Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

XML 33 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Revenue $ 2,931,931 $ 5,365,054
Operating expenses    
Research and development 8,244,751 5,600,421
General and administrative 8,368,215 6,962,891
Total operating expenses 16,612,966 12,563,312
Loss from operations (13,681,035) (7,198,258)
Interest expense, net (184,645) (2,654,727)
Other income/(expense), net 10,905 3,003
Loss before income taxes (13,854,775) (9,849,982)
Provision/(benefit) for income tax 203,866 (18)
Net Loss $ (14,058,641) $ (9,849,964)
Net loss per share Basic and diluted $ (0.41) $ (0.71)
Weighted average number of common shares outstanding Basic and diluted 34,392,636 13,872,390