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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Product sales $ 730,325 $ 929,241 $ 2,705,690 $ 1,432,592
Laboratory services 23,036 23,765 182,130 87,201
Collaboration revenue 6,302 27,780 131,302 308,340
Total revenue 759,663 980,786 3,019,122 1,828,133
Operating expenses        
Cost of products sold 400,001 624,635 1,269,990 788,256
Cost of services 51,802 48,467 528,733 198,691
Research and development 2,178,818 1,788,748 6,278,829 3,897,049
General and administrative 1,639,996 1,614,532 4,955,096 3,694,143
Sales and marketing 1,294,640 1,032,759 4,282,628 2,962,555
Transaction expenses 0 525,596 0 525,596
Total operating expenses 5,565,257 5,634,737 17,315,276 12,066,290
Operating loss (4,805,594) (4,653,951) (14,296,154) (10,238,157)
Other expense        
Interest and other income/(expense) 623 2,513 (3,078) 9,675
Interest expense (41,423) (17,482) (109,806) (1,746,853)
Foreign currency transaction (losses)/gains (1,269) 0 2,293 0
Change in fair value of derivative financial instruments 0 0 0 (647,342)
Total other expense (42,069) (14,969) (110,591) (2,384,520)
Loss before income taxes (4,847,663) (4,668,920) (14,406,745) (12,622,677)
Provision for income taxes 0 1,662 0 1,662
Net loss (4,847,663) (4,670,582) (14,406,745) (12,624,339)
Preferred stock dividends and beneficial conversion 0 0 (332,550) (244,508)
Net loss available to common stockholders $ (4,847,663) $ (4,670,582) $ (14,739,295) $ (12,868,847)
Net loss per common share - basic and diluted $ (0.23) $ (0.38) $ (0.92) $ (2.00)
Weighted average shares outstanding - basic and diluted 20,938,700 12,261,238 16,028,047 6,444,373
Net loss $ (4,847,663) $ (4,670,582) $ (14,406,745) $ (12,624,339)
Other comprehensive income/(loss) - foreign currency translation 672 (49) 1,059 (49)
Comprehensive loss $ (4,846,991) $ (4,670,631) $ (14,405,686) $ (12,624,388)