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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 82,033,209 $ 28,575,085
Marketable securities, at fair value 37,914,482 24,388,403
Accounts receivable from collaboration 2,273,421 0
Prepaid expenses and other current assets 897,400 611,176
Total current assets 123,118,512 53,574,664
Long-term assets    
Marketable securities, at fair value 3,347,213 2,435,753
Property, plant and equipment, net 860,026 214,687
Security deposits 339,558 255,366
Intangible assets 29,000,000 29,000,000
Goodwill 12,638,136 12,638,136
Total long-term assets 46,184,933 44,543,942
Total assets 169,303,445 98,118,606
Current liabilities    
Accounts payable 2,123,939 2,368,131
Accrued expenses 6,139,000 4,752,823
Deferred revenue - short-term 5,229,227 0
Total current liabilities 13,492,166 7,120,954
Long-term liabilities    
Deferred tax liabilities 2,135,802 11,119,651
Deferred revenue - long-term 40,555,708 0
Total long-term liabilities 42,691,510 11,119,651
Total liabilities 56,183,676 18,240,605
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding 0 0
Common stock, $0.001 par value; 50,000,000 shares authorized; 20,137,974 and 17,246,754 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 20,138 17,247
Additional paid-in capital 364,528,037 288,688,990
Accumulated other comprehensive loss (392,391) (600,769)
Accumulated deficit (251,036,015) (208,227,467)
Total stockholders' equity 113,119,769 79,878,001
Total liabilities and stockholders' equity $ 169,303,445 $ 98,118,606