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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Contract revenue $ 5,230,196 $ 10,640,660 $ 10,190,205
Operating expenses:      
Research and development 4,836,035 5,133,512 9,319,828
General and administrative 11,515,071 6,222,185 10,911,724
Restructuring expense 0 2,546,159 0
Depreciation 143,437 141,604 149,958
Total operating expenses 16,494,543 14,043,460 20,381,510
Loss from operations (11,264,347) (3,402,800) (10,191,305)
Other income (expense):      
Interest income (expense), net 168,150 (54,581) (210,399)
Realization of cumulative translation adjustment 0 (229,192) 0
Change in fair value of derivative instruments (957,070) 299,477 508,817
Other income - litigation 217,068,969 0 0
Other income (expense) 7,847 8,137 (762)
Total other income (expense) 216,287,896 23,841 297,656
Income (loss) before income taxes 205,023,549 (3,378,959) (9,893,649)
Income tax provision (11,169,376) (61,746) (61,746)
Net income (loss) $ 193,854,173 $ (3,440,705) $ (9,955,395)
Basic net income (loss) per share $ 2.97 $ (0.05) $ (0.17)
Diluted net income (loss) per share $ 2.95 $ (0.05) $ (0.17)
Weighted-average shares used in calculation of basic net income (loss) per share 65,306,962 63,986,013 57,535,325
Weighted-average shares used in calculation of diluted net income (loss) per share 65,657,802 63,986,013 57,535,325