XML 51 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Revenues            
Contract revenue $ 1,082,141 $ 892,190 $ 1,794,547 $ 1,558,497 $ 5,545,468 $ 565,316
Grant revenue 17,686 526,058 121,566 770,348 1,497,548 2,658,836
Total revenues 1,099,827 1,418,248 1,916,113 2,328,845 7,043,016 3,224,152
Cost of revenues (816,702) (1,034,584) (1,344,101) (1,663,565) (5,313,855) (2,544,285)
Gross profit 283,125 383,664 572,012 665,280 1,729,161 679,867
Operating expenses:            
Research and development 1,442,914 1,213,224 2,472,798 2,243,845 5,086,535 $ 5,071,179
Acquired in-process research and development         4,000,000  
General and administrative 874,962 866,271 1,692,232 1,707,175 3,403,975 $ 2,765,230
Total operating expenses 2,317,876 2,079,495 4,165,030 3,951,020 12,490,510 7,836,409
Loss from operations (2,034,751) (1,695,831) (3,593,018) (3,285,740) (10,761,349) (7,156,542)
Other income (expense):            
Change in fair value of warrant liability (1,943,494) 746,992 (4,955,110) (995,098) 3,436,195 (3,654,770)
Interest income 551 322 1,112 613 1,310 1,960
Total other income (expense) (1,942,943) 747,314 (4,953,998) (994,485) 3,437,505 (3,652,810)
Net loss before income taxes         (7,323,844) (10,809,352)
Income tax benefit         616,872 750,356
Net loss $ (3,977,694) $ (948,517) $ (8,547,016) $ (4,280,225) $ (6,706,972) $ (10,058,996)
Basic and diluted net loss per share $ (0.15) $ (0.05) $ (0.34) $ (0.22)    
Basic and diluted weighted average common shares outstanding 25,726,264 19,949,539 25,066,038 19,844,505    
Basic net loss per share         $ (0.32) $ (0.65)
Diluted net loss per share         $ (0.43) $ (0.65)
Basic weighted average common shares outstanding         20,638,421 15,463,256
Diluted weighted average common shares outstanding         23,584,944 15,463,256