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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Contract revenue $ 993,885 $ 1,155,839 $ 4,110,833 $ 9,374,155
Operating expenses:        
Research and development 1,236,692 1,125,865 3,409,005 3,962,019
General and administrative 3,714,747 1,231,035 6,343,426 5,246,396
Restructuring expense 0 422,482 0 2,519,273
Depreciation 32,235 35,005 110,371 108,798
Total operating expenses 4,983,674 2,814,387 9,862,802 11,836,486
Loss from operations (3,989,789) (1,658,548) (5,751,969) (2,462,331)
Other income:        
Interest income (expense), net 25,186 (9,888) 25,614 (48,492)
Realization of cumulative translation adjustment 0 0 0 (229,192)
Change in fair value of derivative instruments (352,057) 359,796 (642,643) 577,426
Other income - litigation 113,566,451 0 122,461,489 0
Other income (expense) 659 (691) 6,400 6,594
Total other income 113,240,239 349,217 121,850,860 306,336
Net income (loss) before income taxes 109,250,450 (1,309,331) 116,098,891 (2,155,995)
Income tax provision (15,437) (15,437) (46,310) (46,310)
Net income (loss) $ 109,235,013 $ (1,324,768) $ 116,052,581 $ (2,202,305)
Basic net income (loss) per share $ 1.68 $ (0.02) $ 1.79 $ (0.03)
Diluted net income (loss) per share $ 1.67 $ (0.02) $ 1.79 $ (0.03)
Weighted average shares used in calculation of basic net income (loss) per share 65,001,584 64,187,618 64,715,647 63,858,500
Weighted average shares used in calculation of diluted net income (loss) per share 65,814,765 64,187,618 65,322,158 63,858,500