XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
License revenue $ 38,096 $ 38,096 $ 114,286 $ 114,286
Research and development:        
Noncash compensation 919,648 35,756 1,873,730 2,733,110
Other research and development 20,878,108 11,538,246 45,075,097 29,719,891
Total research and development 21,797,756 11,574,002 46,948,827 32,453,001
General and administrative:        
Noncash compensation 1,914,390 1,204,278 4,307,670 10,106,938
Other general and administrative 1,251,421 1,085,400 3,798,859 3,094,362
Total general and administrative 3,165,811 2,289,678 8,106,529 13,201,300
Total costs and expenses 24,963,567 13,863,680 55,055,356 45,654,301
Operating loss (24,925,471) (13,825,584) (54,941,070) (45,540,015)
Other (income) expense:        
Interest income (87,965) (55,977) (265,456) (109,660)
Other income (33,042) 0 (33,042) 0
Interest expense 211,538 246,527 674,699 730,710
Change in fair value of notes payable (184,975) (360,218) (738,520) (824,231)
Total other income (94,444) (169,668) (362,319) (203,181)
Net loss $ (24,831,027) $ (13,655,916) $ (54,578,751) $ (45,336,834)
Basic and diluted net loss per common share $ (0.50) $ (0.28) $ (1.11) $ (1.01)
Weighted average shares used in computing basic and diluted net loss per common share 49,203,277 47,946,309 48,961,582 44,810,352