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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Licensing revenue $ 0 $ 0 $ 0 $ 0
Total revenues 0 0 0 0
Operating Expenses:        
Research and development 665,717 698,802 1,354,735 1,468,901
Selling, general and administrative 792,761 1,451,585 1,729,388 2,995,084
Impairment charge 0 9,625,000 0 9,625,000
Loss (gain) on disposal of property and equipment (4,000) 130,594 (4,000) 239,434
Depreciation and amortization 27,509 361,616 58,165 448,320
Total operating expenses 1,481,987 12,267,597 3,138,288 14,776,739
Loss from operations (1,481,987) (12,267,597) (3,138,288) (14,776,739)
Other Income (Expense):        
Gain (loss) on revaluation of derivative liabilities 1,086,999 250,000 761,950 (7,845)
Financing gain (loss) 0 1,177,000 0 (4,357,000)
Loss on early extinguishment of bridge loans (1,728,235) 0 (2,143,960) 0
Amortization of debt discount (710,252) 0 (895,218) 0
Interest expense (107,373) (2,001) (146,560) (4,726)
Other income (expense), net (1,458,861) 1,424,999 (2,423,788) (4,369,571)
Net loss (2,940,848) (10,842,598) (5,562,076) (19,146,310)
Deemed dividend on beneficial conversion feature of preferred stock (6,460,818) (6,460,818)
Net loss applicable to common shareholders $ (9,401,666) $ (10,842,598) $ (12,022,894) $ (19,146,310)
Net loss per common share, basic and diluted $ (.82) $ (0.97) $ (1.06) $ (1.69)
Basic and diluted weighted average common shares outstanding 11,446,862 11,128,275 11,325,028 11,337,272