividend charge of $995,000 for the accretion of the discount on the Series A Preferred Stock. The deemed dividend was a non-cash transaction and is reflected below net loss to arrive at net loss available to common stockholders on the Company's condensed consolidated statements of operations for the three and six months ended June 30, 2018. In March 2019, the Company and Sagard Capital Partners, L.P. amended certain terms of the agreement, such that the effective conversion price was adjusted to $19.425 per share. The Company determined that the amendment represented an immaterial modification. The preferred stock has been classified outside of stockholders' equity/(deficit) in accordance with authoritative guidance for the classification and measurement of potentially redeemable securities.

Stockholders' Equity/(Deficit)

6 Months Ended

Jun. 30, 2019

Stockholders' Equity/(Deficit)

Stockholders' Equity/(Deficit)

9. Stockholders' Equity/(Deficit)

Common Stock

On May 18, 2018, the stockholders of Jaguar approved at the 2018 Annual Meeting of Stockholders of the Company and the Board approved, in accordance with the authority granted by the Company's stockholders at the Annual Meeting, a 1‑for‑15 reverse stock split of the Company’s issued and outstanding shares of common stock. On May 29, 2018, the Company filed the Certificate of Second Amendment to its Third Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the reverse stock split, effective June 1, 2018. The reverse split has been retrospectively reflected in all voting common stock, warrants, and common stock option shares disclosed in these condensed consolidated financial statements. The non-voting common stock and the convertible preferred stock were excluded from the reverse split.

On May 18, 2018, the stockholders of the Company approved at the Annual Meeting a proposal to decrease the number of authorized shares of common stock to 150,000,000 shares, contingent upon the approval of the 2018 Reverse Stock Split. On June 1, 2018, the Company filed a certificate of third amendment (the “Third Amendment”) to its certificate of incorporation, (“COI”), with the Secretary of State of the State of Delaware to decrease the total number of authorized shares of common stock so that the total number of the shares that the Company has authority to issue is 210,000,000 shares, of which 150,000,000 shares are common stock, 50,000,000 are non-voting common stock and 10,000,000 shares are “blank check” preferred stock.

On June 3, 2019, the Company filed the Certificate of Fifth Amendment to its Third Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-70 reverse split of the Company’s voting common stock, effective June 7, 2019. The reverse split has been retrospectively reflected in all voting common stock, warrants, and common stock option shares disclosed in these condensed consolidated financial statements. The non-voting common stock and the convertible preferred stock were excluded from the reverse split.

As of June 30, 2019 and December 31, 2018, the Company had reserved shares of common stock for issuance as follows:


	June 30,	December 31,
	2019	2018
	(unaudited)
Options issued and outstanding	39,481	42,979
Inducement options issued and outstanding	906	2,985
Options available for grant under stock option plans	13,622	2,327
RSU awards issued and outstanding	5,613	5,613
Warrants issued and outstanding	1,237,871	34,682
Convertible notes	—	10,849
Preferred Convertible Stock	473,565	47,357
Total	1,771,058	146,792

Stock Incentive Plans

6 Months Ended

Jun. 30, 2019

Stock Incentive Plans

Stock Incentive Plans

10. Stock Incentive Plans

2013 Equity Incentive Plan

Effective November 1, 2013, the Company's board of directors and sole stockholder adopted the Jaguar Health, Inc. 2013 Equity Incentive Plan (the “2013 Plan”). The 2013 Plan allows the Company's board of directors to grant stock options, restricted stock awards and restricted stock unit awards to employees, officers, directors and consultants of the Company. Following the effective date of the IPO and after effectiveness of any grants under the 2013 Plan that were contingent on the IPO, no additional stock awards will be granted under the 2013 Plan. Outstanding grants continue to be exercisable, however any unissued shares under the plan and any forfeitures of outstanding options do not rollover to the 2014 Stock Incentive Plan. As of June 30, 2019, there were 5,613 options outstanding.

2014 Stock Incentive Plan

In May 2015, the Company adopted the Jaguar Health, Inc. 2014 Stock Incentive Plan (“2014 Plan”). The 2014 Plan provides for the grant of options, restricted stock and restricted stock units to eligible employees, directors and consultants to purchase the Company's common stock. The 2014 Plan provides for automatic share increases on the first day of each fiscal year in the amount of 2% of the outstanding number of shares of the Company's common stock on last day of the preceding calendar year. The final 2% increase under the terms of the 2014 Plan was on January 1, 2019, at which time 7,797 additional available shares were added to the 2014 Plan. In February 2019, the Company shareholders approved a 5-year extension of the annual 2% automatic increase, from January 1, 2020 through January 1, 2024. The 2014 Plan replaced the 2013 Plan except that all outstanding options under the 2013 Plan remain outstanding until exercised, cancelled or expiration. As of June 30, 2019, there were 39,481 options outstanding and 13,622 options available for grant.

Stock Options and Restricted Stock Units (“RSUs”)

The following table summarizes incentive plan activity for the six months ended June 30, 2019 (unaudited):


				Weighted		Weighted Average
	Shares	Stock		Average		Remaining	Aggregate
	Available	Options	RSUs	Stock Option		Contractual Life	Intrinsic
	for Grant	Outstanding	Outstanding	Exercise Price		(Years)	Value*
Outstanding at December 31, 2018	2,327	42,979	5,613	$	406.36	9.24	$	—
Additional shares authorized	7,797	—	—		—	—
Options granted	(69)	69	—		17.24	—		—
Options cancelled	3,567	(3,567)	—		122.50	—		—
Outstanding at June 30, 2019	13,622	39,481	5,613	$	431.51	8.74	$	—
Exercisable at June 30, 2019		18,073		$	597.95	8.59	$	—
Vested and expected to vest at June 30, 2019		38,753		$	431.51	8.74	$	—

*Fair market value of JAGX common stock on June 30, 2019 was $4.70 per share.

The intrinsic value is calculated as the difference between the exercise price of the underlying options and the fair market value of the Company's common stock for options that were in-the-money.

No options were exercised in the six months ended June 30, 2019 and 2018.

The weighted average grant date fair value of stock options granted was $17.05 and $119.00 per share during the six months ended June 30, 2019 and 2018, respectively.

The number of options that vested in the six months ended June 30, 2019 and 2018 was 10,598 and 5,648, respectively. The grant date weighted average fair value of options that vested in the six months ended June 30, 2019 and 2018 was $2,388,019 and $177,862, respectively.

The Company granted 2,993 inducement options in fiscal year 2018 to new employees. The weighted average grant-date fair value of the options was $93.80 per share.

Stock-Based Compensation

The following table summarizes stock-based compensation expense related to stock options, inducement stock options and RSUs for the three and six months ended June 30, 2019 and 2018, and are included in the condensed consolidated statements of operations as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(unaudited)				(unaudited)
Research and development expense	$	148,844	$	145,035	$	215,948	$	224,749
Sales and marketing expense		12,251		18,167		46,093		20,552
General and administrative expense		285,273		301,252		610,835		491,396
Total	$	446,368	$	464,454	$	872,876	$	736,697

As of June 30, 2019, the Company had $1,817,839 of unrecognized stock-based compensation expense for options, inducement options and restricted stock units outstanding, which is expected to be recognized over a weighted-average period of 1.56 years.

The estimated grant-date fair value of stock option grants for the six months ended June 30, 2019 and 2018 was calculated using the Black-Scholes - Merton option-pricing model using the following weighted-average assumptions:


	Six Months Ended
	June 30,
	2019		2018
	(unaudited)
Weighted-average volatility	108.3 - 108.5	%	87.4 - 95.3	%
Weighted-average expected term (years)	5.81		5.1 - 5.8
Risk-free interest rate	2.5 - 2.6	%	2.6 - 2.9	%
Expected dividend yield	—		—

401(k) Plan

The Company sponsors a 401(k) defined contribution plan covering all employees. There were no employer contributions to the plan from plan inception through June 30, 2019.

Net Loss Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2019

Net Loss Per Share Attributable to Common Stockholders

Net Loss Per Share Attributable to Common Stockholders

11. Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted net income (loss) per share of common stock for the periods indicated:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(unaudited)					(unaudited)
Net loss attributable to common shareholders (basic and diluted)	$	(16,721,117)	$	(8,652,183)	$	(25,024,988)	$	(14,348,820)
Shares used to compute net loss per common share, basic and diluted		1,106,374		162,506		801,482		143,012
Net loss per share attributable to common shareholders, basic and diluted	$	(15.11)	$	(53.24)	$	(31.22)	$	(100.33)

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common shares and common share equivalents outstanding for the period. Common stock equivalents are only included when their effect is dilutive. The Company's potentially dilutive securities which include stock options, convertible preferred stock and common stock warrants have been excluded from the computation of diluted net loss per share as they would be anti-dilutive. For all periods presented, there is no difference in the number of shares used to compute basic and diluted shares outstanding due to the Company's net loss position.

The following outstanding common stock equivalents have been excluded from diluted net loss per common share for the six months ended June 30, 2019 and 2018 because their inclusion would be anti-dilutive.


	June 30,	June 30,
	2019	2018
	(unaudited)
Options issued and outstanding	39,481	38,638
Inducement options issued and outstanding	906	2,993
Warrants to purchase common stock	1,237,871	38,582
Restricted stock units	5,613	5,613
Convertible preferred stock	473,565	3,314,956
Convertible debt	—	11,277
Total	1,757,436	3,412,059

Segment Information

6 Months Ended

Jun. 30, 2019

Segment Information

Segment Information

12. Segment Information

Prior to the merger with Napo, the Company managed its operations as a single segment for the purposes of assessing performance and making operating decisions. The Company reorganized its segments to reflect the change in the organizational structure resulting from the merger with Napo. Post-merger, the Company manages its operations through two reportable segments—human health and animal health. The human health segment is focused on developing and commercializing human products and the ongoing commercialization of Mytesi™, which is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. The animal health segment is focused on developing and commercializing prescription and non-prescription products for companion and production animals.

The Company's reportable segments net revenues and net loss for the three and six months ended June 30, 2019 and 2018 consisted of:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(unaudited)				(unaudited)
Revenue from external customers
Human Health	$	1,684,732	$	854,170	$	3,227,853	$	1,437,439
Animal Health		20,962		29,676		67,574		250,763
Consolidated Totals	$	1,705,694	$	883,846	$	3,295,427	$	1,688,202

Segment profit (loss)
Human Health	$	(9,838,061)	$	(4,474,324)	$	(12,630,840)	$	(7,373,630)
Animal Health		(6,883,056)		(3,182,859)		(12,394,148)		(5,980,190)
Consolidated Totals	$	(16,721,117)	$	(7,657,183)	$	(25,024,988)	$	(13,353,820)

The Company's reportable segments assets consisted of the following:


		June 30,		December 31,
	2019		2018
Segment assets
Human Health	$	32,764,376	$	37,985,935
Animal Health		60,015,816		54,893,593
Total	$	92,780,192	$	92,879,528

The reconciliation of segments assets to the consolidated assets is as follows:
		June 30,		December 31,
	2019		2018
Total assets for reportable segments		92,780,192		92,879,528
Less: Investment in subsidiary		(29,240,965)		(29,240,965)
Less: Intercompany loan		(27,472,280)		(22,596,618)
Consolidated Totals	$	36,066,947	$	41,041,945

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2019
Subsequent Events
Subsequent Events	13. Subsequent Events Underwritten Public Offering On July 19, 2019, the Company announced the pricing of a registered public offering by the Company. On July 23, 2019, we closed an underwritten public offering of units for gross proceeds of $16.56 million, which includes the full exercise of the underwriter's over-allotment option to purchase additional shares and warrants, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company. Proceeds from the offering will be used to fund advancement of the Company’s pipeline and business development activities, repay outstanding debt and for working capital and other general corporate purposes. The offering was comprised of (1) 2,886,500 Class A Units, priced at a public offering price of $2.00 per unit, with each unit consisting of (i) one share of the Company’s voting common stock (the “Common Stock”), (ii) one Series 1 warrant to purchase one share of Common Stock that expires on the earlier of (a) 5 years from the date of issuance and (b) 30 calendar days following the public announcement of Positive Interim Results (as defined in the Registration Statement) related to the diarrhea results from the HALT-D investigator initiated trial, if and only if certain trading benchmarks are achieved during such 30 calendar day period (the “Series 1 Warrants”), and (iii) one Series 2 warrant to purchase one share of Common Stock that expires on the first date on the earlier of (a) 5 years from the date of issuance and (b) 30 calendar days following the public announcement by the Company that a pivotal phase 3 clinical trial using crofelemer (Mytesi®, or the same or similar product with a different name) for the treatment of cancer therapy-related diarrhea in humans has met its primary endpoint in accordance with the protocol, if and only if certain trading benchmarks are achieved during such 30 calendar day period (the “Series 2 Warrants”), and (2) 10,787 Class B Units, priced at a public offering price of $1,000 per unit, with each unit consisting of (i) one share of Series B convertible preferred stock, convertible into 500 shares of Common Stock (the “Series B preferred stock”), (ii) 500 Series 1 Warrants and (iii) 500 Series 2 Warrants. The Series 1 Warrants and Series 2 Warrants (together, the “warrants”) have an exercise price of $2.00 and will be exercisable upon issuance for a period of five years unless terminated earlier as provided above. The aggregate number of shares of Common Stock issued pursuant to the Class A Units and issuable upon conversion of all the Series B preferred stock is 8,280,000. The aggregate number of warrants issued in the offering is 16,560,000. The conversion price of the Series B preferred stock issued in the transaction as well as the exercise price of the warrants are fixed and do not contain any variable pricing features or any price-based anti-dilutive features. The preferred stock issued in the transaction includes a beneficial ownership blocker and has no dividend rights (except to the extent that dividends are also paid on the Common Stock) or liquidation preference, and, subject to limited exceptions, has no voting rights. The securities comprising the units were immediately separable and issued separately. A total of 2,886,500 shares of common stock, 10,787 shares of Series B convertible preferred stock, Series 1 warrants to purchase up to 8,280,000 shares of common stock and Series 2 warrants to purchase up to 8,280,000 shares of common stock were issued in the offering, including the full exercise of the over-allotment option. Series B Convertible Preferred Stock On July 22, 2019, the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock (the “Series B Certificate of Designation”) with the Secretary of State of the State of Delaware creating a new series of authorized preferred stock of the Company, par value $0.0001 per share, designated as the “Series B Convertible Preferred Stock” (the “Series B Preferred Stock”). The shares of Series B Preferred Stock rank on par with the shares of the Common Stock, in each case, as to dividend rights and distributions of assets upon liquidation, dissolution or winding up of the Company. With certain exceptions, as described in the Series B Certificate of Designation, the shares of Series B Preferred Stock have no voting rights. However, as long as any shares of Series B Preferred Stock remain outstanding, the Series B Certificate of Designation provides that the Company shall not, without the affirmative vote of holders of a majority of the then outstanding shares of Series B Preferred Stock, (a) alter or change adversely the powers, preferences or rights given to the Series B Preferred Stock or alter or amend the Series B Certificate of Designation or (b) enter into any agreement with respect to any of the foregoing. Each share of Series B Preferred Stock is convertible at any time at the holder’s option into 500 shares of Common Stock, which conversion ratio will be subject to adjustment for stock splits, stock dividends, distributions, subdivisions and combinations and other similar transactions as specified in the Series B Certificate of Designation. Notwithstanding the foregoing, the Series B Certificate of Designation further provides that the Company shall not effect any conversion of the shares of Series B Preferred Stock, with certain exceptions, to the extent that, after giving effect to an attempted conversion, the holder of shares of Series B Preferred Stock (together with such holder’s affiliates and any persons acting as a group together with such holder or any of such holder’s affiliates) would beneficially own a number of shares of Common Stock in excess of 4.99% (or 9.99% at the election of the holder prior to the date of issuance of Series B Preferred Stock) of the shares of Common Stock then outstanding. At the holder’s option, upon notice to the Company, the holder may increase or decrease this beneficial ownership limitation not to exceed 9.99% of the shares of Common Stock then outstanding, with any such increase becoming effective upon 61 days’ prior notice to the Company. Amendment of 2014 Stock Incentive Plan At the Company’s annual meeting of stockholders held on May 24, 2019, the Company’s stockholders approved an amendment to the Company’s 2014 Stock Incentive Plan to increase the number of shares of the Company’s common stock authorized for issuance under the 2014 Plan such that the aggregate authorized but unissued shares available for issuance under the 2014 Plan would be equal to 12.5% of the issued and outstanding shares of Common Stock on a fully diluted basis including for purposes of this calculation as if such shares available under the 2014 Plan were included in the denominator (and assuming conversion or exercise, as applicable, of all outstanding convertible securities, including but not limited to conversion of the Company’s Series A Convertible Participating Preferred Stock and Series B Convertible Preferred Stock into shares of Common Stock, all issued and outstanding warrants, RSUs and stock options (whether issued under or outside the 2014 Plan and the like)), calculated as of the earlier of (i) the day immediately after the consummation of the Company’s next underwritten public equity offering with gross proceeds of $5 million or more or (ii) July 31, 2019 (collectively, the “Calculation Date”). The Calculation Date occurred on July 24, 2019. On the Calculation date, the total number of issued and outstanding shares of Common Stock on a fully diluted basis was 30,404,653 shares. Accordingly, the total number of shares of Common Stock approved for issuance under the 2014 Plan was 4,330,400 shares. Sales force reduction In August 2019, we had a reduction in force of up to 10 sales representatives, constituting half of the Company’s sales force. It is part of an overall plan to consolidate sales territories and expenses in line with revenues, drive efficiencies, cost savings throughout the Company, and organize the Company’s top priorities. The Company plans to reinvest in research and development activities and foster partnerships to drive growth. The separation agreements include severance payments of approximately $120,000 in aggregate.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2019

Summary of Significant Accounting Policies

Basis of Presentation

Principals of Consolidation

Use of Estimates

Deferred Offering Costs

Concentrations


Consolidated (percentage of total net sales)	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Customer 1	100	%	34	%	89	%	33	%
Customer 2	—	%	29	%	—	%	30	%
Customer 3	—	%	27	%	—	%	28	%


	As of		As of
	June 30,		June 30,
	2019		2018
Customer 1	99.6	%	*	%
Customer 2	*	%	*	%
Customer 3	*	%	*	%
* Less than 10%

No other customer represented more than 10% of the Company's accounts receivable balances as of those dates.

The Company is subject to credit risk from its inventory suppliers. The Company sources drug substance from a single supplier and drug product from a single supplier.

Fair Values

Inventories

Land, Property and Equipment

Long-Lived Assets

Definite-lived intangible assets are amortized on a straight-line basis over the estimated periods benefited, and are reviewed when appropriate for possible impairment.

Goodwill and Indefinite-lived Intangible Assets

Leases

The adoption of the new leases standard resulted in the following adjustments to the consolidated balance sheet as of January 1, 2019:


	December 31, 2018		Adoption Impact		January 1, 2019
			(unaudited)
Operating lease right-of-use assets	$	—	$	1,111,214	$	1,111,214
Operating leases liabilities, current portion		—		336,647		336,647
Operating leases liabilities, long term		—		394,703		394,703
Deferred rent		379,864		(379,864)		—

Operating Lease

Prior to the Company’s adoption of ASC 842 on January 1, 2019, the Company recorded lease expense for its operating leases in accordance with ASC 840.

Research and Development Expense

Revenue Recognition

Practical Expedients, Elections, and Exemptions

The Company has elected to treat shipping and handling activities as fulfillment costs.

Additionally, the Company elected to record revenue net of sales and other similar taxes.

Contracts

Performance obligations

Transaction price

Allocate transaction price

For both Napo and Jaguar, the entire transaction price is allocated to the single performance obligation contained in each contract.

Point in time recognition

Disaggregation of Product Revenue

Human

Animal

Collaboration Revenue

Comprehensive Income (Loss)

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of adoption of the new leases standard


	December 31, 2018		Adoption Impact		January 1, 2019
			(unaudited)
Operating lease right-of-use assets	$	—	$	1,111,214	$	1,111,214
Operating leases liabilities, current portion		—		336,647		336,647
Operating leases liabilities, long term		—		394,703		394,703
Deferred rent		379,864		(379,864)		—

Customer risk | Total net revenue

Schedule of concentration risk


Consolidated (percentage of total net sales)	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Customer 1	100	%	34	%	89	%	33	%
Customer 2	—	%	29	%	—	%	30	%
Customer 3	—	%	27	%	—	%	28	%

Credit risk | Total accounts receivable

Schedule of concentration risk


	As of		As of
	June 30,		June 30,
	2019		2018
Customer 1	99.6	%	*	%
Customer 2	*	%	*	%
Customer 3	*	%	*	%
* Less than 10%

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Measurements

Summary of information about the derivative, conversion option and warrant liabilities that were measured at fair value on a recurring basis


		June 30, 2019
	(unaudited)
		Level 1		Level 2		Level 3		Total
Warrant liability		$	—	$	—	$	5,182,273	$	5,182,273
Total fair value		$	—	$	—	$	5,182,273	$	5,182,273


	December 31, 2018
	Level 1		Level 2		Level 3		Total
Warrant liability	$	—	$	—	$	220,376	$	220,376
Total fair value	$	—	$	—	$	220,376	$	220,376

Summary of change in the estimated fair value of level 3 liabilities


	Six Months Ended
	June 30, 2019
	Warrant
	Liability
	(unaudited)
Beginning fair value of Level 3 liability	$	220,376
Additions		5,122,928
Extinguishment		—
Change in fair value		(161,031)
Ending fair value of Level 3 liability	$	5,182,273

Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2019

Balance Sheet Components

Schedule of change in the carrying amount of goodwill


	June 30,
	2019		December 31,
	(unaudited)		2018
Beginning balance	$	—	$	5,210,821
Impairment		—		(5,210,821)
Ending balance	$	—	$	—

Schedule of intangible assets


	June 30,
	2019		December 31,
	(unaudited)		2018
Developed technology	$	25,000,000	$	25,000,000
Accumulated developed technology amortization		(3,194,445)		(2,361,111)
Developed technology, net		21,805,555		22,638,889
In-process research and development		8,800,000		8,800,000
Impairment		(4,000,000)		—
In process research and development, net		4,800,000		8,800,000
Trademarks		300,000		300,000
Accumulated trademark amortization		(38,333)		(28,333)
Trademarks, net		261,667		271,667
Total intangible assets, net	$	26,867,222	$	31,710,556

Schedule of estimated future amortization expense of intangible assets with finite lives


	Amounts
2019 (remaining)	$	871,667
2020		1,743,334
2021		1,743,334
2022		1,736,670
2023		1,666,668
2024		1,666,668
Thereafter		12,638,881
	$	22,067,222

Debt and Warrants (Tables)

6 Months Ended

Jun. 30, 2019

Debt and Warrants

Schedule of aggregate convertible debt


	June 30,
	2019		December 31,
	(unaudited)		2018
June 2017 convertible debt	$	—	$	740,882
Napo convertible debt		—		10,553,888
		—		11,294,770
Less: unamortized debt discount and debt issuance costs		—		(55,600)
Net convertible debt obligation	$	—	$	11,239,170
Convertible debt - non-current, net of discount		—		—
Convertible debt - current, net of discount	$	—	$	11,239,170

Schedule of notes payable


	June 30,
	2019		December 31,
	(unaudited)		2018
December 2017 note payable	$	—	$	1,673,237
February 2018 note payable		—		2,359,750
March 2018 note payable		—		1,147,870
March 2019 bridge note payable		5,050,000		—
2019 Exchange Note 1		5,462,716		—
2019 Exchange Note 2		2,296,926		—
		12,809,642		5,180,857
Less: unamortized discount and debt issuance costs		(1,486,932)		(335,282)
Note payable, net	$	11,322,710	$	4,845,575
Notes payable - non-current, net	$	3,563,068	$	—
Notes payable - current, net	$	7,759,642	$	4,845,575

Summary of warrant activity


	Six Months Ended		Year Ended
	June 30,		December 31,
	2019		2018
	(unaudited)
Warrants outstanding, beginning balance		34,682		4,590
Issuances		1,203,740		30,951
Expirations and cancellations		(551)		(859)
Warrants outstanding, end of period		1,237,871		34,682

Stockholders' Equity/(Deficit) (Tables)

6 Months Ended

Jun. 30, 2019

Stockholders' Equity/(Deficit)

Schedule of common reserved shares of common stock for issuance


	June 30,	December 31,
	2019	2018
	(unaudited)
Options issued and outstanding	39,481	42,979
Inducement options issued and outstanding	906	2,985
Options available for grant under stock option plans	13,622	2,327
RSU awards issued and outstanding	5,613	5,613
Warrants issued and outstanding	1,237,871	34,682
Convertible notes	—	10,849
Preferred Convertible Stock	473,565	47,357
Total	1,771,058	146,792

Stock Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2019

Stock Based Compensation

Summary of incentive plan activity


				Weighted		Weighted Average
	Shares	Stock		Average		Remaining	Aggregate
	Available	Options	RSUs	Stock Option		Contractual Life	Intrinsic
	for Grant	Outstanding	Outstanding	Exercise Price		(Years)	Value*
Outstanding at December 31, 2018	2,327	42,979	5,613	$	406.36	9.24	$	—
Additional shares authorized	7,797	—	—		—	—
Options granted	(69)	69	—		17.24	—		—
Options cancelled	3,567	(3,567)	—		122.50	—		—
Outstanding at June 30, 2019	13,622	39,481	5,613	$	431.51	8.74	$	—
Exercisable at June 30, 2019		18,073		$	597.95	8.59	$	—
Vested and expected to vest at June 30, 2019		38,753		$	431.51	8.74	$	—

*Fair market value of JAGX common stock on June 30, 2019 was $4.70 per share.

Summary of stock-based compensation expense


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(unaudited)				(unaudited)
Research and development expense	$	148,844	$	145,035	$	215,948	$	224,749
Sales and marketing expense		12,251		18,167		46,093		20,552
General and administrative expense		285,273		301,252		610,835		491,396
Total	$	446,368	$	464,454	$	872,876	$	736,697

Employee stock options

Stock Based Compensation

Schedule of estimated grant-date fair value of stock options calculated using the Black-Scholes option-pricing model


	Six Months Ended
	June 30,
	2019		2018
	(unaudited)
Weighted-average volatility	108.3 - 108.5	%	87.4 - 95.3	%
Weighted-average expected term (years)	5.81		5.1 - 5.8
Risk-free interest rate	2.5 - 2.6	%	2.6 - 2.9	%
Expected dividend yield	—		—

Net Loss Per Share Attributable to Common Stockholders (Tables)

6 Months Ended

Jun. 30, 2019

Net Loss Per Share Attributable to Common Stockholders

Schedule of calculation of basic and diluted net income (loss) per common share


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(unaudited)					(unaudited)
Net loss attributable to common shareholders (basic and diluted)	$	(16,721,117)	$	(8,652,183)	$	(25,024,988)	$	(14,348,820)
Shares used to compute net loss per common share, basic and diluted		1,106,374		162,506		801,482		143,012
Net loss per share attributable to common shareholders, basic and diluted	$	(15.11)	$	(53.24)	$	(31.22)	$	(100.33)

Schedule of common stock equivalents excluded from the calculation of diluted net loss per common share


	June 30,	June 30,
	2019	2018
	(unaudited)
Options issued and outstanding	39,481	38,638
Inducement options issued and outstanding	906	2,993
Warrants to purchase common stock	1,237,871	38,582
Restricted stock units	5,613	5,613
Convertible preferred stock	473,565	3,314,956
Convertible debt	—	11,277
Total	1,757,436	3,412,059

Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Information

Schedule of reportable segments net revenue and net loss


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
	(unaudited)				(unaudited)
Revenue from external customers
Human Health	$	1,684,732	$	854,170	$	3,227,853	$	1,437,439
Animal Health		20,962		29,676		67,574		250,763
Consolidated Totals	$	1,705,694	$	883,846	$	3,295,427	$	1,688,202

Segment profit (loss)
Human Health	$	(9,838,061)	$	(4,474,324)	$	(12,630,840)	$	(7,373,630)
Animal Health		(6,883,056)		(3,182,859)		(12,394,148)		(5,980,190)
Consolidated Totals	$	(16,721,117)	$	(7,657,183)	$	(25,024,988)	$	(13,353,820)

Schedule of reconciliation of segments assets to the consolidated assets


		June 30,		December 31,
	2019		2018
Segment assets
Human Health	$	32,764,376	$	37,985,935
Animal Health		60,015,816		54,893,593
Total	$	92,780,192	$	92,879,528

The reconciliation of segments assets to the consolidated assets is as follows:
		June 30,		December 31,
	2019		2018
Total assets for reportable segments		92,780,192		92,879,528
Less: Investment in subsidiary		(29,240,965)		(29,240,965)
Less: Intercompany loan		(27,472,280)		(22,596,618)
Consolidated Totals	$	36,066,947	$	41,041,945

Organization and Business - (Details)	6 Months Ended
Organization and Business - (Details)	Jun. 30, 2019 segment
Organization and Business
Number of operations segments	2

Organization and Business - Reverse stock-split and Liquidity (Details)	Jun. 03, 2019	May 29, 2019	May 18, 2018
Organization and Business
Reverse stock split ratio	0.015	0.0667	0.0667

Organization and Business - Liquidity and Going Concern (Details)			1 Months Ended	2 Months Ended	3 Months Ended			6 Months Ended
	Apr. 01, 2019 $ / shares shares	Jan. 07, 2019 $ / shares shares	Jun. 30, 2019 USD ($) NotesSeries $ / shares shares	Jun. 14, 2019 USD ($) $ / shares shares	Jun. 30, 2019 USD ($) NotesSeries $ / shares	Mar. 31, 2019 USD ($) $ / shares shares	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) NotesSeries $ / shares shares	Jun. 30, 2018 USD ($)	May 28, 2019 USD ($)	Dec. 31, 2018 USD ($)
Accumulated deficit			$ (119,575,767)		$ (119,575,767)			$ (119,575,767)			$ (94,550,779)
Net Income (Loss) Attributable to Parent					$ (16,721,117)		$ (7,657,183)	(25,024,988)	$ (13,353,820)
Net proceeds from financing								14,300,000
Amount of shares issued									2,259,282
Par value (per share) \| $ / shares				$ 0.0001
Reimbursement of expense								$ 3,000
Convertible debt											11,239,170
Issuance of common stock in exchange for redemption of convertible debt							$ 203,408		$ 1,404,013
Series A convertible participating preferred stock
Redemption price per share \| $ / shares			$ 2.3057		$ 2.3057			$ 2.3057
Chicago Venture Partners, L.P.
Convertible debt											$ 499,403
CVP Notes
Issuance of common stock in exchange for redemption of convertible debt					$ 2,151,050			$ 8,224,923
Convertible promissory notes
Convertible debt										$ 10,500,000
Existing Notes
Interest rate (as a percent)										10.00%
Existing Notes \| Chicago Venture Partners, L.P.
Issuance of common stock in exchange for redemption of convertible debt (in shares) \| shares			817,863
Issuance of common stock in exchange for redemption of convertible debt			$ 5,100,000
Exchange Notes
Convertible debt			$ 7,759,642		$ 7,759,642			$ 7,759,642
Interest rate (as a percent)										10.00%
Securities purchase agreement
Price per share \| $ / shares	$ 19.60	$ 52.50
Issuance of common stock (In shares) \| shares				4,843
Amount of shares issued				$ 100,000
Securities purchase agreement \| Registered Direct Offering
Price per share \| $ / shares						$ 14.00
Gross proceeds from issuance						$ 266,266
Issuance of common stock (In shares) \| shares						19,019
Securities purchase agreement \| Original Equity Line Offering [Member]
Number of shares authorized to issue \| shares	285,714	76,190				76,190
Number of shares offered \| shares		76,190
Number of additional shares authorized \| shares	285,714	114,285
Issuance of common stock (In shares) \| shares		114,286
Exchange Agreement \| Existing Notes \| Chicago Venture Partners, L.P.
Issuance of common stock in exchange for redemption of convertible debt (in shares) \| shares								395,970
Issuance of common stock in exchange for redemption of convertible debt								$ 6,400,000
Number of notes extinguished \| NotesSeries			4		4			4

Organization and Business - 2019 Bridge Notes and Warrants (Details) - USD ($)	Jun. 30, 2019	May 31, 2019	Feb. 28, 2015
Notes payable			$ 150,000
2019 Bridge Notes and Warrants
Notes payable	$ 5,050,000
Convertible Notes, Carrying Amount	3,563,068
Convertible Notes Payable, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$ 1,486,932
2019 Bridge Notes and Warrants \| Investors
Notes payable		$ 5,100,000

Organization and Business - 2019 PoC Capital Note and Integrium Contract (Details) - USD ($)		1 Months Ended	6 Months Ended
	Jun. 25, 2019	Jul. 31, 2019	Jun. 30, 2019
Proceeds from issuance of short-term notes payable			$ 5,050,000
Securities purchase agreement
Proceeds from issuance of short-term notes payable	$ 775,000
Integrium, LLC
Prepayment of services		$ 750,000
Service fee		332,033
Investigator grants		162,619
Pass-through expenses		239,573
Other expenses		$ 15,775

Summary of Significant Accounting Policies - Deferred Offering Costs (Details)	Jun. 30, 2019 USD ($)
Deferred Financing Costs
Deferred offering costs	$ 335,768

Summary of Significant Accounting Policies - Concentrations (Details) - item	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Total net revenue \| Customer 1
Concentrations
Concentration risk (as a percentage)	100.00%	34.00%	89.00%	33.00%
Total net revenue \| Customer 2
Concentrations
Concentration risk (as a percentage)		29.00%		30.00%
Total net revenue \| Customer 3
Concentrations
Concentration risk (as a percentage)		27.00%		28.00%
Total net revenue \| Customer risk \| One major pharmaceutical distributors
Concentrations
Number of major distributors	1		1
Total net revenue \| Customer risk \| Three major pharmaceutical distributors
Concentrations
Number of major distributors		3		3
Total net revenue \| Customer risk \| Three major pharmaceutical distributors \| Minimum
Concentrations
Concentration risk (as a percentage)			10.00%
Total accounts receivable \| Customer 1
Concentrations
Concentration risk (as a percentage)			99.60%

Summary of Significant Accounting Policies - Leases (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease - right-of-use asset	$ 905,711
Operating leases liabilities, current portion	425,755
Operating leases liabilities, long term	116,328
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Monthly base rents	38,391
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Monthly base rents	40,730
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease - right-of-use asset	1,111,214
Operating leases liabilities, current portion	336,647
Operating leases liabilities, long term	394,703
Deferred rent		$ 379,864
Adoption Impact \| ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease - right-of-use asset	1,111,214
Operating leases liabilities, current portion	336,647
Operating leases liabilities, long term	394,703
Deferred rent	$ (379,864)

Summary of Significant Accounting Policies - Goodwill and Indefinite-lived Intangible Assets (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Goodwill impairment charges
Impairment of indefinite-lived intangible assets	$ 4,000,000	$ 0	$ 4,000,000	$ 0
Equipment \| Minimum
Goodwill
Estimated useful lives			3 years
Equipment \| Maximum
Goodwill
Estimated useful lives			10 years

Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Product Revenue
Practical Expedients, not disclose the value of unsatisfied performance obligations			true
Mytesi
Disaggregation of Product Revenue
Product revenue	$ 1,684,732	$ 854,170	$ 3,227,853	$ 1,437,439
Neonorm
Disaggregation of Product Revenue
Product revenue	$ 20,962	$ 29,676	$ 67,574	$ 73,374

Summary of Significant Accounting Policies - Revenue Recognition - Collaboration Revenue (Details) - USD ($)			3 Months Ended		6 Months Ended
	Sep. 24, 2018	Nov. 01, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Collaboration Revenue
Written notice period (in days)		90 days
Revenues			$ 1,705,694	$ 883,846	$ 3,295,427	$ 1,688,202
Elanco
Collaboration Revenue
Collaboration revenue			0	0	0	177,389
Knight
Collaboration Revenue
License agreement term (in years)	15 years
Transfer price receivable upon achievement of certain regulatory and sales milestones	$ 18,000,000
Revenues			$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fair Value of Liabilities Measured on a Recurring Basis (Details) - Recurring - USD ($)	Jun. 30, 2019	Dec. 31, 2017
Fair value of liabilities measured on a recurring basis
Warrant liability	$ 5,182,273	$ 220,376
Total fair value	5,182,273	220,376
Level 3
Fair value of liabilities measured on a recurring basis
Warrant liability	5,182,273	220,376
Total fair value	$ 5,182,273	$ 220,376

Fair Value Measurements - Estimated fair value of Level 3 (Details)	6 Months Ended
	Jun. 30, 2019 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Ending fair value of level 3 liability	$ 493,688
Level 3 \| Recurring \| Warrant liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning value of Level 3 liability	220,376
Additions	5,122,928
Change in fair value of liability	(161,031)
Ending fair value of level 3 liability	$ 5,182,273

Fair Value Measurements - Estimated Fair Value of Warrant Liability (Details)	3 Months Ended			4 Months Ended	6 Months Ended
	Jun. 30, 2019 USD ($) Y item $ / shares	Jun. 26, 2019 USD ($) item	Jun. 26, 2018	Jun. 30, 2019 USD ($) Y item $ / shares	Jun. 30, 2019 USD ($) Y item $ / shares	Jul. 31, 2019 USD ($)	Jul. 19, 2019 USD ($)	Mar. 31, 2019 USD ($) Y item	Dec. 31, 2018 USD ($)	Oct. 31, 2018 Y	Nov. 30, 2016	Feb. 28, 2015 USD ($)
Fair Value Assumptions and Methodology for Assets and Liabilities
Notes payable												$ 150,000
Fair value of warrant	$ 493,688			$ 493,688	$ 493,688
Strike price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability \| $ / shares	58.80			58.80	58.80
Expected life
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability \| Y	5			5	5
Volatility
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	132			132	132
Risk free rate
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	2.77			2.77	2.77
Dividend rate
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	0			0	0
Series A Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Change in fair value of liability	$ 9,941
Series A Warrants \| Stock price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	4.70			4.70	4.70				16.10
Series A Warrants \| Strike price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	787.50			787.50	787.50				787.50		787.50
Series A Warrants \| Expected life
Fair Value Assumptions and Methodology for Assets and Liabilities
Weighted-average expected term (years)	2 years 11 months 1 day			2 years 11 months 1 day	2 years 11 months 1 day				3 years 4 months 28 days
Series A Warrants \| Volatility
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	145.60			145.60	145.60				135.63
Series A Warrants \| Risk free rate
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	1.71			1.71	1.71				0.0246
Underwriter Warrants \| Stock price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	4.70			4.70	4.70				16.10	41.30
Underwriter Warrants \| Strike price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	52.50			52.50	52.50				52.50	52.50
Underwriter Warrants \| Expected life
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability \| Y										5
Weighted-average expected term (years)	4 years 3 months 4 days			4 years 3 months 4 days	4 years 3 months 4 days				4 years 9 months 4 days
Underwriter Warrants \| Volatility
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	145.60			145.60	145.60				135.63	138
Underwriter Warrants \| Risk free rate
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	0.0176			0.0176	0.0176				0.0251	2.51
LOC Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Change in fair value of liability	$ 34,673				$ 34,673
LOC Warrants \| Stock price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability \| item	4.70			4.70	4.70			19.60
LOC Warrants \| Strike price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability \| item	4.70			4.70	4.70			17.50
LOC Warrants \| Expected life
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability \| Y								5
Weighted-average expected term (years)	4 years 9 months			4 years 9 months	4 years 9 months			5 years
LOC Warrants \| Volatility
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	145.60			145.60	145.60			145.72
LOC Warrants \| Risk free rate
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	1.76			1.76	1.76			0.0223
2019 Bridge Note Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Change in fair value of liability	$ 27,754				$ 27,754
Fair value of warrant	$ 4,977,985			$ 4,977,985	$ 4,977,985	$ 5,005,742
2019 Bridge Note Warrants \| Stock price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	4.70			4.70	4.70
2019 Bridge Note Warrants \| Stock price \| Minimum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						4.84
2019 Bridge Note Warrants \| Stock price \| Maximum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						32.90
2019 Bridge Note Warrants \| Strike price
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	4.70			4.70	4.70
2019 Bridge Note Warrants \| Strike price \| Minimum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						4.84
2019 Bridge Note Warrants \| Strike price \| Maximum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						32.90
2019 Bridge Note Warrants \| Expected life
Fair Value Assumptions and Methodology for Assets and Liabilities
Weighted-average expected term (years)	4 years 9 months 7 days			4 years 9 months 7 days	4 years 9 months 7 days	5 years
2019 Bridge Note Warrants \| Volatility
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	145.60			145.60	145.60
2019 Bridge Note Warrants \| Volatility \| Minimum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						145.60
2019 Bridge Note Warrants \| Volatility \| Maximum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						145.72
2019 Bridge Note Warrants \| Risk free rate
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability	0.0176			0.0176	0.0176
2019 Bridge Note Warrants \| Risk free rate \| Minimum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						0.0176
2019 Bridge Note Warrants \| Risk free rate \| Maximum
Fair Value Assumptions and Methodology for Assets and Liabilities
Warrant liability						0.0223
Warrant liability \| Recurring \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Change in fair value of liability					$ (161,031)
Fair value of warrant	$ 5,182,273			$ 5,182,273	5,182,273				$ 220,376
Warrant liability \| Series A Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Change in fair value of liability					6,335
Fair value of warrant	1,053			1,053	1,053				7,388
Warrant liability \| Series A Warrants \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant	1,053			1,053	1,053
Warrant liability \| Series A Warrants \| Recurring \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant									7,388
Warrant liability \| Underwriter Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant	52,265			52,265	52,265				212,988
Warrant liability \| Underwriter Warrants \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant	52,265			52,265	52,265
Warrant liability \| Underwriter Warrants \| Recurring \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Change in fair value of liability	221,753				160,723
Fair value of warrant									$ 212,988
Warrant liability \| LOC Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant								$ 116,297
Warrant liability \| LOC Warrants \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant	150,970			150,970	150,970
Warrant liability \| 2019 Bridge Note Warrants \| Level 3
Fair Value Assumptions and Methodology for Assets and Liabilities
Fair value of warrant	4,977,985			$ 4,977,985	4,977,985
2019 Bridge Notes
Fair Value Assumptions and Methodology for Assets and Liabilities
Number of promissory notes issued \| item		21		21
Notes payable	5,050,000	$ 5,050,000		$ 5,050,000	5,050,000		$ 3,550,000
Fair value of warrant		$ 5,005,739
Fourteen Promissory Notes [Member]
Fair Value Assumptions and Methodology for Assets and Liabilities
Number of promissory notes issued \| item		14		14
Notes payable	3,550,000	$ 3,550,000		$ 3,550,000	3,550,000
Warrant coverage percentage		125.00%		125.00%
Fourteen Promissory Notes [Member] \| 2019 Bridge Note Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Number of promissory notes issued \| item		14
Notes payable		$ 3,550,000
Warrant coverage percentage		125.00%
Seven Promissory Notes [Member]
Fair Value Assumptions and Methodology for Assets and Liabilities
Number of promissory notes issued \| item		7		7
Notes payable	$ 1,500,000	$ 1,500,000		$ 1,500,000	$ 1,500,000
Warrant coverage percentage		75.00%	75.00%	75.00%
Seven Promissory Notes [Member] \| 2019 Bridge Note Warrants
Fair Value Assumptions and Methodology for Assets and Liabilities
Number of promissory notes issued \| item		7
Notes payable		$ 1,500,000
Warrant coverage percentage		75.00%

Balance Sheet Components - Goodwill (Details)	12 Months Ended
Balance Sheet Components - Goodwill (Details)	Dec. 31, 2018 USD ($)
Goodwill
Beginning balance	$ 5,210,821
Impairment	$ (5,210,821)

Balance Sheet Components - Intangible assets (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Intangible assets
Impairment	$ (4,000,000)	$ 0	$ (4,000,000)	$ 0
Finite-lived intangible assets, net	26,867,222		26,867,222		$ 31,710,556
Total intangible assets, net	26,867,222		26,867,222		31,710,556
Amortization expense	421,667	$ 843,334	421,667	$ 843,334
Developed technology
Intangible assets
Total intangible assets	25,000,000		25,000,000		25,000,000
Accumulated amortization	(3,194,445)		(3,194,445)		(2,361,111)
Finite-lived intangible assets, net	21,805,555		21,805,555		22,638,889
In process research and development
Intangible assets
Total intangible assets	8,800,000		8,800,000		8,800,000
Impairment			(4,000,000)
Finite-lived intangible assets, net	4,800,000		4,800,000		8,800,000
Trademarks
Intangible assets
Total intangible assets	300,000		300,000		300,000
Accumulated amortization	(38,333)		(38,333)		(28,333)
Finite-lived intangible assets, net	$ 261,667		$ 261,667		$ 271,667

Balance Sheet Components - Estimated Future Amortization Expense (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Total	$ 26,867,222	$ 31,710,556
Trademarks and Developed technology rights
Finite-Lived Intangible Assets [Line Items]
2019 (remaining)	871,667
2020	1,743,334
2021	1,743,334
2022	1,736,670
2023	1,666,668
2024	1,666,668
Thereafter	12,638,881
Total	$ 22,067,222

Related Party Transactions - Management Services Agreement (Details)	1 Months Ended
	Mar. 31, 2018 USD ($)
Related Party Transactions
Consulting and management advisory services fees	$ 450,000
Maximum aggregate payments for consulting and management advisory services received	$ 1,350,000

Related Party Transactions - Letter of Credit (Details) - USD ($)		1 Months Ended	6 Months Ended
	Aug. 28, 2018	Mar. 31, 2019	Jun. 30, 2019	Aug. 31, 2018	Nov. 30, 2016
Related party Transactions
Standby letter of credit received as collateral			$ 475,000
Warrants to purchase (in shares)			9,580		1,587
Exercise price (in dollars per share)			$ 49.00
Term		4 months	5 years
Fair value of warrants included in stockholders equity			$ 493,688
Pacific Capital Management LLC
Related party Transactions
Exercise price (in dollars per share)		$ 49.00
Term			5 years
Fair value of warrants included in stockholders equity			$ 493,688
Office lease extension agreement \| Pacific Capital Management LLC
Related party Transactions
Standby letter of credit received as collateral	$ 475,000
Warrants to purchase (in shares)				9,580

Related Party Transactions - 2019 Bridge Notes (Details)	3 Months Ended		4 Months Ended	6 Months Ended
	Jun. 26, 2019 USD ($) item	Jun. 26, 2018 USD ($) item	Jun. 30, 2019 USD ($) item $ / shares shares	Jun. 30, 2019 USD ($) individual $ / shares shares	Jul. 19, 2019 USD ($)	Dec. 31, 2018 shares	Dec. 31, 2017 shares	Feb. 28, 2015 USD ($)
Related Party Transaction [Line Items]
Notes payable								$ 150,000
Exercise price (in dollars per share) \| $ / shares			$ 49.00	$ 49.00
Debt Conversion, Converted Instrument, Warrants or Options Issued \| shares				5,005,739
Class of Warrant or Right, Outstanding \| shares			1,237,871	1,237,871		34,682	4,590
Net cash proceeds				$ 5,050,000
2019 Bridge Notes
Related Party Transaction [Line Items]
Number of promissory notes issued \| item	21		21
Notes payable	$ 5,050,000		$ 5,050,000	$ 5,050,000	$ 3,550,000
Number of members of Board of Directors \| individual				3
Net cash proceeds	$ 5,050,000
2019 Bridge Notes \| Lisa Conte [Member]
Related Party Transaction [Line Items]
Notes payable			$ 100,000	$ 100,000
Number of shares per warrant \| shares			15,957	15,957
2019 Bridge Notes \| James Bochnowski [Member]
Related Party Transaction [Line Items]
Notes payable			$ 350,000	$ 350,000
Number of shares per warrant \| shares			93,085	93,085
2019 Bridge Notes \| Jonathan Siegel DBA JBS Healthcare Ventures [Member]
Related Party Transaction [Line Items]
Notes payable			$ 75,000	$ 75,000
Number of shares per warrant \| shares			14,628	14,628
2019 Bridge Notes \| Sagard Capital Partners [Member]
Related Party Transaction [Line Items]
Notes payable			$ 500,000	$ 500,000
Number of shares per warrant \| shares			79,787	79,787
2019 Bridge Notes \| Jonathan Glaser [Member]
Related Party Transaction [Line Items]
Notes payable			$ 500,000	$ 500,000
Number of shares per warrant \| shares			106,383	106,383
Fourteen Promissory Notes [Member]
Related Party Transaction [Line Items]
Number of promissory notes issued \| item	14		14
Notes payable	$ 3,550,000		$ 3,550,000	$ 3,550,000
Warrant coverage percentage	125.00%		125.00%
Seven Promissory Notes [Member]
Related Party Transaction [Line Items]
Number of promissory notes issued \| item	7		7
Notes payable	$ 1,500,000		$ 1,500,000	$ 1,500,000
Warrant coverage percentage	75.00%	75.00%	75.00%
2019 Bridge Note Warrants \| 2019 Bridge Notes \| Accredited investors
Related Party Transaction [Line Items]
Interest rate (as a percent)		12.00%
2019 Bridge Note Warrants \| Fourteen Promissory Notes [Member]
Related Party Transaction [Line Items]
Number of promissory notes issued \| item	14
Notes payable	$ 3,550,000
Warrant coverage percentage	125.00%
2019 Bridge Note Warrants \| Fourteen Promissory Notes [Member] \| Accredited investors
Related Party Transaction [Line Items]
Number of promissory notes issued \| item		14
Notes payable		$ 3,550,000
Warrant coverage percentage		125.00%
2019 Bridge Note Warrants \| Seven Promissory Notes [Member]
Related Party Transaction [Line Items]
Number of promissory notes issued \| item	7
Notes payable	$ 1,500,000
Warrant coverage percentage	75.00%
2019 Bridge Note Warrants \| Seven Promissory Notes [Member] \| Accredited investors
Related Party Transaction [Line Items]
Number of promissory notes issued		7
Notes payable		$ 1,500,000
Warrant coverage percentage		75.00%
2019 Bridge Note Warrants \| Twenty One Promissory Notes [Member] \| Accredited investors
Related Party Transaction [Line Items]
Number of promissory notes issued \| item		21
Net cash proceeds		$ 5,050,000

Commitments and Contingencies - Operating Leases (Details)						1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 03, 2019	May 29, 2019	May 18, 2018	Dec. 14, 2017	Sep. 25, 2017 USD ($)	Mar. 31, 2019	Jun. 30, 2019 USD ($) Y $ / shares shares	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) Y $ / shares shares	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($)	Aug. 28, 2018 ft²	Nov. 30, 2016 shares
Commitments and Contingencies
Monthly base rent for first twelve months									$ 38,392
Monthly base rent for subsequent twelve months									39,544
Monthly base rent for final months									40,730
Standby letter of credit received as collateral									$ 475,000
Term						4 months			5 years
Warrants to purchase (in shares) \| shares							9,580		9,580				1,587
Exercise price (in dollars per share) \| $ / shares							$ 49.00		$ 49.00
Fair value of warrant							$ 493,688		$ 493,688
Fair value of warrants included in stockholders equity									493,688
Non-cash rent expense per month									19,748
Percentage of amount received to be paid to Glenmark					25.00%
Maximum amount to be received by Glenmark					$ 7,000,000
Payments made to date to Glenmark					$ 0
Payments made to date to SEED									0
Reverse stock split ratio	0.015	0.0667	0.0667
Minimum
Commitments and Contingencies
Lease expense under non-cancelable operating lease									38,391
Maximum
Commitments and Contingencies
Lease expense under non-cancelable operating lease									40,730
Letter of credit
Commitments and Contingencies
Letter of Credit											$ 475,000
Letter of credit \| Shareholder
Commitments and Contingencies
Letter of Credit											122,000
Letter of credit cancelled											$ 122,000
SEED
Commitments and Contingencies
Percentage of revenue sharing commitment				15.00%
Percentage of revenue sharing commitment after first million dollars of revenue				20.00%
General and administrative expense
Commitments and Contingencies
Lease expense under non-cancelable operating lease							$ 191,133	$ 90,278	$ 362,884	$ 180,556
Strike price
Commitments and Contingencies
Warrants - Measurement input \| $ / shares							58.80		58.80
Expected life
Commitments and Contingencies
Warrants - Measurement input \| Y							5		5
Volatility
Commitments and Contingencies
Warrants - Measurement input							132		132
Risk free rate
Commitments and Contingencies
Warrants - Measurement input							2.77		2.77
Dividend rate
Commitments and Contingencies
Warrants - Measurement input							0		0
Office lease extension agreement
Commitments and Contingencies
Area (in square feet) \| ft²												6,311

Debt and Warrants - Convertible debt (Details)	Dec. 31, 2018 USD ($)
Convertible notes
Convertible debt, Gross	$ 11,294,770
Net convertible debt obligation	11,239,170
Convertible debt – current, net of discount	11,239,170
June 2017 Convertible debt
Convertible notes
Convertible debt, Gross	740,882
Less: unamortized debt discount and debt issuance costs	(55,600)
Napo convertible debt
Convertible notes
Convertible debt, Gross	$ 10,553,888

Debt and Warrants - February 2015 Convertible debt (Details) - USD ($)	1 Months Ended
	Mar. 31, 2018	Feb. 28, 2015
Debt and Warrants
Notes payable		$ 150,000
February 2015 Convertible debt
Debt and Warrants
Repayments of Debt	$ 203,408
Convertible promissory note issued to Serious Change II LP
Debt and Warrants
Share issued for principal and interest payment	1,937

Debt and Warrants - June 2017 Convertible debt (Details)			3 Months Ended	6 Months Ended	12 Months Ended
	Aug. 02, 2018 USD ($)	Jun. 29, 2017 USD ($)	Dec. 31, 2018 USD ($) item	Jun. 30, 2019 USD ($) item	Dec. 31, 2018 USD ($) item	May 28, 2019 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Feb. 28, 2015 USD ($)
Debt and Warrants
Notes payable									$ 150,000
Number of notes for which standstill fee paid \| item			4
Convertible debt			$ 11,239,170		$ 11,239,170
Face value			11,294,770		11,294,770
Chicago Venture Partners, L.P.
Debt and Warrants
Total standstill fee			$ 499,403	$ 499,403	$ 499,403
Number of notes for which standstill fee paid \| item			4	4	4
Convertible debt			$ 499,403		$ 499,403
June 2017 Convertible debt
Debt and Warrants
Notes payable		$ 2,155,000
Original issue discount		425,000
Debt legal fee		30,000
Proceeds from issuance of convertible debt		$ 1,700,000
Interest rate (as a percent)		8.00%
Automatic increase in interest rate at the event of default		17.00%
Maximum aggregate redemption amount	$ 500,000
Standstill fee			63,296
Increase in principal balance of notes payable			37,296
Standstill fee paid in cash			26,000
Face value			740,882		740,882
Discounts			$ 55,600		$ 55,600
June 2017 Convertible debt \| Current liabilities
Debt and Warrants
Fair value of derivative liability due to repayment of mandatory default							$ 15,000
Fair value of derivative liability due to interest rate increase feature							$ 5,000
Derivative liability								$ 20,000
Existing Notes 1 \| Chicago Venture Partners, L.P.
Debt and Warrants
Notes payable						$ 10,535,900.00

Debt and Warrants - Note Purchase Agreement (Details)	1 Months Ended	3 Months Ended	6 Months Ended
Debt and Warrants - Note Purchase Agreement (Details)	Mar. 31, 2019	Jun. 30, 2019 USD ($) Y $ / shares shares	Jun. 30, 2019 USD ($) Y $ / shares shares	Dec. 31, 2018 USD ($)	Nov. 30, 2016 shares	Feb. 28, 2015 USD ($)
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Notes payable						$ 150,000
Net cash proceeds			$ 5,050,000
Convertible debt, Gross				$ 11,294,770
Loss on extinguishment of debt		$ (2,663,198)	$ (4,605,158)
Term	4 months		5 years
Warrants to purchase (in shares) \| shares		9,580	9,580		1,587
Exercise price (in dollars per share) \| $ / shares		$ 49.00	$ 49.00
Strike price
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Warrants - Measurement input \| $ / shares		58.80	58.80
Expected life
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Warrants - Measurement input \| Y		5	5
Volatility
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Warrants - Measurement input		132	132

Debt and Warrants - March 2017 Convertible debt (Details)	Mar. 31, 2017 USD ($) tranche Lender	Feb. 28, 2015 USD ($)
Debt and Warrants
Notes payable		$ 150,000
Exchangeable note purchase agreement \| Napo
Debt and Warrants
Number of lenders, agreement \| Lender	2
Notes payable	$ 1,312,500
Number of tranches \| tranche	2
Value of each tranche	$ 525,000
Face amount of each tranche	$ 656,250
Interest rate (as a percent)	3.00%
Fair value of notes	$ 1,312,500

Debt and Warrants - Amendment to Note Purchase Agreement and Notes (Details)			1 Months Ended
	Mar. 23, 2018 USD ($) Y item $ / shares	Feb. 16, 2018 USD ($) shares	Dec. 31, 2017 USD ($) $ / shares shares	Nov. 30, 2017 $ / shares	Dec. 31, 2016 USD ($)	Feb. 28, 2015 USD ($)
Debt and Warrants
Notes payable						$ 150,000
Convertible note purchase agreement
Debt and Warrants
Notes payable					$ 12,500,000
First Amendment to Note Purchase Agreement and Notes \| Convertible note purchase agreement \| Napo
Debt and Warrants
Notes payable			$ 1,170,950
First Amendment to Note Purchase Agreement and Notes \| Convertible note purchase agreement \| Conversion option liability \| Napo
Debt and Warrants
Percent of increase in the principal amount			12.00%
Conversion price (in dollars per share) \| $ / shares			$ 14.00	$ 39.20
Issuance of common stock in exchange for services (in shares) \| shares			35,601
Partial redemption of convertible notes			$ 299,050
Second Amendment to Note Purchase Agreement and Notes \| Napo
Debt and Warrants
Notes payable		$ 435,950
Accrued interest on notes payable		$ 18,063
Shares issued to creditors \| shares		54,049
Principal paid	$ 735,000
Interest paid	$ 20,699
Second Amendment to Note Purchase Agreement and Notes \| Conversion option liability \| Napo
Debt and Warrants
Strike price (in dollars per share) \| $ / shares	$ 14.70
Second Amendment to Note Purchase Agreement and Notes \| Conversion option liability \| Napo \| Level 3 \| Recurring
Debt and Warrants
Increase to the fair value of the conversion option liability	$ 174,754
Conversion option liability written off	$ 286,595
Second Amendment to Note Purchase Agreement and Notes \| Conversion option liability \| Napo \| Expected life
Debt and Warrants
Conversion option liability \| Y	0.11
Second Amendment to Note Purchase Agreement and Notes \| Conversion option liability \| Napo \| Volatility
Debt and Warrants
Conversion option liability \| item	2.8816
Second Amendment to Note Purchase Agreement and Notes \| Conversion option liability \| Napo \| Risk free rate
Debt and Warrants
Conversion option liability \| item	0.0169
Second Amendment to Note Purchase Agreement and Notes \| Conversion option liability \| Napo \| Dividend rate
Debt and Warrants
Conversion option liability \| item	0.0000

Debt and Warrants - December 2016 Convertible debt (Details)		1 Months Ended				12 Months Ended
	Mar. 16, 2018 USD ($) shares	Jan. 31, 2019 USD ($) shares	Aug. 31, 2018 USD ($) shares	Jul. 31, 2017 USD ($) Lender	Dec. 31, 2016 USD ($) $ / shares Lender	Dec. 31, 2018 USD ($) item	Jun. 30, 2019 USD ($)	May 31, 2019 USD ($)	May 28, 2018 USD ($)	Jun. 30, 2017 USD ($)	Feb. 28, 2015 USD ($)
Debt and Warrants
Aggregate principal amount											$ 150,000
Convertible promissory notes, December 2016
Debt and Warrants
Aggregate principal amount					$ 2,500,000
Number of lenders \| Lender					3
Proceeds from issuance of convertible debt					$ 2,000,000
Unamortized note discount					$ 500,000
Conversion price (in dollars per share) \| $ / shares					$ 64.75
Revised principal value of debt										$ 2,625,338
Annual percentage of conversion					33.00%
Fair value of notes					$ 11,161,000
Difference between the fair value of the notes and the principal balance					$ 1,035,661
Amortization period of such difference amount					29 months
Interest Payable	$ 534,775		$ 479,808
Debt legal fee	$ 169,950
Repayment of accrued interest		$ 446,729
Shares issued (in shares) \| shares	4,081	19,751	4,582
Convertible promissory notes, December 2016 \| Convertible Long-term Debt
Debt and Warrants
Number of debt instrument extinguished \| item						2
Unamortized balance of notes payable						$ 10,553,888	$ 0
Convertible note purchase agreement
Debt and Warrants
Aggregate principal amount					$ 12,500,000
Interest rate (as a percent)				10.00%
Debt instrument, frequency of periodic payment				six-month
Accrued interest capitalized to principal of debt										$ 125,338
Convertible promissory notes, July 2017
Debt and Warrants
Aggregate principal amount				$ 7,500,000
Number of lenders \| Lender				4
Proceeds from issuance of convertible debt				$ 6,000,000
Unamortized note discount				$ 1,500,000
2019 Exchange Note 1
Debt and Warrants
Aggregate principal amount									$ 10,125,339
Interest rate (as a percent)									10.00%
2019 Exchange Note 2
Debt and Warrants
Aggregate principal amount									$ 2,296,926
Interest rate (as a percent)									10.00%
Napo \| Napo December 2016 and Napo July 2017 Notes
Debt and Warrants
Aggregate principal amount								$ 10,125,339
Unamortized premium								249,987
Carrying amount of Notes issued								10,375,326
Napo \| 2019 Exchange Note 1
Debt and Warrants
Aggregate principal amount								10,535,900
Accrued interest capitalized to principal of debt								$ 410,562

Debt and Warrants - Notes Payable (Details) - USD ($)	May 28, 2018	Jul. 19, 2019	Jun. 30, 2019	Jun. 26, 2019	Dec. 31, 2018	Feb. 28, 2015
Notes payable
Convertible debt, Gross					$ 11,294,770
Notes payable, net of discount			$ 3,563,068		4,845,575
Notes payable - current, net			7,759,642
Notes payable						$ 150,000
Notes payable
Notes payable
Convertible debt, Gross			12,809,642		5,180,857
Less: unamortized debt discount and net issuance costs			(1,486,932)		(335,282)
Note payable, net			11,322,710		4,845,575
Notes payable, net of discount			3,563,068
Notes payable - current, net			7,759,642		4,845,575
December 2017 note payable \| Notes payable
Notes payable
Convertible debt, Gross					1,673,237
February 2018 note payable \| Notes payable
Notes payable
Convertible debt, Gross					2,359,750
March 2018 note payable \| Notes payable
Notes payable
Convertible debt, Gross					$ 1,147,870
2019 Exchange Note 1
Notes payable
Accrued interest on notes payable	$ 410,562
Notes payable	$ 10,125,339
Interest rate (as a percent)	10.00%
2019 Exchange Note 1 \| Notes payable
Notes payable
Convertible debt, Gross			5,462,716
2019 Exchange Note 2
Notes payable
Notes payable	$ 2,296,926
Interest rate (as a percent)	10.00%
2019 Exchange Note 2 \| Notes payable
Notes payable
Convertible debt, Gross			2,296,926
2019 Bridge Notes
Notes payable
Less: unamortized debt discount and net issuance costs			(1,486,932)
Notes payable		$ 3,550,000	5,050,000	$ 5,050,000
March 2019 bridge note payable \| Notes payable
Notes payable
Convertible debt, Gross			$ 5,050,000

Debt and Warrants - Securities Purchase Agreement (Details)							1 Months Ended			3 Months Ended					6 Months Ended		12 Months Ended
	Apr. 17, 2019 USD ($)	Apr. 16, 2019 USD ($)	Aug. 02, 2018 USD ($)	Mar. 21, 2018 USD ($)	Feb. 26, 2018 USD ($)	Dec. 08, 2017 USD ($)	May 31, 2019 USD ($)	Apr. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 26, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($) item	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) item	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($) item	Jul. 19, 2019 USD ($)	May 28, 2019 USD ($)	Feb. 28, 2015 USD ($)
Debt and Warrants
Notes payable																				$ 150,000
Proceeds from issuance of short-term notes payable															$ 5,050,000
Convertible debt													$ 11,239,170				$ 11,239,170
Convertible Notes Payable Gross													$ 11,294,770				11,294,770
Number of notes for which standstill fee paid \| item													4
Convertible debt – current, net of discount													$ 11,239,170				11,239,170
Principal less discount													11,294,770				11,294,770
Loss on extinguishment of debt										$ (2,663,198)					(4,605,158)
Change in warrant liability										(207,088)				$ (118,489)	(161,031)	$ 145,365
Chicago Venture Partners, L.P.
Debt and Warrants
Convertible debt													499,403				499,403
Total standstill fee													$ 499,403		$ 499,403		$ 499,403
Number of notes for which standstill fee paid \| item													4		4		4
March 2018 note payable
Debt and Warrants
Carrying value of notes													$ 1,005,880				$ 1,005,880
2019 Bridge Notes
Debt and Warrants
Notes payable										5,050,000	$ 5,050,000				$ 5,050,000			$ 3,550,000
Proceeds from issuance of short-term notes payable											$ 5,050,000
Discounts										1,486,932					1,486,932
Carrying value of notes										3,563,068					3,563,068
Existing Notes 2 \| Chicago Venture Partners, L.P.
Debt and Warrants
Notes payable																			$ 2,296,926.00
Securities purchase agreement \| Chicago Venture Partners, L.P.
Debt and Warrants
Notes payable				$ 1,090,341
Securities purchase agreement \| Promissory Note, December 08, 2017 \| Chicago Venture Partners, L.P.
Debt and Warrants
Notes payable						$ 1,587,500
Aggregate purchase price						1,100,000
Original issue discount						462,500
Transaction expenses						$ 25,000
Interest rate (as a percent)						8.00%
Convertible debt										$ 0			685,282		0		685,282
Maximum aggregate redemption amount			$ 500,000
Standstill fee													141,737
Increase in principal balance of notes payable													85,737
Standstill fee paid in cash													56,000
Repayments of notes payable, principal									$ 811,065
Repayments of notes payable, interest									178,755
Loss on extinguishment of debt	$ 19,494						$ 27,176	$ 100,148	(243,419)						0		1,548,829
Securities purchase agreement \| February 2018 note payable \| Chicago Venture Partners, L.P.
Debt and Warrants
Notes payable					$ 2,240,909
Proceeds from issuance of short-term notes payable					1,560,000
Original issue discount					655,909
Transaction expenses					$ 25,000
Interest rate (as a percent)					8.00%
Standstill fee													198,841
Increase in principal balance of notes payable													118,841
Standstill fee paid in cash													80,000
Repayments of notes payable, principal									2,044,627
Repayments of notes payable, interest									203,866
Loss on extinguishment of debt		$ 37,740							$ (487,865)				102,296		$ 0		$ 2,290,865
Securities purchase agreement \| March 2018 note payable \| Chicago Venture Partners, L.P.
Debt and Warrants
Proceeds from issuance of short-term notes payable				750,000
Original issue discount				315,341
Transaction expenses				$ 25,000
Interest rate (as a percent)				8.00%
Standstill fee													95,529
Increase in principal balance of notes payable													57,529
Standstill fee paid in cash													38,000
Repayments of notes payable, principal												$ 1,050,114
Repayments of notes payable, interest												85,681
Loss on extinguishment of debt												$ (1,210,676)	$ 223,824

Debt and Warrants - 2019 Bridge Notes (Details)		3 Months Ended		4 Months Ended	6 Months Ended
Debt and Warrants - 2019 Bridge Notes (Details)	Jul. 19, 2019 USD ($) $ / shares	Jun. 26, 2019 USD ($) item	Jun. 26, 2018	Jun. 30, 2019 USD ($) item	Jun. 30, 2019 USD ($)	Feb. 28, 2015 USD ($)
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Notes payable						$ 150,000
Net cash proceeds					$ 5,050,000
Public offering price \| $ / shares	$ 2.00
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value				$ 493,688	493,688
2019 Bridge Notes
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Number of promissory notes issued \| item		21		21
Notes payable	$ 3,550,000	$ 5,050,000		$ 5,050,000	5,050,000
Net cash proceeds		5,050,000
Convertible Notes, Carrying Amount				3,563,068	3,563,068
Convertible Notes Payable, Unamortized Discount (Premium) and Debt Issuance Costs, Net				$ 1,486,932	1,486,932
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value		$ 5,005,739
Fourteen Promissory Notes [Member]
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Number of promissory notes issued \| item		14		14
Notes payable		$ 3,550,000		$ 3,550,000	3,550,000
Warrant coverage percentage		125.00%		125.00%
Seven Promissory Notes [Member]
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Number of promissory notes issued \| item		7		7
Notes payable		$ 1,500,000		$ 1,500,000	$ 1,500,000
Warrant coverage percentage		75.00%	75.00%	75.00%

Debt and Warrants - 2019 Exchange Notes (Details)		2 Months Ended	3 Months Ended	6 Months Ended
Debt and Warrants - 2019 Exchange Notes (Details)	May 28, 2018 USD ($) item	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	May 28, 2019	Dec. 31, 2018 USD ($)	Feb. 28, 2015 USD ($)
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount							$ 150,000
Principal amount and accrued interest		$ 5,144,175	$ 5,144,175	$ 5,144,175
Debt conversion amount		817,863
Gains (Losses) on Extinguishment of Debt			(2,663,198)	(4,605,158)
Convertible Notes Payable						$ 11,239,170
Exchange Notes
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Number of Napo convertible notes \| item	2
Number of Napo convertible notes exchanged for CVP note \| item	2
Debt Instrument, Interest Rate, Stated Percentage					10.00%
Gains (Losses) on Extinguishment of Debt		439,978
Convertible Notes Payable		$ 7,759,642	$ 7,759,642	$ 7,759,642
2019 Exchange Note 1
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount	$ 10,125,339
Principal amount and accrued interest	10,535,900
Convertible Notes Payable, Accrued Interest	$ 410,562
Debt Instrument, Interest Rate, Stated Percentage	10.00%
2019 Exchange Note 2
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Number of Napo convertible notes exchanged for CVP note \| item	2
Debt Instrument, Face Amount	$ 2,296,926
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Gains (Losses) on Extinguishment of Debt	$ 2,046,939

Debt and Warrants - Long-term Debt (Details) - March 2019 LOC Warrants	1 Months Ended
	Mar. 31, 2019 USD ($)
Long-term debt
Stand-by line of credit	$ 122,000
Principal amount (as a percent)	75.00%

Debt and Warrants - Warrant activity (Details) - shares	6 Months Ended	12 Months Ended
Debt and Warrants - Warrant activity (Details) - shares	Jun. 30, 2019	Dec. 31, 2018
Warrant Activity
Beginning balance	34,682	4,590
Warrants granted	1,203,740	30,951
Warrants cancelled	(551)	(859)
Ending balance	1,237,871	34,682

Debt and Warrants - Warrants (Details)		1 Months Ended				3 Months Ended		6 Months Ended		12 Months Ended
Debt and Warrants - Warrants (Details)	Jul. 19, 2019 $ / shares	Mar. 31, 2019 USD ($) Y $ / shares shares	Oct. 31, 2018 USD ($) Y $ / shares shares	Aug. 31, 2018 USD ($) Y shares	Nov. 30, 2016 USD ($) Y $ / shares shares	Jun. 30, 2019 USD ($) Y $ / shares shares	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) Y $ / shares shares	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($) shares
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Amount of shares issued									$ 2,259,282
Warrant Activity
Number of warrants issued to purchase shares of common stock (in shares) \| shares					1,587	9,580		9,580
Exercise price (in dollars per share) \| $ / shares						$ 49.00		$ 49.00
Unit Price \| $ / shares	$ 2.00
Reimbursement of expense								$ 3,000
Term		4 months						5 years
Warrant liability						$ 5,182,273		$ 5,182,273		$ 220,376
Warrants granted \| shares								1,203,740		30,951
Warrants expired \| shares								551		859
Change in warrant liability						$ (207,088)	$ (118,489)	$ (161,031)	145,365
Strike price
Warrant Activity
Warrants - Measurement input \| $ / shares						58.80		58.80
Expected life
Warrant Activity
Warrants - Measurement input \| Y						5		5
Volatility
Warrant Activity
Warrants - Measurement input						132		132
Risk free rate
Warrant Activity
Warrants - Measurement input						2.77		2.77
Series A warrants and placement agent warrants \| Expected life
Warrant Activity
Warrants - Measurement input \| Y					5.5
Series A warrants and placement agent warrants \| Volatility
Warrant Activity
Warrants - Measurement input					71.92
Series A warrants and placement agent warrants \| Risk free rate
Warrant Activity
Warrants - Measurement input					1.87
Series A Warrants
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Shares issued (in shares) \| shares					1,587
Warrant Activity
Number of warrants issued to purchase shares of common stock (in shares) \| shares					1,587
Exercise price (in dollars per share) \| $ / shares					$ 787.50
Change in fair value of derivative liability								$ 6,335
Warrant liability					$ 756,000	$ 1,053		$ 1,053		$ 7,388
Series A Warrants \| Strike price
Warrant Activity
Warrants - Measurement input					787.50	787.50		787.50		787.50
Series A Warrants \| Stock price
Warrant Activity
Warrants - Measurement input						4.70		4.70		16.10
Series A Warrants \| Volatility
Warrant Activity
Warrants - Measurement input						145.60		145.60		135.63
Series A Warrants \| Risk free rate
Warrant Activity
Warrants - Measurement input						1.71		1.71		0.0246
Placement agent Warrants
Warrant Activity
Number of warrants issued to purchase shares of common stock (in shares) \| shares					127
Placement agent Warrants \| Strike price
Warrant Activity
Warrants - Measurement input					787.50
Financing Warrants
Warrant Activity
Number of warrants issued to purchase shares of common stock (in shares) \| shares				429
Term				5 years
Warrants expired \| shares				17,582
Financing Warrants \| Strike price
Warrant Activity
Warrants - Measurement input				74.20
Financing Warrants \| Stock price
Warrant Activity
Warrants - Measurement input				74.20
Financing Warrants \| Expected life
Warrant Activity
Warrants - Measurement input				5
Financing Warrants \| Volatility
Warrant Activity
Warrants - Measurement input				126.00
Financing Warrants \| Risk free rate
Warrant Activity
Warrants - Measurement input				3.83
License Transaction Warrants Member
Warrant Activity
Warrant liability				$ 6,312
License Transaction Warrants Member \| Strike price
Warrant Activity
Warrants - Measurement input				74.20
License Transaction Warrants Member \| Stock price
Warrant Activity
Warrants - Measurement input				74.20
License Transaction Warrants Member \| Expected life
Warrant Activity
Warrants - Measurement input \| Y				5
License Transaction Warrants Member \| Volatility
Warrant Activity
Warrants - Measurement input				126
License Transaction Warrants Member \| Risk free rate
Warrant Activity
Warrants - Measurement input				3.83
Underwriter Warrants
Warrant Activity
Exercise price (in dollars per share) \| $ / shares			$ 52.50
Warrant liability			$ 611,286			$ 52,265		$ 52,265		$ 212,988
Warrants granted \| shares			17,142
Change in warrant liability								$ 160,723
Underwriter Warrants \| Strike price
Warrant Activity
Warrants - Measurement input			52.50			52.50		52.50		52.50
Underwriter Warrants \| Stock price
Warrant Activity
Warrants - Measurement input			41.30			4.70		4.70		16.10
Underwriter Warrants \| Expected life
Warrant Activity
Warrants - Measurement input \| Y			5
Underwriter Warrants \| Volatility
Warrant Activity
Warrants - Measurement input			138			145.60		145.60		135.63
Underwriter Warrants \| Risk free rate
Warrant Activity
Warrants - Measurement input			2.51			0.0176		0.0176		0.0251
March 2019 LOC Warrants
Warrant Activity
Warrant liability		$ 116,297				$ 150,970		$ 150,970
Stand-by line of credit		$ 122,000
March 2019 LOC Warrants \| Strike price
Warrant Activity
Warrants - Measurement input \| $ / shares		17.50
March 2019 LOC Warrants \| Stock price
Warrant Activity
Warrants - Measurement input \| $ / shares		19.60
March 2019 LOC Warrants \| Volatility
Warrant Activity
Warrants - Measurement input		146
March 2019 LOC Warrants \| Risk free rate
Warrant Activity
Warrants - Measurement input		2.23
March 2019 Promissory notes
Warrant Activity
Fair value of warrants						$ 34,673		$ 34,673
Minimum \| Financing Warrants
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Amount of shares issued			$ 3,000,000	$ 3,000,000
Common Stock
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Share issue price (in dollars per share) \| $ / shares						$ 4.70		$ 4.70
Securities purchase agreement
Warrant Activity
Change in fair value of derivative liability									$ 9,941
Securities purchase agreement \| March 2019 Ladenburg Warrants
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Shares issued (in shares) \| shares		19,019
Warrant Activity
Number of warrants issued to purchase shares of common stock (in shares) \| shares		746
Exercise price (in dollars per share) \| $ / shares		$ 17.50
Warrant liability		$ 13,028
Securities purchase agreement \| March 2019 Ladenburg Warrants \| Strike price
Warrant Activity
Warrants - Measurement input		17.50
Securities purchase agreement \| March 2019 Ladenburg Warrants \| Stock price
Warrant Activity
Warrants - Measurement input		18.90
Securities purchase agreement \| March 2019 Ladenburg Warrants \| Expected life
Warrant Activity
Warrants - Measurement input \| Y		5
Securities purchase agreement \| March 2019 Ladenburg Warrants \| Volatility
Warrant Activity
Warrants - Measurement input		146
Securities purchase agreement \| March 2019 Ladenburg Warrants \| Risk free rate
Warrant Activity
Warrants - Measurement input		2.21
Common Stock \| License Transaction Warrants Member \| Transaction within six months
Warrant Activity
Warrants exercisable \| shares				952
Common Stock \| License Transaction Warrants Member \| Transaction after six months and within twelve months
Warrant Activity
Warrants exercisable \| shares				476

Debt and Warrants - 2019 Bridge Note Warrants (Details)			3 Months Ended			4 Months Ended	6 Months Ended
Debt and Warrants - 2019 Bridge Note Warrants (Details)	Jul. 19, 2019 USD ($) $ / shares	May 28, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 26, 2019 USD ($) item	Jun. 26, 2018	Jun. 30, 2019 USD ($) item	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Feb. 28, 2015 USD ($)
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount									$ 150,000
Gains (Losses) on Extinguishment of Debt			$ (2,663,198)				$ (4,605,158)
Unit Price \| $ / shares	$ 2.00
2019 Bridge Note Warrants
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Fair value of warrants			4,977,985	$ 5,005,739		$ 4,977,985	4,977,985	$ 892,713
Change in fair value of derivative liability			4,085,269				4,085,269
Gains (Losses) on Extinguishment of Debt							27,757
Addition of new warrants with a fair value							4,113,026
Unit Price \| $ / shares	$ 2.00
2019 Bridge Notes
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount	$ 3,550,000		5,050,000	$ 5,050,000		$ 5,050,000	5,050,000
Number Of Promissory Notes Issued \| item				21		21
2019 Exchange Note 2
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount		$ 2,296,926
Gains (Losses) on Extinguishment of Debt		$ 2,046,939
Fourteen Promissory Notes [Member]
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount			3,550,000	$ 3,550,000		$ 3,550,000	3,550,000
Number Of Promissory Notes Issued \| item				14		14
Warrant Coverage Percentage				125.00%		125.00%
Fourteen Promissory Notes [Member] \| 2019 Bridge Note Warrants
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount				$ 3,550,000
Number Of Promissory Notes Issued \| item				14
Warrant Coverage Percentage				125.00%
Seven Promissory Notes [Member]
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount			$ 1,500,000	$ 1,500,000		$ 1,500,000	$ 1,500,000
Number Of Promissory Notes Issued \| item				7		7
Warrant Coverage Percentage				75.00%	75.00%	75.00%
Seven Promissory Notes [Member] \| 2019 Bridge Note Warrants
Convertible Promissory Notes and Common Stock Warrants [Line Items]
Debt Instrument, Face Amount				$ 1,500,000
Number Of Promissory Notes Issued \| item				7
Warrant Coverage Percentage				75.00%

Convertible Preferred Stock (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
Convertible Preferred Stock (Details) - USD ($)	Mar. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Mar. 31, 2021	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Amount of shares issued						$ 2,259,282
Liquidation value					$ 12,738,822		$ 9,199,002
Convertible preferred stock, shares outstanding					5,524,926		5,524,926
Deemed dividend attributable to preferred stock		$ (995,000)				$ (995,000)
Forecast \| Maximum
Product revenue				$ 22,000,000
Average VWAP of common stock for the 30 days prior to Measurement Date				$ 105.00
Series A convertible participating preferred stock
Redemption value					$ 12,738,822		$ 12,738,822
Liquidation value					$ 9,199,002		$ 9,199,002
Redemption price per share					$ 2.3057
Beneficial Conversion Feature			$ 995,000
Deemed dividend attributable to preferred stock					$ 995,000
Sagard Capital Partners, L.P. \| Series A convertible participating preferred stock
Conversion ratio	473,565		473,565
Effective conversion price	$ 19.425				$ 19.4250
Minimum holding percent of the shares after conversion	19.99%
Maximum period from date of issuance	1 year
Second Amendment to Note Purchase Agreement and Notes \| Sagard Capital Partners, L.P. \| Series A convertible participating preferred stock \| Private Placement
Shares issued (in shares)	5,524,926
Preferred stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Amount of shares issued			$ 9,000,002
Gross proceeds from the issuance of common stock			$ 9,199,002

Stockholders' Equity/(Deficit) (Details)	Jun. 03, 2019	May 29, 2019	May 18, 2018	Jun. 30, 2019 shares	May 18, 2019 shares	Dec. 31, 2018 shares	Jun. 01, 2018 shares	Nov. 30, 2016 shares
Stockholders’ Equity
Reverse stock split ratio	0.015	0.0667	0.0667
Shares of common stock reserved for issuance
Options issued and outstanding				39,481		42,979
Options available for grant under stock option plans				13,622		2,327
RSUs awards issued and outstanding				5,613		5,613
Warrants issued and outstanding				1,237,871		34,682
Convertible warrants				9,580				1,587
Total				1,771,058		146,792
Convertible notes
Shares of common stock reserved for issuance
Convertible warrants						10,849
Preferred Convertible Stock
Shares of common stock reserved for issuance
Convertible warrants				473,565		47,357
Inducement options issued and outstanding
Shares of common stock reserved for issuance
Options issued and outstanding				906		2,985
Blank check preferred stock
Stockholders’ Equity
Common stock, shares authorized							10,000,000
Common Stock
Stockholders’ Equity
Common stock, shares authorized							210,000,000
Common Stock \| Common stock - voting
Stockholders’ Equity
Common stock, shares authorized				150,000,000	150,000,000	150,000,000	150,000,000
Common Stock \| Common stock - non-voting
Stockholders’ Equity
Common stock, shares authorized				50,000,000		50,000,000	50,000,000

Stock Incentive Plans - Summary of Stock Incentive Plans (Details) - USD ($)			1 Months Ended	6 Months Ended		12 Months Ended
	Jan. 01, 2019	May 12, 2015	Feb. 28, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Shares Available for Grant
Beginning balance (in shares)	2,327			2,327
Ending balance (in shares)				13,622		2,327
Stock Options Outstanding
Beginning balance (in shares)	42,979			42,979
Ending balance (in shares)				39,481		42,979
RSUs Outstanding
Beginning balance (in shares)	5,613			5,613
Ending balance (in shares)				5,613		5,613
Options vested, exercisable and expected to vest
Weighted average grant date fair value of stock options granted (in dollars per share)				$ 17.05	$ 119.00
Number of options vested (in shares)				10,598	5,648
Weighted average fair value of options vested on grant date				$ 2,388,019	$ 177,862
Inducement options issued and outstanding
Stock Options Outstanding
Beginning balance (in shares)	2,985			2,985
Options granted (in shares)						2,993
Ending balance (in shares)				906		2,985
Options vested, exercisable and expected to vest
Weighted average grant date fair value of stock options granted (in dollars per share)						$ 93.80
Common Stock
Options vested, exercisable and expected to vest
Share Price				$ 4.70
2013 Plan
Stock Based Compensation
Option shares outstanding				5,613
2013 Plan \| Stock options
Stock Options Outstanding
Options granted (in shares)				0
2014 Plan
Stock Based Compensation
Option shares outstanding				39,481
Shares Available for Grant
Beginning balance (in shares)	2,327			2,327
Additional shares authorized (in shares)				7,797
Options granted (in shares)				(69)
Options cancelled (in shares)				3,567
Ending balance (in shares)				13,622		2,327
Stock Options Outstanding
Beginning balance (in shares)	42,979			42,979
Options granted (in shares)				69
Options cancelled (in shares)				(3,567)
Ending balance (in shares)				39,481		42,979
RSUs Outstanding
Beginning balance (in shares)	5,613			5,613
Ending balance (in shares)				5,613		5,613
Weighted Average Stock Option Exercise Price
Beginning balance (in dollars per share)	$ 406.36			$ 406.36
Options granted (in dollars per share)				17.24
Options cancelled (in dollars per share)				122.50
Ending balance (in dollars per share)				$ 431.51		$ 406.36
Weighted Average Remaining Contractual Life (Years)
Weighted Average Remaining Contractual Life (Years)				8 years 8 months 27 days		9 years 2 months 27 days
Options vested, exercisable and expected to vest
Options vested and exercisable (in shares)				18,073
Options vested and exercisable (in dollars per share)				$ 597.95
Options vested and exercisable (in years)				8 years 7 months 2 days
Options vested and expected to vest (in shares)				38,753
Options vested and expected to vest (in dollars per share)				$ 431.51
Options vested and expected to vest (in years)				8 years 8 months 27 days
Options exercised (in shares)				0	0
2014 Plan \| Stock options
Stock Based Compensation
Increase in share reserve based on outstanding number of shares (as a percent)		2.00%
Shares Available for Grant
Additional shares authorized (in shares)	7,797
Options vested, exercisable and expected to vest
Extension period			5 years

Stock Incentive Plans - Stock-Based Compensation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock Based Compensation
Total stock-based compensation expense	$ 446,368	$ 464,454	$ 872,876	$ 736,697
Research and development expense
Stock Based Compensation
Total stock-based compensation expense	148,844	145,035	215,948	224,749
Sales and marketing expense
Stock Based Compensation
Total stock-based compensation expense	12,251	18,167	46,093	20,552
General and administrative expense
Stock Based Compensation
Total stock-based compensation expense	285,273	$ 301,252	610,835	$ 491,396
Stock options and RSUs
Stock Based Compensation
Unrecognized stock-based compensation expense	$ 1,817,839		$ 1,817,839
Expected weighted average period to be recognized			1 year 6 months 22 days
Minimum \| Employee stock options
Estimated grant-date fair value of stock options calculated using the Black-Scholes option-pricing model
Weighted-average volatility (as a percent)			108.30%	87.40%
Weighted-average expected term (years)			5 years 9 months 22 days	5 years 1 month 6 days
Risk-free interest rate (as a percent)			2.50%	2.60%
Maximum \| Employee stock options
Estimated grant-date fair value of stock options calculated using the Black-Scholes option-pricing model
Weighted-average volatility (as a percent)			108.50%	95.30%
Weighted-average expected term (years)				5 years 9 months 18 days
Risk-free interest rate (as a percent)			2.60%	2.90%

Stock Incentive Plan - 401(k) Plan (Details)	6 Months Ended
Stock Incentive Plan - 401(k) Plan (Details)	Jun. 30, 2019 USD ($)
401(k) Plan
Employer contributions to the plan	$ 0

Net Loss Per Share Attributable to Common Stockholders (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Calculation of basic and diluted net loss per common share
Net loss attributable to common shareholders (basic and diluted)	$ (16,721,117)	$ (8,652,183)	$ (25,024,988)	$ (14,348,820)
Shares used to compute net loss per common share, basic and diluted	1,106,374	162,506	801,482	143,012
Net loss per share attributable to common stockholders, basic and diluted	$ (15.11)	$ (53.24)	$ (31.22)	$ (100.33)

Net Loss Per Share Attributable to Common Stockholders- Excluded From Calculation (Details) - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)	1,757,436	3,412,059
Options issued and outstanding
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)	39,481	38,638
Inducement options issued and outstanding
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)	906	2,993
Warrants to purchase common stock
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)	1,237,871	38,582
Restricted stock units
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)	5,613	5,613
Preferred Convertible Stock
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)	473,565	3,314,956
Convertible notes
Outstanding common stock equivalents have been excluded from diluted net loss per common share
Outstanding common stock equivalents have been excluded from diluted net loss per common share (in shares)		11,277

Segment Information (Details)	3 Months Ended		6 Months Ended
Segment Information (Details)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) segment	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($)
Segment Information
Number of segments \| segment			2
Revenue from external customers	$ 1,705,694	$ 883,846	$ 3,295,427	$ 1,688,202
Segment profit (loss)	(16,721,117)	(7,657,183)	(25,024,988)	(13,353,820)
Segment assets	36,066,947		36,066,947		$ 41,041,945
Less: investment in subsidiary	(29,240,965)		(29,240,965)		(29,240,965)
Less: Intercompany loan	(27,472,280)		(27,472,280)		(22,596,618)
Human Health
Segment Information
Segment profit (loss)	(9,838,061)	(4,474,324)	(12,630,840)	(7,373,630)
Segment assets	32,764,376		32,764,376		37,985,935
Animal Health
Segment Information
Segment profit (loss)	(6,883,056)	(3,182,859)	(12,394,148)	(5,980,190)
Segment assets	60,015,816		60,015,816		54,893,593
Product revenue, net
Segment Information
Revenue from external customers	1,705,694	883,846	3,295,427	1,510,813
Product revenue, net \| Human Health
Segment Information
Revenue from external customers	1,684,732	854,170	3,227,853	1,437,439
Product revenue, net \| Animal Health
Segment Information
Revenue from external customers	20,962	$ 29,676	67,574	$ 250,763
Operating Segments
Segment Information
Segment assets	$ 92,780,192		$ 92,780,192		$ 92,879,528

Subsequent Events (Details)						1 Months Ended	2 Months Ended
Subsequent Events (Details)	Jul. 31, 2019 USD ($) shares	Jul. 23, 2019 USD ($) $ / shares shares	Jul. 22, 2019 $ / shares shares	Jul. 19, 2019 $ / shares	May 24, 2019	Aug. 31, 2019 USD ($) individual	Jun. 14, 2019 shares	Jun. 30, 2019 $ / shares	Apr. 01, 2019 $ / shares	Jan. 07, 2019 $ / shares
Subsequent Events.
Public offering price \| $ / shares				$ 2.00
Exercise price (in dollars per share) \| $ / shares								$ 49.00
Percentage of unissued shares					12.50%
Subsequent event
Subsequent Events.
Common stock issued and issuable		8,280,000
Reduction in force of sales representatives \| individual						10
Severance payments \| $						$ 120,000
Subsequent event \| Warrants to purchase common stock
Subsequent Events.
Term of warrant		5 years
Exercise price (in dollars per share) \| $ / shares		$ 2.00
Warrants issued		16,560,000
Subsequent event \| 2014 Plan
Subsequent Events.
Number of shares reserved for issuance	4,330,400
Gross proceeds from issuance \| $	$ 5,000,000
Common stock, shares issued	30,404,653
Common stock outstanding (in shares)	30,404,653
Securities purchase agreement
Subsequent Events.
Price per share \| $ / shares									$ 19.60	$ 52.50
Issuance of common stock (In shares)							4,843
Series B convertible preferred stock \| Subsequent event
Subsequent Events.
Number of shares issued for preferred stock converted			500
Common Stock, Par or Stated Value Per Share \| $ / shares			$ 0.0001
Maximum percentage of ownership of common stock held by preferred shareholders			4.99%
Threshold beneficial ownership limitation percentage			9.99%
Notice period			61 days
Underwritten Public Offering \| Subsequent event
Subsequent Events.
Gross proceeds \| $		$ 16,560,000
Class A units \| Underwritten Public Offering \| Subsequent event
Subsequent Events.
Units issued		2,886,500
Public offering price \| $ / shares		$ 2.00
Number of shares in exchange for each unit		1
Class A units \| Underwritten Public Offering \| Subsequent event \| Series 1 warrants
Subsequent Events.
Number of shares per warrant		1
Term of warrant		5 years
Period from public announcement on achievement of clinical trial and certain trading benchmarks		30 days
Class A units \| Underwritten Public Offering \| Subsequent event \| Series 2 warrants
Subsequent Events.
Number of shares in exchange for each unit		1
Number of shares per warrant		1
Term of warrant		5 years
Period from public announcement on achievement of clinical trial and certain trading benchmarks		30 days
Class B units \| Subsequent event
Subsequent Events.
Units issued		10,787
Public offering price \| $ / shares		$ 1,000
Class B units \| Subsequent event \| Series 1 warrants
Subsequent Events.
Number of shares in exchange for each unit		500
Class B units \| Subsequent event \| Series 2 warrants
Subsequent Events.
Number of shares in exchange for each unit		500
Period from public announcement on achievement of clinical trial and certain trading benchmarks		30 days
Class B units \| Series B convertible preferred stock \| Subsequent event
Subsequent Events.
Number of shares in exchange for each unit		1
Number of shares issued for preferred stock converted		500