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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Option Revenue $ 726,291 $ 307,686 $ 1,830,036 $ 964,209
Research and development 2,420,220 3,173,538 7,853,076 9,393,887
General and administrative 1,023,848 917,335 3,375,602 2,987,582
Loss on disposition of assets 1,167 0 1,167 0
Depreciation and amortization 89,018 97,364 280,003 291,608
Operating loss (2,807,962) (3,880,551) (9,679,812) (11,708,868)
Interest income, net 2,222 2,498 5,290 11,982
Other income, net 11,760 0 32,781 0
Net loss $ (2,793,980) $ (3,878,053) $ (9,641,741) $ (11,696,886)
Basic and diluted loss per share $ (0.42) $ (1.11) $ (1.75) $ (3.38)
Weighted average shares outstanding - Basic and diluted 6,709,251 3,478,324 5,498,228 3,461,479