Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Compensation Cost Related to Share-Based Awards

The Company has recognized the following compensation cost related to share-based awards:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Research and development	$	582,900	$	24,222	$	2,489,049	$	63,684
General and administrative		651,856		306,037		2,634,515		374,368
Total	$	1,234,756	$	330,259	$	5,123,564	$	438,052

Schedule of Compensation Expense by Type of Award

Compensation expense by type of award:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Stock options	$	554,031	$	17,542	$	1,329,715	$	38,167
Restricted stock		680,725		312,717		3,793,849		399,885
Total	$	1,234,756	$	330,259	$	5,123,564	$	438,052

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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