|
Condensed Balance Sheet (USD $)
|
Jun. 30, 2014
|
Dec. 31, 2013
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 38,104,488 |
$ 18,688,031 |
| Marketable securities (note 3) |
100,000 |
100,000 |
| Prepaid expenses and other current assets (note 4) |
901,297 |
507,165 |
| Total Current Assets |
39,105,785 |
19,295,196 |
| Restricted Cash Equivalents (note 14) |
78,156 |
196,130 |
| Equipment, Net (note 5) |
60,712 |
65,172 |
| Total Assets |
39,244,653 |
19,556,498 |
| Current Liabilities: |
|
|
| Accounts payable and accrued expenses (note 6) |
1,539,851 |
933,758 |
| Deferred Research and Development Arrangements (note 7) |
678,156 |
833,630 |
| Other Liabilities (note 8) |
134,466 |
129,564 |
| Warrant Liabilities (note 12) |
6,583,403 |
5,034,058 |
| Total Liabilities |
8,935,876 |
6,931,010 |
| Commitments and Contingencies (note 14) |
|
|
| Stockholders' Equity (note 10): |
|
|
| Preferred stock, par value $0.0001, 100,000,000 authorized shares, none issued and outstanding |
|
|
| Common stock, par value $0.0001, 500,000,000 authorized shares, 178,266,533 and 146,732,000 issued and 178,153,318 and 146,717,795 outstanding |
17,827 |
14,673 |
| Additional paid-in capital |
117,636,102 |
85,449,932 |
| Accumulated deficit |
(87,216,742) |
(72,810,707) |
| Treasury stock, 113,215 and 14,205 shares, at cost |
(128,410) |
(28,410) |
| Total Stockholders' Equity |
30,308,777 |
12,625,488 |
| Total Liabilities and Stockholders' Equity |
$ 39,244,653 |
$ 19,556,498 |