XML 19 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Revenues            
Contract revenue $ 2,959,254 $ 3,874,199 $ 8,750,291 $ 5,668,746 $ 8,641,348 $ 5,545,468
Grant revenue 5,476 127,042 127,042 1,497,548
Total revenues 2,959,254 3,879,675 8,750,291 5,795,788 8,768,390 7,043,016
Cost of revenues (2,630,046) (3,050,814) (7,204,920) (4,394,915) (6,882,204) (5,313,855)
Gross profit 329,208 828,861 1,545,371 1,400,873 1,886,186 1,729,161
Operating expenses:            
Research and development 1,177,263 1,259,015 3,433,595 3,731,813 5,399,839 5,086,535
Acquired in-process research and development         4,000,000
General and administrative 650,762 839,512 2,526,255 2,531,744 3,596,623 3,403,975
Total operating expenses 1,828,025 2,098,527 5,959,850 6,263,557 8,996,462 12,490,510
Loss from operations (1,498,817) (1,269,666) (4,414,479) (4,862,684) (7,110,276) (10,761,349)
Other income (expense):            
Change in fair value of warrant liability (176,293) 4,047,742 1,109,192 (907,368) (1,201,870) 3,436,195
Other income 390,599    
Interest income (expense) 1,893 (3,728) (736) (2,616) (8,017) 1,310
Total other income (expense) (174,400) 4,044,014 1,499,055 (909,984) (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 income (loss) $ (1,673,217) $ 2,774,348 $ (2,915,424) $ (5,772,668) $ (7,831,230) $ (6,706,972)
Basic net income (loss) per share(1) [1] $ (0.49) $ 1.05 $ (0.90) $ (2.26) $ (3.00) $ (3.25)
Diluted net loss per share(1) [1] $ (0.49) $ (0.45) $ (1.20) $ (2.26) $ (3.00) $ (4.30)
Basic weighted average common shares outstanding(1) [1] 3,432,081 2,648,240 3,245,653 2,553,930 2,606,577 2,063,842
Diluted weighted average common shares outstanding(1) [1] 3,432,081 2,829,058 3,347,837 2,553,930 2,606,577 2,358,494
[1] Adjusted to reflect the reverse stock split of one-for-ten effective October 7, 2016.