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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
EXPENSES        
Research and development $ 692,709 $ 1,273,186 $ 3,360,057 $ 1,709,424
General and administrative 1,456,567 $ 1,869,840 5,298,945 $ 4,091,530
Impairment of goodwill 11,070,991 11,070,991
Depreciation and amortization $ 5,393 $ 368,924 17,875 $ 883,995
Former employee severance expense 967,683
TOTAL EXPENSES $ 13,225,660 $ 3,511,950 20,715,551 $ 6,684,949
LOSS FROM OPERATIONS $ (13,225,660) $ (3,511,950) $ (20,715,551) (6,684,949)
OTHER (INCOME)/EXPENSES        
Loss on settlement of notes payable - related parties 1,829,562
Loss on settlement of notes payable 876,543
Other (income) expenses $ (1,165) $ (3,151) $ (5,318) (3,597)
Interest expense 86,670 281,548
TOTAL OTHER (INCOME)/EXPENSES $ (1,165) 83,519 $ (5,318) 2,984,056
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES $ (13,224,495) (3,595,469) (20,710,233) (9,669,005)
Benefit from income taxes 145,999 0 384,128
NET LOSS $ (13,224,495) $ (3,449,470) $ (20,710,233) $ (9,284,877)
TOTAL BASIC AND DILUTED NET LOSS PER SHARE (in dollars per share) $ (0.71) $ (0.18) $ (1.11) $ (0.76)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING (in shares) 18,614,968 18,671,121 18,614,968 12,155,041
FULLY-DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING (in shares) 18,614,968 18,671,121 18,614,968 12,155,041