XML 41 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Collaboration and license revenue $ 9,623 $ 883 $ 18,861 $ 883
Grant revenue 260 102 596 127
Total revenue 9,883 985 19,457 1,010
Operating expenses:        
Research and development 13,533 5,403 24,179 10,132
General and administrative 5,882 2,134 12,092 3,518
Total operating expenses 19,415 7,537 36,271 13,650
Loss from operations (9,532) (6,552) (16,814) (12,640)
(Loss) Gain from remeasurement of fair value of warrants (16,735) 25 (26,077) (125)
Gain on extinguishment of convertible promissory notes   3,553   3,553
Interest expense   (996)   (2,350)
Other income, net 7 344 15 152
Net loss $ (26,260) $ (3,626) $ (42,876) $ (11,410)
Net loss per common share, basic and diluted $ (0.50) $ (12.27) $ (1.61) $ (38.61)
Weighted average common shares outstanding, basic and diluted 52,653,344 295,498 26,678,848 295,498