XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
STATEMENTS OF OPERATIONS [Abstract]        
Government contracts $ 7,241 $ 3,276 $ 12,713 $ 6,717
Research and development collaborations 1,018 255 3,008 648
Total revenue 8,259 3,531 15,721 7,365
Costs and expenses:        
Cost of government contracts revenue 5,102 1,632 8,123 3,344
Research and development 15,202 10,785 29,720 20,041
General and administrative 5,806 4,012 10,114 6,882
Total costs and expenses 26,110 16,429 47,957 30,267
Loss from operations (17,851) (12,898) (32,236) (22,902)
Other income (expense):        
Interest income 20 48 32 95
Interest expense (51) (45) (103) (68)
Other income 18    18   
Change in fair value of warrant liability    267    267
Realized gains on investments       615   
Loss from operations before income tax (17,864) (12,628) (31,674) (22,608)
Income tax expense   5   22
Net loss $ (17,864) $ (12,633) $ (31,674) $ (22,630)
Basic and diluted net loss per share $ (0.08) $ (0.08) $ (0.15) $ (0.15)
Basic and diluted weighted average number of common shares outstanding 217,178 152,312 213,075 150,391