XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
License revenue $ 0 $ 0 $ 0 $ 200,000
Expenses:        
Research and development 10,637,963 4,013,572 28,054,935 11,828,575
General and administrative 2,412,848 1,987,512 8,453,048 5,775,767
Total Expenses 13,050,811 6,001,084 36,507,983 17,604,342
Loss before other income (loss) (13,050,811) (6,001,084) (36,507,983) (17,404,342)
Other income (loss):        
Interest income 78,735 31,068 238,750 106,890
Other income, net 20,779 822 28,680 202,520
Gain (loss) on warrant derivative liability 7,326,049 (4,010,811) 19,560,350 (3,172,324)
Net loss $ (5,625,248) $ (9,980,005) $ (16,680,203) $ (20,267,256)
Basic and diluted net loss per share (in dollars per share) $ (0.10) $ (0.33) $ (0.31) $ (0.67)
Basic and diluted weighted-average shares outstanding (in shares) 55,703,715 30,443,293 53,918,141 30,426,460