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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Contract revenue $ 10,640,660 $ 10,190,205 $ 17,912,607
Operating expenses:      
Research and development 5,133,512 9,319,828 15,290,142
General and administrative 6,222,185 10,911,724 13,279,186
Restructuring expense 2,546,159 0 0
Depreciation 141,604 149,958 182,487
Total operating expenses 14,043,460 20,381,510 28,751,815
Loss from operations (3,402,800) (10,191,305) (10,839,208)
Other income (expense):      
Interest expense, net (54,581) (210,399) (366,706)
Realization of cumulative translation adjustment (229,192) 0 0
Change in fair value of derivative instruments 299,477 508,817 (444,622)
Other income (expense) 8,137 (762) (6,071)
Total other income (expense) 23,841 297,656 (817,399)
Loss before income taxes (3,378,959) (9,893,649) (11,656,607)
Income tax provision (61,746) (61,746) (61,746)
Net loss $ (3,440,705) $ (9,955,395) $ (11,718,353)
Basic and diluted net loss per share $ (0.05) $ (0.17) $ (0.23)
Weighted average shares used in calculation of basic and diluted net loss per share 63,986,013 57,535,325 50,659,116