XML 30 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue $ 0 $ 0 $ 0
Operating expense      
Research and development 3,020,027 1,630,439 1,518,885
General and administrative 2,464,432 2,715,146 1,634,650
Total operating expense 5,484,459 4,542,246 3,269,240
Net operating loss (5,484,459) (4,542,246) (3,269,240)
Other income (expense)      
Interest income 17,665 22,632 4,037
Other expense 0 (335) (810)
Total other income (expense) 17,665 22,297 3,227
Net loss before income taxes (5,466,794) (4,519,949) (3,266,013)
Income tax expense 0 0 0
Net loss $ (5,466,794) $ (4,519,949) $ (3,266,013)
Loss per share      
Net loss per share, basic and diluted $ (0.06) $ (0.05) $ (0.05)
Basic and diluted weighted average number of common shares outstanding 89,762,872 89,281,622 71,372,672
Related Party      
Operating expense      
Research and development $ 0 $ 196,661 $ 115,705