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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Contract revenue $ 2,959,254 $ 3,874,199 $ 8,750,291 $ 5,668,746
Grant revenue 5,476 127,042
Total revenues 2,959,254 3,879,675 8,750,291 5,795,788
Cost of revenues (2,630,046) (3,050,814) (7,204,920) (4,394,915)
Gross profit 329,208 828,861 1,545,371 1,400,873
Operating expenses:        
Research and development 1,177,263 1,259,015 3,433,595 3,731,813
General and administrative 650,762 839,512 2,526,255 2,531,744
Total operating expenses 1,828,025 2,098,527 5,959,850 6,263,557
Loss from operations (1,498,817) (1,269,666) (4,414,479) (4,862,684)
Other income (expense):        
Change in fair value of warrant liability (176,293) 4,047,742 1,109,192 (907,368)
Other income 390,599
Interest income (expense) 1,893 (3,728) (736) (2,616)
Total other income (expense) (174,400) 4,044,014 1,499,055 (909,984)
Net income (loss) $ (1,673,217) $ 2,774,348 $ (2,915,424) $ (5,772,668)
Basic net income (loss) per share(1) [1] $ (0.49) $ 1.05 $ (0.90) $ (2.26)
Diluted net loss per share(1) [1] $ (0.49) $ (0.45) $ (1.20) $ (2.26)
Basic weighted average common shares outstanding(1) [1] 3,432,081 2,648,240 3,245,653 2,553,930
Diluted weighted average common shares outstanding(1) [1] 3,432,081 2,829,058 3,347,837 2,553,930
[1] Adjusted to reflect the reverse stock split of one-for-ten effective October 7, 2016.