Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Collaboration revenue $ 396,598 $ 113,636 $ 793,196 $ 113,636
Operating expenses:        
Research and development 3,567,003 1,707,256 5,740,936 2,430,686
General and administrative 1,021,225 969,076 2,131,114 1,780,945
Total operating expenses 4,588,228 2,676,332 7,872,050 4,211,631
Operating loss (4,191,630) (2,562,696) (7,078,854) (4,097,995)
Other income (expense):        
Interest income (expense), net 4,049 155 (1,311) (264)
Foreign currency exchange loss (1,810) (1,467)
Other income (expense), net 2,239 155 (2,778) (264)
Net loss $ (4,189,391) $ (2,562,541) $ (7,081,632) $ (4,098,259)
Net loss per share, basic and diluted $ (0.11) $ (0.10) $ (0.19) $ (0.16)
Weighted average number of common shares outstanding, basic and diluted 38,748,452 26,901,100 38,176,831 26,434,174