XML 22 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Revenues:        
Contract revenue $ 777,284 $ 1,330,884 $ 4,749,294 $ 10,448,794
Grant revenue 342,489 683,178
Total revenues 1,119,773 1,330,884 5,432,472 10,448,794
Cost of revenues (978,921) (1,087,315) (4,310,083) (8,433,671)
Gross profit 140,852 243,569 1,122,389 2,015,123
Operating expenses:        
Research and development 1,803,360 1,217,540 5,507,033 4,295,867
General and administrative 731,593 764,219 3,209,155 3,428,838
Total operating expenses 2,534,953 1,981,759 8,716,188 7,724,705
Loss from operations (2,394,101) (1,738,190) (7,593,799) (5,709,582)
Other income:        
Change in fair value of warrant liability     1,541,241
Gain on settlement liability     390,599
Interest income, net 16,895 4,753 29,906 2,216
Total other income     29,906 1,934,056
Net loss before income taxes     (7,563,893) (3,775,526)
Income tax benefit     416,810 530,143
Net loss $ (2,377,206) $ (1,733,437) $ (7,147,083) $ (3,245,383)
Basic net loss per share $ (0.27) $ (0.32) $ (1.16) $ (0.93)
Diluted net loss per share $ (0.27) $ (0.32) $ (1.16) $ (1.34)
Basic weighted average common shares outstanding 8,734,897 5,472,449 6,144,237 3,481,460
Diluted weighted average common shares outstanding 8,734,897 5,472,449 6,144,237 3,583,587