Statements of Operations and Comprehensive (Loss) Income - USD ($)	3 Months Ended	6 Months Ended
Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statements of Operations and Comprehensive (Loss) Income
Revenue		$ 20,035,375		$ 20,035,375
Costs and expenses:
Research and development expense	$ 5,781,176	7,842,884	$ 11,299,898	13,050,614
General and administrative expense	2,312,207	1,805,724	4,368,560	3,710,687
Total costs and expenses	8,093,383	9,648,608	15,668,458	16,761,301
(Loss) income from operations	(8,093,383)	10,386,767	(15,668,458)	3,274,074
Other income	21,813	2,638	41,910	6,202
Net loss and comprehensive loss	$ (8,071,570)	$ 10,389,405	$ (15,626,548)	$ 3,280,276
Earnings Per Share, Basic	$ (0.41)	$ 0.55	$ (0.80)	$ 0.17
Earnings Per Share, Diluted	$ (0.41)	$ 0.51	$ (0.80)	$ 0.16
Weighted Average Number of Shares Outstanding, Basic	19,793,202	19,011,960	19,432,520	18,986,746
Weighted Average Number of Shares Outstanding, Diluted	19,793,202	20,236,946	19,432,520	20,227,600

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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