Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data [Abstract]

Quarterly Financial Data (unaudited)

13. Quarterly Financial Data (unaudited)

The following table summarizes the unaudited quarterly financial data for the last two fiscal years (in thousands, except per share data):

(in thousands, except per share amounts)	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
2016
Revenues	$	3,550		$	3,549		$	3,550		$	28,550
Total operating expenses		11,990			13,335			12,814			14,365
Net profit/(loss) attributable to common stockholders		(8,420	)		(9,760	)		(9,231	)		14,259
Net profit/(loss) per common share, basic	$	(0.32	)	$	(0.37	)	$	(0.35	)	$	0.46
Net profit/(loss) per common share, diluted	$	(0.32	)	$	(0.37	)	$	(0.35	)	$	0.44
Weighted average number of shares, basic		26,169,152			26,337,184			26,470,298			30,878,973
Weighted average number of shares, diluted		26,169,152			26,337,184			26,470,298			32,228,172
2015
Revenues	$	3,550		$	3,549		$	3,550		$	3,550
Total operating expenses		8,381			8,625			8,972			11,434
Net loss attributable to common stockholders		(5,485	)		(6,782	)		(7,388	)		(8,540	)
Net loss per common share, basic and diluted	$	(2.47	)	$	(2.78	)	$	(2.78	)	$	(0.48	)