XML 19 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Licensing revenue $ 500,000 $ 500,000 $ 500,000
Operating expenses:      
Research and development 14,659,941 14,969,382 9,364,228
General and administrative 6,686,852 8,860,549 6,547,257
Acquisition costs   1,385,263  
Total operating expenses 21,346,793 25,215,194 15,911,485
Loss from operations (20,846,793) (24,715,194) (15,411,485)
Other income (expense):      
(Loss) gain from valuation of earn-out milestone liability (257,702) 213,949  
(Loss) gain from valuation of common stock warrant liability (61,246) 204,279 8,090,636
Investment income (loss), net 63,588 77,194 (12,744)
Interest expense (1,357,182) (1,326,438) (915,235)
Other (expense) income (1,749) 51,937 (2,530)
Total other (expense) income (1,614,291) (779,079) 7,160,127
Net loss (22,461,084) (25,494,273) (8,251,358)
Non-cash deemed dividend from beneficial conversion feature on convertible preferred stock     (4,601,410)
Net loss attributable to common shareholders $ (22,461,084) $ (25,494,273) $ (12,852,768)
Net loss per common share – basic and diluted (in Dollars per share) $ (1.03) $ (1.38) $ (0.95)
Weighted average common shares outstanding – basic and diluted (in Shares) 21,813,228 18,472,399 13,540,566