|
Consolidated Statements of Operations and Comprehensive Loss (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
| Revenues | $ 110,000 | $ 407,708 | $ 390,625 |
| Operating expenses: | |||
| Research and development costs | 7,134,301 | 6,105,984 | 7,354,857 |
| General and administrative expenses | 5,254,915 | 4,247,037 | 5,839,188 |
| Depreciation and amortization | 244,725 | 211,143 | 187,050 |
| Total operating expenses | 12,633,941 | 10,564,164 | 13,381,095 |
| Operating loss | (12,523,941) | (10,156,456) | (12,990,470) |
| Other income (expense): | |||
| Interest income | 68,000 | 34,154 | 60,955 |
| Interest expense | (1,394,274) | (2,699) | (821) |
| Warrant modification expense | (5,017,156) | 0 | 0 |
| Gain (loss) from change in fair value of derivative instruments | (965,329) | 0 | 161,809 |
| Litigation settlement | 838 | 3,484 | 250,000 |
| Total other income (expense) | (7,307,921) | 34,939 | 471,943 |
| Net loss | (19,831,862) | (10,121,517) | (12,518,527) |
| Net loss per share - basic and diluted (in dollars per share) | $ (0.27) | $ (0.17) | $ (0.26) |
| Weighted average common shares outstanding - basic and diluted (in shares) | 72,279,210 | 58,153,929 | 48,340,557 |
| Comprehensive loss: | |||
| Net loss | (19,831,862) | (10,121,517) | (12,518,527) |
| Foreign currency translation adjustment | 7,241 | 0 | 0 |
| Comprehensive loss | $ (19,824,621) | $ (10,121,517) | $ (12,518,527) |