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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS        
Revenue     $ 0  
Expenses:        
General and administrative $ 1,471,191 $ 2,523,104 6,825,473 $ 8,542,635
Research and development (38,256) 6,096,424 4,761,844 20,252,415
Impairment charge 5,169,000   5,169,000  
Restructuring charges 1,458,065   3,499,960  
Change in fair value of contingent consideration 1,164,000 1,123,000 3,326,000 3,252,000
Total expenses 9,224,000 9,742,528 23,582,277 32,047,050
Loss from operations (9,224,000) (9,742,528) (23,582,277) (32,047,050)
Change in fair value of derivative liabilities 23,481 431,358 96,642 2,073,581
Debt exchange expense       (818,541)
Loss on sale of equipment     (153,572)  
Interest and other income 7,926 21,614 31,071 82,754
Interest expense (1,758,926) (1,606,402) (5,155,254) (4,742,731)
Loss before income tax benefit (10,951,519) (10,895,958) (28,763,390) (35,451,987)
Income tax benefit 2,317,000   2,317,000  
Net loss $ (8,634,519) $ (10,895,958) $ (26,446,390) $ (35,451,987)
Per share information:        
Net loss per common share: Basic (in dollars per share) $ (0.35) $ (0.46) $ (1.07) $ (1.52)
Net loss per common share: Diluted (in dollars per share) $ (0.35) $ (0.46) $ (1.07) $ (1.52)
Weighted average shares outstanding: Basic (in shares) 24,769,083 23,830,978 24,769,083 23,329,464
Weighted average shares outstanding: Diluted (in shares) 24,769,083 23,864,931 24,769,083 23,369,342
Net loss $ (8,634,519) $ (10,895,958) $ (26,446,390) $ (35,451,987)
Foreign currency gains (losses) (20,216) (13,300) (15,623) 19,482
Unrealized gains (losses) on available-for-sale securities   3,796 971 9,645
Comprehensive loss $ (8,654,735) $ (10,905,462) $ (26,461,042) $ (35,422,860)