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Condensed Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012
Revenues: |  |  |  |
License fee and milestone revenue | $ 8,388,760 | $ 22,495 | $ 8,417,330 | $ 68,240
License fee and milestone revenue from affiliated entity | 106,250 | 106,250 | 318,750 | 318,750
Revenue under collaborative research and development arrangements with affiliated entity |  | 116,234 | 0 | 116,234
Grants and miscellaneous revenue | 991,835 | 609,717 | 2,991,600 | 2,480,675
Total revenues | 9,486,845 | 854,696 | 11,727,680 | 2,983,899
Operating expenses: |  |  |  |
Research and development | 5,438,405 | 4,972,319 | 14,964,599 | 13,541,984
General and administrative | 3,282,796 | 2,674,362 | 9,303,535 | 7,859,359
Gain on sale of assets | 0 | (500,000) | (1,000,000) | (1,151,000)
Total operating expenses | 8,721,201 | 7,146,681 | 23,268,134 | 20,250,343
Income (Loss) from operations | 765,644 | (6,291,985) | (11,540,454) | (17,266,444)
Other income (expense): |  |  |  |
Interest and other income, net | 46,787 | 37,013 | 123,638 | 109,593
Change in fair value of common stock warrants | (34,952,210) | (1,113,638) | (39,579,704) | (1,067,029)
Gain (Loss) on investment in affiliated entity | 3,248,926 | 736,121 | 380,791 | (817,796)
Net loss | (30,890,853) | (6,632,489) | (50,615,729) | (19,041,676)
Net loss attributable to non-controlling interest | 13,443 | 10,413 | 41,611 | 31,472
Net loss attributable to Inovio Pharmaceuticals, Inc. | $ (30,877,410) | $ (6,622,076) | $ (50,574,118) | $ (19,010,204)
Loss per common share—basic and diluted: |  |  |  |
Net loss per share attributable to Inovio Pharmaceuticals, Inc. stockholders (in USD per share) | $ (0.16) | $ (0.05) | $ (0.29) | $ (0.14)
Weighted average number of common shares outstanding—basic and diluted | 191,956,155 | 135,389,308 | 176,183,075 | 135,108,699

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