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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
License revenue $ 38,095 $ 38,095 $ 76,190 $ 76,190
Research and development:        
Noncash stock expense associated with in- licensing agreement 0 1,211,250 0 1,211,250
Noncash compensation 1,359,446 3,300,111 2,697,354 5,201,721
Other research and development 9,902,214 2,336,771 18,181,645 4,845,029
Total research and development 11,261,660 6,848,132 20,878,999 11,258,000
General and administrative:        
Noncash compensation 4,883,540 4,438,735 8,902,660 6,768,563
Other general and administrative 1,004,475 706,725 2,008,962 1,610,249
Total general and administrative 5,888,015 5,145,460 10,911,622 8,378,812
Total costs and expenses 17,149,675 11,993,592 31,790,621 19,636,812
Operating loss (17,111,580) (11,955,497) (31,714,431) (19,560,622)
Other (income) expense:        
Interest income (31,551) (12,727) (53,683) (26,201)
Other income 0 0 0 (95,427)
Interest expense 246,526 234,787 484,183 461,127
Change in fair value of notes payable (223,372) (191,127) (464,013) (366,442)
Total other (income) expense (8,397) 30,933 (33,513) (26,943)
Net loss $ (17,103,183) $ (11,986,430) $ (31,680,918) $ (19,533,679)
Basic and diluted net loss per common share (in dollars per share) $ (0.38) $ (0.36) $ (0.73) $ (0.62)
Weighted average shares used in computing basic and diluted net loss per common share (in shares) 45,320,637 32,985,130 43,216,385 31,546,060