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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 91,842,167 $ 25,031,280
Short-term investment securities 0 19,853,860
Interest receivable 0 83,852
Prepaid research and development 5,022,846 5,678,755
Other current assets 796,283 216,397
Total current assets 97,661,296 50,864,144
Restricted cash 586,259 583,208
Leasehold interest, net 2,466,202 2,042,281
Equipment, net 268,366 328,148
Goodwill 799,391 799,391
Other assets 0 164,375
Total assets 101,781,514 54,781,547
Current liabilities:    
Accounts payable and accrued expenses 18,179,772 15,267,668
Accrued compensation 1,275,305 1,389,516
Current portion of deferred revenue 152,381 152,381
Notes payable 182,156 68,875
Total current liabilities 19,789,614 16,878,440
Deferred rent 1,341,372 816,257
Deferred revenue, net of current portion 1,104,762 1,219,048
Total liabilities 22,235,748 18,913,745
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value per share (10,000,000 shares authorized, none issued and outstanding as of September 30, 2017 and December 31, 2016) 0 0
Common stock, $0.001 par value per share (150,000,000 shares authorized, 70,693,576 and 56,820,422 shares issued; 70,652,267 and 56,779,113 shares outstanding at September 30, 2017 and December 31, 2016, respectively) 70,694 56,820
Additional paid-in capital 403,712,474 272,432,139
Treasury stock, at cost, 41,309 shares at September 30, 2017 and December 31, 2016 (234,337) (234,337)
Accumulated deficit (324,003,065) (236,386,820)
Total stockholders’ equity 79,545,766 35,867,802
Total liabilities and stockholders’ equity $ 101,781,514 $ 54,781,547