|
Consolidated Statements of Operations (USD $)
|
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
| Revenues: | ||
| License and collaboration revenue | $ 2,737,002 | $ 3,117,991 |
| Total revenues | 2,737,002 | 3,117,991 |
| Costs and expenses: | ||
| Research and development | 23,027,578 | 15,486,476 |
| General and administrative | 5,976,276 | 4,034,925 |
| Total costs and expenses | 29,003,854 | 19,521,401 |
| Loss from operations | (26,266,852) | (16,403,410) |
| Interest expense | (612,963) | (193,498) |
| Interest income | 29,617 | 39,002 |
| Income taxes | (18,000) | (32,921) |
| Net loss | $ (26,868,198) | $ (16,590,827) |
| Net loss per common share: | ||
| Basic & Diluted | $ (1.56) | $ (2.96) |
| Weighted average number of common shares: | ||
| Basic & Diluted | 17,260,768 | 5,607,539 |