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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Contract revenue $ 1,149,570 $ 3,658,933 $ 8,218,316 $ 7,401,458
Operating expenses:        
Research and development 1,222,527 2,372,687 2,836,154 5,799,687
General and administrative 1,819,241 $ 2,419,909 4,015,361 $ 5,097,361
Restructuring expense 35,982   2,096,791  
Depreciation 36,687 $ 36,208 73,793 $ 76,147
Total operating expenses 3,114,437 4,828,804 9,022,099 10,973,195
Loss from operations (1,964,867) (1,169,871) (803,783) (3,571,737)
Other income (expense):        
Interest expense, net (13,279) $ (56,554) (38,604) $ (126,426)
Realization of cumulative translation adjustment (229,192)   (229,192)  
Change in fair value of derivative instruments (120,615) $ 782,549 217,630 $ 1,025,190
Other income (expense) (1,911) (1,912) 7,285 (1,550)
Total other income (expense) (364,997) 724,083 (42,881) 897,214
Net loss before income taxes (2,329,864) (445,788) (846,664) (2,674,523)
Income tax (provision) benefit (11,068) 6,668 (30,873) (23,037)
Net loss $ (2,340,932) $ (439,120) $ (877,537) $ (2,697,560)
Basic and diluted net loss per share $ (0.04) $ (0.01) $ (0.01) $ (0.05)
Weighted average shares used in calculation of basic and diluted net loss per share 63,745,834 54,670,870 63,691,214 53,861,988