XML 46 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating expenses:        
Research and development $ 5,777,160 $ 382,106 $ 13,533,612 $ 818,704
General and administrative 3,218,601 293,220 6,049,175 925,506
Total operating expenses 8,995,761 675,326 19,582,787 1,744,210
Loss from operations (8,995,761) (675,326) (19,582,787) (1,744,210)
Other income (expense):        
Interest income 45,765 401 72,563 1,063
Interest expense   (40,000)   (397,064)
Total other income (expense), net 45,765 (39,599) 72,563 (396,001)
Net loss before income tax expense (8,949,996) (714,925) (19,510,224) (2,140,211)
Income tax expense       (247,500)
Net loss and comprehensive loss (8,949,996) (714,925) (19,510,224) (2,387,711)
Gain on extinguishment of convertible stock     4,798,194  
Accretion of redeemable preferred stock     (12,552,830)  
Net loss attributable to common stockholders $ (8,949,996) $ (714,925) $ (27,264,860) $ (2,387,711)
Per common share information:        
Net loss available to common stockholders, basic and diluted $ (0.59) $ (4.97) $ (3.27) $ (17.05)
Weighted-average common shares outstanding, basic and diluted 15,153,135 143,810 8,336,147 140,029
Comprehensive loss:        
Net loss $ (8,949,996) $ (714,925) $ (27,264,860) $ (2,387,711)
Other comprehensive loss:        
Unrealized loss on marketable securities (9,274)   (9,274)  
Comprehensive loss $ (8,959,270) $ (714,925) $ (27,274,134) $ (2,387,711)