XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 2,634,393 $ 4,591,940 $ 7,742,514 $ 7,929,484
Operating expenses        
Research and development 4,728,726 5,905,552 15,394,616 13,946,403
General and administrative 1,963,733 3,038,756 7,345,651 6,863,782
Goodwill impairment charges   26,600,000 490,676 26,600,000
Total operating expenses 6,692,459 35,544,308 23,230,943 47,410,185
Loss from operations (4,058,066) (30,952,368) (15,488,429) (39,480,701)
Other income (expense):        
Changes in fair value of warrant liability, including gain (loss) on exchange 806,224 (508,316) (2,874,484) (508,316)
Changes in fair value of embedded derivatives 185,768 (1,157) 183,638 (1,157)
Interest expense (166,946) (2,344) (169,737) (160,103)
Interest income 21,100 15,372 78,306 19,538
Other income (expense) 31,378 10,786 289,053 9,839
Total other income (expense) 877,524 (485,659) (2,493,224) (640,199)
Net loss before income tax benefit (3,180,542) (31,438,027) (17,981,653) (40,120,900)
Income tax benefit 829,393 1,532,790 3,318,124 2,526,499
Net loss (2,351,149) (29,905,237) (14,663,529) (37,594,401)
Other comprehensive income (loss) - foreign currency translation adjustments   (1,028,033) (463,177) (2,864,839)
Comprehensive loss (2,351,149) (30,933,270) (15,126,706) (40,459,240)
Net loss (2,351,149) (29,905,237) (14,663,529) (37,594,401)
Preferred stock accretion, contributions, and dividends 64,139 (1,962,072) (2,527,275) (2,125,141)
Net loss attributed to common stockholders $ (2,287,010) $ (31,867,309) $ (17,190,804) $ (39,719,542)
Weighted-average common shares outstanding, basic and diluted 1,321,289 517,596 983,651 386,524
Net loss per share attributed to common stockholders, basic and diluted $ (1.73) $ (61.57) $ (17.48) $ (102.76)
Research Grants and Contracts [Member]        
Revenue        
Total revenue $ 2,629,446 $ 4,565,251 $ 7,727,681 $ 7,892,919
License Revenue [Member]        
Revenue        
Total revenue $ 4,947 $ 26,689 $ 14,833 $ 36,565