XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Product royalties $ 855,101    $ 855,101   
Research revenues          14,200
Contract revenues 1,908,949 16,297,972 3,530,926 32,802,137
Total Revenues: 2,764,050 16,297,972 4,386,027 32,816,337
Cost of product royalties 690,207 375,000 1,065,207 750,000
Expenses:        
Research and development 12,758,215 6,546,579 24,790,383 11,258,189
General and administrative 3,110,754 2,209,284 6,021,010 5,050,079
Related party general and administrative, net 13,000 19,500 29,500 45,750
Total Expenses: 15,881,969 8,775,363 30,840,893 16,354,018
(Loss) Income from operations (13,808,126) 7,147,609 (27,520,073) 15,712,319
Interest income 96,006 63,501 168,516 120,117
Derivative gain (loss) 392,586 (3,478,793) 1,417,537 (5,346,039)
Other (expense) income, net (95,477) 50,324 (118,631) 46,860
Net (loss) income before taxes (13,415,011) 3,782,641 (26,052,651) 10,533,257
Income tax expense       (85,000)   
Net (loss) income attributable to common stockholders $ (13,415,011) $ 3,782,641 $ (26,137,651) $ 10,533,257
Basic earnings per share: $ (0.35) $ 0.13 $ (0.69) $ 0.36
Diluted earnings per share: $ (0.35) $ 0.12 $ (0.69) $ 0.35