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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Revenue from licensing agreements $ 29,311 $ 30,131 $ 52,475 $ 51,128
Operating expenses:        
Research and development 3,694,097 7,238,985 8,902,802 13,531,176
General and administrative 1,415,719 2,063,729 6,044,053 4,752,925
Wind-down expense 3,803,448   3,803,448  
Total operating expenses 8,913,264 9,302,714 18,750,303 18,284,101
Loss from operations (8,883,953) (9,272,583) (18,697,828) (18,232,973)
Other income (expense):        
Change in fair value of warrant liability 5,568,634 988,367 5,846,862 641,037
Conversion of CIRM loan into a grant 8,916,641   8,916,641  
Gain on extinguishment of loan payable 242,931   242,931  
Write-down of fixed assets (3,332,736)   (3,332,736)  
Interest income 4,069 2,139 8,312 3,533
Interest expense (128) (146,267) (28,029) (331,623)
Other income (expense), net   (33,370) (2,100) 107,611
Total other expense, net 11,399,411 810,869 11,651,881 420,558
Net income (loss) $ 2,515,458 $ (8,461,714) $ (7,045,947) $ (17,812,415)
Basic and diluted net income (loss) per share [1] $ 0.22 $ (1.07) $ (0.66) $ (2.60)
Weighted average number of common shares outstanding, basic and diluted [1] 11,686,947 7,932,569 10,746,212 6,856,428
[1] * Adjusted for the 1-for-12 reverse stock split as discussed in Note 1.