Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 7 – Subsequent Events

On April 8, 2016, the U.S. Bankruptcy Court for the Southern District of New York approved the Plan that lays out the terms and conditions under which SIGA will exit from bankruptcy, effective April 12, 2016. The Plan was negotiated between SIGA and the Statutory Creditor's Committee of which PharmAthene is a member. We received a $5 million initial payment from SIGA during April 2016 and during May 2016, received approximately $0.9 million, calculated by SIGA as interest on the judgment for the period April 12, 2016 through April 30, 2016. The payments are creditable against final satisfaction of our claim of approximately $208 million as of March 31, 2016 plus additional interest and are not refundable.