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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 65,461,940 $ 55,713,784
Short-term investment securities 28,701,209 23,062,034
Interest receivable 158,527 85,516
Prepaid research and development 9,950,893 6,179,743
Other current assets 457,918 173,952
Total current assets 104,730,487 85,215,029
Restricted cash 578,126 575,012
Long-term investment securities 21,088,192 0
Property, plant and equipment, net 69,225 20,357
Goodwill 799,391 799,391
Other assets 141,717 137,101
Total assets 127,407,138 86,746,890
Current liabilities:    
Accounts payable and accrued expenses 8,583,003 3,991,625
Accrued compensation 768,750 702,000
Current portion of deferred revenue 152,381 152,381
Notes payable 181,668 275,190
Total current liabilities 9,685,802 5,121,196
Deferred revenue, net of current portion 1,409,524 1,523,810
Total liabilities $ 11,095,326 $ 6,645,006
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value per share (10,000,000 shares authorized, none issued and outstanding as of September 30, 2015 and December 31, 2014) $ 0 $ 0
Common stock, $0.001 par value per share (150,000,000 shares authorized, 52,558,217 and 44,974,248 shares issued, 52,516,908 and 44,932,939 shares outstanding at September 30, 2015 and December 31, 2014, respectively) 52,558 44,974
Contingently issuable shares 6 6
Additional paid-in capital 257,015,699 175,476,521
Treasury stock, at cost (234,337) (234,337)
Accumulated deficit (140,522,114) (95,185,280)
Total stockholders’ equity 116,311,812 80,101,884
Total liabilities and stockholders’ equity $ 127,407,138 $ 86,746,890