Annual report pursuant to Section 13 and 15(d)

Statements of Operations and Comprehensive Loss

v3.3.1.900
Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue:    
Collaboration revenue $ 6,250,000  
Total revenue 6,250,000  
Operating expenses:    
General and administrative 12,797,010 $ 9,403,254
Research and development 44,074,157 40,546,666
Total operating expenses 56,871,167 49,949,920
Loss from operations (50,621,167) (49,949,920)
Other income (expense):    
Change in fair value of warrant liability (70,387) 122,412
Miscellaneous income 174,338 184,015
Loss on asset disposal (7,864) (4,104)
Interest income 331,205 17,372
Interest expense (334,365) (70,650)
Total other income 92,927 249,045
Net loss (50,528,240) (49,700,875)
Accretion of redeemable convertible preferred stock   (28,521)
Net loss attributable to common stockholders (50,528,240) (49,729,396)
Other comprehensive income, net:    
Change in unrealized loss on marketable securities (187,074) (18,782)
Other comprehensive gains (187,074) (18,782)
Comprehensive loss $ (50,715,314) $ (49,748,178)
Per share information:    
Net loss per share of common stock, basic and diluted (in dollars per share) $ (1.15) $ (2.02)
Weighted average shares outstanding, basic and diluted (in shares) 43,794,276 24,655,603