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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Activity [Table Text Block]
Share-based compensation expense included in the statements of operations for the three months ended March 31, 2014 and 2013 was as follows:
 
 
 
Three Months Ended March 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Research and development expenses
 
$
233,573
 
$
206,480
 
General and administrative expenses
 
 
2,207,426
 
 
270,231
 
Total
 
$
2,440,999
 
$
476,711
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Stock Options  A summary of stock option activity during the three months ended March 31, 2014 and related information is included in the table below:
 
 
 
Number of
Options
 
Weighted- 
Average
 Exercise 
Price
 
Weighted- 
Average 
Remaining 
Contractual 
Life (in years)
 
Aggregate 
Intrinsic Value
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1, 2014
 
18,577,207
 
$
1.79
 
5.8
 
$
24,000,710
 
Granted
 
408,482
 
$
3.22
 
 
 
 
 
 
Exercised
 
(304,097)
 
$
1.44
 
 
 
$
1,247,250
 
Forfeited
 
(220,903)
 
$
0.62
 
 
 
 
 
 
Outstanding at March 31, 2014
 
18,460,689
 
$
1.85
 
5.8
 
$
43,269,029
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at March 31, 2014
 
12,895,445
 
$
2.13
 
4.6
 
$
26,589,447
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest
 
18,460,689
 
$
1.85
 
5.8
 
$
43,269,029
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Range of Exercise Prices
 
 
 
Number of Options
Outstanding
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Life (in years)
 
Aggregate
Intrinsic Value
 
 
 
$0.50 - $1.00
 
7,000,000
 
$
0.80
 
6.3
 
$
23,730,000
 
 
 
$1.01 - $2.00
 
4,281,837
 
$
1.19
 
7.4
 
 
12,846,782
 
 
 
$2.01 - $3.00
 
2,067,037
 
$
2.48
 
5.2
 
 
3,527,937
 
 
 
$3.01 - $4.00
 
5,111,815
 
$
3.57
 
4.0
 
 
3,164,310
 
 
 
 
 
18,460,689
 
$
1.85
 
5.8
 
$
43,269,029
 
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions Black Sholes Model [Table Text Block]
Significant assumptions used in these models include:
 
 
 
Three Months Ended March 31,
 
 
 
2014
 
 
2013
 
 
 
 
 
 
 
 
Annual dividend
 
-
 
 
-
 
Expected life (in years)
 
4.0 - 8.5
 
 
3.0 - 6.0
 
Risk free interest rate
 
1.12% - 2.50%
 
 
0.51% - 1.01%
 
Expected volatility
 
68.8% - 100.0%
 
 
65.1% - 75.2%
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
A summary of our restricted stock unit activity for the three months ended March 31, 2014 is as follows:
 
 
 
Number of
RSU's
 
Weighted- 
Average 
Grant Date
 Fair Value
 
 
 
 
 
 
 
 
Outstanding at January 1, 2014
 
401,625
 
$
2.03
 
Granted
 
25,000
 
$
3.33
 
Vested and converted to common shares
 
-
 
$
-
 
Forfeited
 
-
 
$
-
 
Outstanding at March 31, 2014
 
426,625
 
$
2.11
 
 
 
 
 
 
 
 
Exercisable at March 31, 2014
 
404,397
 
$
2.09
 
Schedule Of Share Based Compensation Warrant Activity [Table Text Block]
A summary of warrant activity for the three months ended March 31, 2014 follows:
 
 
 
Number of
Warrants
 
Weighted-
Average
Exercised
Price
 
Weighted-
Average
Remaining
Contractual Life
(in years)
 
Aggregate
Intrinsic
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1, 2014
 
19,586,819
 
$
1.96
 
3.4
 
$
21,146,495
 
Granted
 
3,436,435
 
$
3.64
 
4.8
 
 
 
 
Exercised
 
(1,486,573)
 
$
1.30
 
 
 
 
 
 
Forfeited
 
(231,664)
 
$
1.19
 
 
 
 
 
 
Outstanding at March 31, 2014
 
21,305,017
 
$
2.29
 
3.5
 
$
41,358,464
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at March 31, 2014
 
21,305,017
 
$
2.29
 
3.5
 
$
41,358,464