|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 37,223,590 |
$ 33,297,970 |
| Short-term investments |
19,016,347 |
13,659,812 |
| Prepaid expenses |
838,420 |
629,935 |
| Deferred financing costs |
309,927 |
1,516,424 |
| Other receivables |
129,019 |
424,501 |
| Total current assets |
57,517,303 |
49,528,642 |
| Property and equipment, net |
5,513,555 |
1,602,103 |
| Restricted cash |
1,325,000 |
|
| Other assets |
11,020 |
550 |
| Total assets |
64,366,878 |
51,131,295 |
| Current liabilities |
|
|
| Accounts payable |
1,860,491 |
1,317,072 |
| Other accrued expenses |
1,405,378 |
1,800,794 |
| Current portion of notes payable |
30,885 |
45,447 |
| Total current liabilities |
3,296,754 |
3,163,313 |
| Long-term portion of notes payable |
19,796,545 |
7,014,106 |
| Long-term portion of manufacturing research and development obligation |
3,475,552 |
|
| Long-term portion of facility lease obligation |
3,380,223 |
|
| Deferred liability |
3,066,000 |
3,066,000 |
| Commitments |
|
|
| Stockholders’ (deficit) equity |
|
|
| Preferred stock $0.001 par value; 0 and 5,000,000 shares authorized as of December 31, 2013 and 2014; 0 shares issued and outstanding as of December 31, 2013 and 2014 |
|
|
| Common stock $0.001 par value; 120,000,000 and 200,000,000 shares authorized as of December 31, 2013 and 2014; 235,707 and 19,657,412 shares issued and outstanding as of December 31, 2013 and 2014 |
19,657 |
236 |
| Accumulated other comprehensive loss |
(124,841) |
(102,531) |
| Additional paid-in capital |
235,627,174 |
75,189,950 |
| Accumulated deficit |
(204,170,186) |
(150,864,248) |
| Total stockholders’ (deficit) equity |
31,351,804 |
(75,776,593) |
| Total liabilities, redeemable convertible preferred stock and stockholders’ (deficit) equity |
64,366,878 |
51,131,295 |
| Series A Preferred Stock [Member] |
|
|
| Current liabilities |
|
|
| Temporary stock |
|
332,869 |
| Series B Preferred Stock [Member] |
|
|
| Current liabilities |
|
|
| Temporary stock |
|
5,521,437 |
| Series C Preferred Stock [Member] |
|
|
| Current liabilities |
|
|
| Temporary stock |
|
2,655,884 |
| Series D Preferred Stock [Member] |
|
|
| Current liabilities |
|
|
| Temporary stock |
|
33,262,492 |
| Series E Preferred Stock [Member] |
|
|
| Current liabilities |
|
|
| Temporary stock |
|
$ 71,891,787 |