XML 32 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Licensing revenue $ 200,000 $ 100,000 $ 100,000
Expenses:      
Research and development 35,930,212 43,395,574 36,677,706
General and administrative 15,990,789 19,664,904 12,845,231
Depreciation and amortization 536,631 317,649 182,927
Total expenses 52,457,632 63,378,127 49,705,864
Loss before other income (expense) (52,257,632) (63,278,127) (49,605,864)
Other income (expense):      
Interest income 255,123 233,958 305,331
Interest expense (2,754,677) 0 0
Other income, net 159,148 20,151 132,114
Gain on warrant liabilities 3,827,617 4,437,628 19,051,239
Loss before provision for income taxes (50,770,421) (58,586,390) (30,117,180)
Provision for income taxes (800) (800) (800)
Net loss $ (50,771,221) $ (58,587,190) $ (30,117,980)
Basic and diluted net loss per share (in dollars per share) $ (0.63) $ (0.97) $ (0.55)
Basic and diluted weighted-average shares outstanding (in shares) 81,063,772 60,483,151 54,371,151