XML 13 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Collaboration revenue $ 10,008,431 $ 0 $ 17,006,507 $ 0
Total revenues 10,008,431 0 17,006,507 0
Operating expenses:        
Research and development 13,217,925 4,246,488 21,143,636 8,944,950
General and administrative 2,194,184 2,238,134 4,957,209 4,814,261
Total operating expenses 15,412,109 6,484,622 26,100,845 13,759,211
Loss from operations (5,403,678) (6,484,622) (9,094,338) (13,759,211)
Other income (expense):        
Interest income 218,639 34,377 389,480 61,355
Interest expense (186,986) (17,500) (284,313) (35,000)
Other expense (44,862) (3,400) (50,461) (10,173)
Total other (expense) income (13,209) 13,477 54,706 16,182
Net loss (5,416,887) (6,471,145) (9,039,632) (13,743,029)
Other comprehensive income (loss):        
Net unrealized (losses) gains on marketable securities (3,476) 13,241 (16,493) 22,884
Comprehensive loss $ (5,420,363) $ (6,457,904) $ (9,056,125) $ (13,720,145)
Net loss per share, basic and diluted $ (0.19) $ (0.30) $ (0.33) $ (0.65)
Weighted average shares outstanding used in computing net loss per share, basic and diluted 28,103,393 21,542,188 27,138,536 21,085,610