v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
|
12 Months Ended |
|
|
|
Revenue: |
|
|
|
Licensing revenue |
$ 300,000 |
$ 100,000 |
$ 250,000 |
Expenses: |
|
|
|
Research and development |
17,500,469 |
12,684,793 |
15,491,301 |
General and administrative |
10,273,576 |
8,353,330 |
7,317,169 |
Depreciation and amortization |
120,399 |
113,936 |
95,517 |
Total Expenses |
27,894,444 |
21,152,059 |
22,903,987 |
Loss before other income |
(27,594,444) |
(21,052,059) |
(22,653,987) |
Other income (loss): |
|
|
|
Interest income |
137,676 |
131,666 |
207,217 |
Other income, net |
183,025 |
191,416 |
205,194 |
Gain (loss) on warrant liability |
(20,210,094) |
2,766,704 |
7,915,027 |
Loss before provision for income taxes |
(47,483,837) |
(17,962,273) |
(14,326,549) |
Income tax expense |
(1,600) |
(1,600) |
(97,996) |
Net loss |
$ (47,485,437) |
$ (17,963,873) |
$ (14,424,545) |
Basic and diluted loss per share |
$ (1.44) |
$ (0.78) |
$ (0.80) |
Basic weighted average shares outstanding (in shares) |
32,891,202 |
22,973,905 |
17,935,895 |
Diluted weighted average shares outstanding (in shares) |
32,891,202 |
22,973,905 |
17,935,895 |
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Total costs of sales and operating expenses for the period.
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Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7(a),(b))
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Subparagraph a, b
-Article 5
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Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity.
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+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 5
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The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
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