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STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Common stock
Additional Paid-in Capital
Cumulative Unrealized Loss on Investments
Cumulative Translation Adjustment
Accumulated Deficit
Total
Balance at Dec. 31, 2013 $ 2,220 $ 140,419,071     $ (89,872,238) $ 50,549,053
Balance (in shares) at Dec. 31, 2013 22,199,256          
Increase (Decrease) in Equity            
Stock-based compensation expense   3,384,800       3,384,800
Cancellation of unvested restricted stock (in shares) (9,193)          
Exercise of stock options $ 12 181,547       181,559
Exercise of stock options (in shares) 121,816          
Conversion of warrants $ 2 139,086       139,088
Conversion of warrants (in shares) 23,022          
Issuance of convertible notes   15,183,803       15,183,803
Unrealized gain (loss) on investments     $ (8,117)     (8,117)
Cumulative translation adjustment       $ (69,031)   (69,031)
Net loss         (35,958,979) (35,958,979)
Balance at Dec. 31, 2014 $ 2,234 159,308,307 (8,117) (69,031) (125,831,217) 33,402,176
Balance (in shares) at Dec. 31, 2014 22,334,901          
Increase (Decrease) in Equity            
Stock-based compensation expense   5,680,353       5,680,353
Issuance of restricted stock $ 45 (45)        
Issuance of restricted stock (in shares) 450,000          
Sale of common stock $ 144 2,583,745       2,583,889
Sale of common stock (in shares) 1,435,612          
Exercise of stock options $ 2 31,199       31,201
Exercise of stock options (in shares) 24,266          
Conversion of convertible notes $ 52 2,080,270       2,080,322
Conversion of convertible notes (in shares) 524,304          
Unrealized gain (loss) on investments     7,146     7,146
Cumulative translation adjustment       (1,759)   (1,759)
Net loss         (49,724,054) (49,724,054)
Balance at Dec. 31, 2015 $ 2,477 $ 169,683,829 $ (971) $ (70,790) $ (175,555,271) $ (5,940,726)
Balance (in shares) at Dec. 31, 2015 24,769,083