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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS        
Revenue     $ 0  
Expenses:        
General and administrative $ 2,382,147 $ 2,883,682 5,354,282 $ 6,019,531
Research and development 1,498,561 7,709,798 4,800,100 14,155,991
Restructuring charges 28,871   2,041,895  
Change in fair value of contingent consideration 1,108,000 1,081,000 2,162,000 2,129,000
Total expenses 5,017,579 11,674,480 14,358,277 22,304,522
Loss from operations (5,017,579) (11,674,480) (14,358,277) (22,304,522)
Change in fair value of derivative liabilities (19,791) 1,352,557 73,161 1,642,223
Debt exchange expense       (818,541)
Loss on sale of equipment     (153,572)  
Interest and other income 8,476 21,946 23,145 61,140
Interest expense (1,717,707) (1,573,070) (3,396,328) (3,136,329)
Net loss $ (6,746,601) $ (11,873,047) $ (17,811,871) $ (24,556,029)
Per share information:        
Net loss per common share: Basic (in dollars per share) $ (0.27) $ (0.51) $ (0.72) $ (1.06)
Net loss per common share: Diluted (in dollars per share) $ (0.27) $ (0.51) $ (0.72) $ (1.07)
Weighted average shares outstanding: Basic (in shares) 24,769,083 23,332,096 24,769,083 23,074,550
Weighted average shares outstanding: Diluted (in shares) 24,769,083 23,370,335 24,769,083 23,116,253
Net loss $ (6,746,601) $ (11,873,047) $ (17,811,871) $ (24,556,029)
Foreign currency gains (losses) (6,690) 11,266 4,593 32,782
Unrealized gains (losses) on available-for-sale securities   (3,430) 971 5,849
Comprehensive loss $ (6,753,291) $ (11,865,211) $ (17,806,307) $ (24,517,398)