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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Revenues            
Contract revenue $ 3,160,050 $ 1,082,141 $ 5,791,037 $ 1,794,547 $ 8,641,348 $ 5,545,468
Grant revenue 17,686 121,566 127,042 1,497,548
Total revenues 3,160,050 1,099,827 5,791,037 1,916,113 8,768,390 7,043,016
Cost of revenues (2,342,539) (816,702) (4,574,874) (1,344,101) (6,882,204) (5,313,855)
Gross profit 817,511 283,125 1,216,163 572,012 1,886,186 1,729,161
Operating expenses:            
Research and development 827,832 1,442,914 2,256,332 2,472,798 5,399,839 5,086,535
Acquired in-process research and development         4,000,000
General and administrative 999,637 874,962 1,875,494 1,692,232 3,596,623 3,403,975
Total operating expenses 1,827,469 2,317,876 4,131,826 4,165,030 8,996,462 12,490,510
Loss from operations (1,009,958) (2,034,751) (2,915,663) (3,593,018) (7,110,276) (10,761,349)
Other income (expense):            
Change in fair value of warrant liability 525,328 (1,943,494) 1,285,485 (4,955,110) (1,201,870) 3,436,195
Other income 390,599 390,599    
Interest income (expense) 1,256 551 (2,629) 1,112 (8,017) 1,310
Total other income (expense) 917,183 (1,942,943) 1,673,455 (4,953,998) (1,209,887) 3,437,505
Net loss before income taxes         (8,320,163) (7,323,844)
Income tax benefit         488,933 616,872
Net loss $ (92,775) $ (3,977,694) $ (1,242,208) $ (8,547,016) $ (7,831,230) $ (6,706,972)
Basic net loss per share (1) [1] $ (0.03) $ (1.55) $ (0.39) $ (3.41) $ (3.00) $ (3.25)
Diluted net loss per share (1) [1] $ (0.19) $ (1.55) $ (0.77) $ (3.41) $ (3.00) $ (4.30)
Basic weighted average common shares outstanding (1) [1] 3,176,937 2,572,626 3,152,439 2,506,604 2,606,577 2,063,842
Diluted weighted average common shares outstanding (1) [1] 3,273,379 2,572,626 3,267,981 2,506,604 2,606,577 2,358,494
[1] Adjusted to reflect the reverse stock split of one-for-ten effective October 7, 2016.