XML 15 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Revenues:        
Product sales $ 589,947 $ 761,664 $ 1,171,195 $ 1,489,297
License fee and other revenues 25,403   36,228  
Research and development 55,754 241,127 194,559 585,492
Total revenues 671,104 1,002,791 1,401,982 2,074,789
Costs and Expenses:        
Costs of goods sold 64,519 68,983 122,783 145,269
Research and development 14,261,676 10,364,850 27,174,806 19,756,867
Sales and marketing 386,696 174,795 530,217 403,432
General and administrative 1,655,841 1,856,036 3,380,135 5,675,228
Total costs and expenses 16,368,732 12,464,664 31,207,941 25,980,796
Operating loss (15,697,628) (11,461,873) (29,805,959) (23,906,007)
Interest expense (1,369,956)   (2,739,911)  
Interest and other income 83,762 11,216 175,720 36,288
Foreign currency transaction gain (loss), net 6,950 11,899 (3,511) 162
Loss before income tax benefit (expense) (16,976,872) (11,438,758) (32,373,661) (23,869,557)
Income tax benefit (expense) 3,204,250 (26,892) 3,185,000 (38,855)
Net loss (13,772,622) (11,465,650) (29,188,661) (23,908,412)
Less: Net loss attributable to noncontrolling interest (26,572) (30,415) (48,789) (62,757)
Net loss attributable to Immunomedics, Inc. stockholders $ (13,746,050) $ (11,435,235) $ (29,139,872) $ (23,845,655)
Loss per common share attributable to Immunomedics, Inc. stockholders (basic and diluted) $ (0.15) $ (0.12) $ (0.31) $ (0.26)
Weighted average shares used to calculate loss per common share, (basic and diluted) 94,664,758 93,157,279 94,630,292 93,127,741
Other comprehensive loss, net of tax:        
Foreign currency translation adjustments $ (54,739) $ (79,703) $ (37,271) $ (257,833)
Unrealized loss on securities available for sale securities (112,964) (5,999) (79,267) (10,451)
Other comprehensive loss (167,703) (85,702) (116,538) (268,284)
Comprehensive loss (13,940,325) (11,551,352) (29,305,199) (24,176,696)
Less comprehensive loss attributable to noncontrolling interest (26,572) (30,415) (48,789) (62,757)
Comprehensive loss attributable to Immunomedics, Inc. stockholders $ (13,913,753) $ (11,520,937) $ (29,256,410) $ (24,113,939)