XML 21 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Foreign Currency Remeasurement
6 Months Ended
Jun. 30, 2016
Foreign Currency Remeasurement [Abstract]  
Foreign Currency Remeasurement
3. Foreign Currency Remeasurement
The U.S. dollar has been determined to be the functional currency for the net assets of the Company's laboratory facility in Germany. Transactions are recorded in the local currencies and are remeasured at each reporting date using the historical rates for nonmonetary assets and liabilities and exchange rates for monetary assets and liabilities at the balance sheet date. Exchange gains and losses from the remeasurement of monetary assets and liabilities are recognized in other income (loss). The Company recognized a gain of approximately $600 and $5,800, respectively, for the three-month and six-month periods ended June 30, 2016 and a gain of approximately $5,000 and a loss of approximately $10,700 for the three and six-month periods ended June 30, 2015, respectively.