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Condensed consolidated and combined statements of operations and comprehensive loss (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating expenses        
Research and development $ 4,551,220 $ 1,247,103 $ 6,430,734 $ 1,820,070
General and administrative 1,081,173 369,757 1,815,997 793,622
Total operating expenses 5,632,393 1,616,860 8,246,731 2,613,692
Other income (expenses)        
Bank charges and financing costs (2,388) (1,769) (456,196) (3,603)
Change in fair value of derivative liabilities (Note 8) 14,501 947,886 928,430 947,886
Amortization and extinguishment of remaining discount on preferred shares upon conversion of preferred shares   (119,450) (1,884,233) (144,888)
Other income (expenses) 195,521 (21,309) 6,293 (7,472)
Total other income (expenses) 207,634 805,358 (1,405,706) 791,923
Net loss before income taxes (5,424,759) (811,502) (9,652,437) (1,821,769)
Income tax            
Net loss (5,424,759) (811,502) (9,652,437) (1,821,769)
Accretion for liquidation preference on preferred stock   (1,397,863) (1,132,893) (2,555,728)
Accretion for share issuance costs on preferred stock   (42,130) (19,551) (86,437)
Tax expense on preferred stock   (130,609) (100,291) (476,700)
Reversal of tax payable on preferred stock due to conversion of preferred stock     1,897,702  
Extinguishment of remaining share issuance costs due to conversion of preferred stock     (439,227)  
Total loss attributable to common stockholders (5,424,759) (2,382,104) (9,446,697) (4,940,634)
Basic and diluted loss per common stock (Note 7) $ (0.51) $ (7.89) $ (1.43) $ (16.37)
Basic and diluted weighted average common stock outstanding (Note 7) 10,675,260 301,745 6,606,091 301,745
Comprehensive loss:        
Net loss (5,424,759) (811,502) (9,652,437) (1,821,769)
Other comprehensive income - unrealized gain on available for sale securities 880   880  
Comprehensive loss $ (5,423,879) $ (811,502) $ (9,651,557) $ (1,821,769)