XML 33 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Collaboration revenue (note 9) $ 4,044,000 $ 5,296,000 $ 8,054,000 $ 10,297,000
Royalties 2,000 2,000 2,000 2,000
Revenues 4,046,000 5,298,000 8,056,000 10,299,000
Operating expenses:        
Research and development 3,669,000 2,566,000 7,096,000 5,099,000
General and administrative 2,058,000 1,213,000 3,629,000 2,513,000
Total operating expenses 3,847,000 3,920,000 13,994,000 7,889,000
Income (loss) from operations 199,000 1,378,000 (5,938,000) 2,410,000
Other income (expense):        
Interest income 163,000 137,000 315,000 278,000
Foreign exchange gain (loss) 806,000 (285,000) (2,365,000) (85,000)
Net income (loss) 1,168,000 1,230,000 (7,988,000) 2,603,000
Net income attributable to participating securities   1,230,000   2,603,000
Net income (loss) attributable to common shareholders $ 1,168,000 $ 0 $ (7,988,000) $ 0
Net income (loss) per common share (note 5):        
Basic $ 0.08   $ (0.56)  
Diluted $ (0.07)   $ (0.56)  
Weighted-average shares outstanding (note 5):        
Basic 14,241,827 1,347,237 14,227,203 1,346,274
Diluted 15,129,978 1,347,237 14,227,203 1,346,274
Other comprehensive income (loss):        
Foreign currency translation adjustment   $ 919,000   $ 10,000
Comprehensive income (loss) $ 1,168,000 2,149,000 $ (7,988,000) 2,613,000
General and Administrative [Member]        
Operating expenses:        
General and administrative - stock based compensation (note 3 and 6) $ (1,880,000) $ 141,000 $ 3,269,000 $ 277,000