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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,302,382 $ 13,073,137
Short-term investments 5,106,627 40,624,349
Prepaid expenses and other current assets 1,561,705 1,784,069
Total current assets 21,970,714 55,481,555
Property and equipment, net 417,815 528,476
Intangible assets 41,575,516 41,575,516
Goodwill   16,902,466
Other assets 57,345 2,127,551
Total assets 64,021,390 116,615,564
Current liabilities:    
Accounts payable 412,456 1,138,470
Accrued expenses 3,182,415 3,727,784
Derivative liabilities 64,877 256,027
Total current liabilities 3,659,748 5,122,281
Convertible notes payable, net of discount 28,278,875 27,303,860
Derivative liabilities 55,000 2,400,000
Deferred taxes 16,879,659 16,879,659
Contingent consideration and other liabilities 21,088,834 31,507,588
Total liabilities $ 69,962,116 $ 83,213,388
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 22,334,901 and 24,769,083 shares issued and outstanding at December 31, 2014 and December 31, 2015, respectively $ 2,477 $ 2,234
Additional paid-in capital 169,683,829 159,308,307
Cumulative translation adjustment (70,790) (69,031)
Cumulative unrealized loss on investments (971) (8,117)
Accumulated deficit (175,555,271) (125,831,217)
Total stockholders’ equity (deficit) (5,940,726) 33,402,176
Total liabilities and stockholders’ equity (deficit) $ 64,021,390 $ 116,615,564