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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue:      
Licensing revenue $ 300,000 $ 100,000 $ 250,000
Expenses:      
Research and development 17,500,469 12,684,793 15,491,301
General and administrative 10,273,576 8,353,330 7,317,169
Depreciation and amortization 120,399 113,936 95,517
Total Expenses 27,894,444 21,152,059 22,903,987
Loss before other income (27,594,444) (21,052,059) (22,653,987)
Other income (loss):      
Interest income 137,676 131,666 207,217
Other income, net 183,025 191,416 205,194
Gain (loss) on warrant liability (20,210,094) 2,766,704 7,915,027
Loss before provision for income taxes (47,483,837) (17,962,273) (14,326,549)
Income tax expense (1,600) (1,600) (97,996)
Net loss $ (47,485,437) $ (17,963,873) $ (14,424,545)
Basic and diluted loss per share $ (1.44) $ (0.78) $ (0.80)
Basic weighted average shares outstanding (in shares) 32,891,202 22,973,905 17,935,895
Diluted weighted average shares outstanding (in shares) 32,891,202 22,973,905 17,935,895