• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
INCOME    
Collaboration income $ 3,776,041 $ 4,166,667
Grant income 1,741,607 620,033
TOTAL INCOME 5,517,648 4,786,700
OPERATING EXPENSES    
Research and development 13,757,279 7,787,384
General and administrative 4,372,195 3,017,301
TOTAL OPERATING EXPENSES 18,129,474 10,804,685
LOSS FROM OPERATIONS (12,611,826) (6,017,985)
OTHER INCOME (EXPENSE)    
Investment income 3,113 1,898
Interest expense (248,626) (200,505)
TOTAL OTHER INCOME (EXPENSE) (245,513) (198,607)
NET LOSS (12,857,339) (6,216,592)
OTHER COMPREHENSIVE GAIN    
Net unrealized gain on marketable securities 9,385 980
COMPREHENSIVE LOSS $ (12,847,954) $ (6,215,612)
Net loss per share, basic and diluted (in dollars per share) $ (0.81) $ (0.53)
Weighted average number of shares, basic and diluted (in shares) 15,902,133 11,696,980