XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Dec. 31, 2013
Revenues:        
Grants $ 239,539us-gaap_RevenueFromGrants $ 94,900us-gaap_RevenueFromGrants $ 304,175us-gaap_RevenueFromGrants $ 366,368us-gaap_RevenueFromGrants
Other     10,000us-gaap_OtherSalesRevenueNet  
Total revenues 239,539us-gaap_Revenues 94,900us-gaap_Revenues 314,175us-gaap_Revenues 366,368us-gaap_Revenues
Operating costs and expenses:        
Research and development 1,725,893us-gaap_ResearchAndDevelopmentExpense 394,238us-gaap_ResearchAndDevelopmentExpense 3,502,730us-gaap_ResearchAndDevelopmentExpense 2,967,278us-gaap_ResearchAndDevelopmentExpense
General and administrative 980,589us-gaap_GeneralAndAdministrativeExpense 673,321us-gaap_GeneralAndAdministrativeExpense 5,204,341us-gaap_GeneralAndAdministrativeExpense 1,442,483us-gaap_GeneralAndAdministrativeExpense
Total operating costs and expenses 2,706,482us-gaap_OperatingExpenses 1,067,559us-gaap_OperatingExpenses 8,707,071us-gaap_OperatingExpenses 4,409,761us-gaap_OperatingExpenses
Loss from operations (2,466,943)us-gaap_OperatingIncomeLoss (972,659)us-gaap_OperatingIncomeLoss (8,392,896)us-gaap_OperatingIncomeLoss (4,043,393)us-gaap_OperatingIncomeLoss
Interest and other income (expense) (184)us-gaap_OtherNonoperatingIncomeExpense (239)us-gaap_OtherNonoperatingIncomeExpense (379)us-gaap_OtherNonoperatingIncomeExpense (1,578)us-gaap_OtherNonoperatingIncomeExpense
Change in fair value of warrant liability 19,807mbvx_ChangeInFairValueOfWarrant    475,422mbvx_ChangeInFairValueOfWarrant  
Net loss (2,447,320)us-gaap_NetIncomeLoss (972,898)us-gaap_NetIncomeLoss (7,917,853)us-gaap_NetIncomeLoss (4,044,971)us-gaap_NetIncomeLoss
Deemed dividend on Series A-1 preferred stock (9,017,512)us-gaap_PreferredStockDividendsIncomeStatementImpact (2,214,910)us-gaap_PreferredStockDividendsIncomeStatementImpact (2,214,911)us-gaap_PreferredStockDividendsIncomeStatementImpact (691,812)us-gaap_PreferredStockDividendsIncomeStatementImpact
Deemed dividend on Series A-1 warrant (179,411)mbvx_DeemedDividendOnSeriesA1Warrant       
Deemed dividend on Series B preferred stock (8,655,998)mbvx_DeemedDividendOnSeriesBPreferredStock       
Accretion of preferred stock dividends (93,234)us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment (31,934)us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment (444,992)us-gaap_TemporaryEquityAccretionToRedemptionValueAdjustment  
Net loss allocable to common stockholders $ (20,393,475)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (3,219,742)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (10,577,756)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (4,736,783)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic and diluted net loss per share $ (6.25)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (12.67)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (9.51)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (20.55)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Shares used to calculate basic and diluted net loss per share 3,262,599us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 254,218us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 1,112,481us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 230,503us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted