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Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Revenues: |  |  |  |
Revenue under collaborative research and development arrangements | $ 4,335,236 | $ 3,107,781 | $ 8,580,807 | $ 4,543,508
Revenue under collaborative research and development arrangements with affiliated entity | 166,667 | 137,500 | 279,167 | 254,464
Grants and miscellaneous revenue | 784,775 | 556,381 | 1,593,341 | 1,361,333
Total revenues | 5,286,678 | 3,801,662 | 10,453,315 | 6,159,305
Operating expenses: |  |  |  |
Research and development | 16,688,511 | 9,607,281 | 26,114,831 | 17,832,761
General and administrative | 4,718,260 | 4,347,327 | 8,826,188 | 8,479,545
Gain on sale of assets | (1,000,000) | 0 | (1,000,000) | 0
Total operating expenses | 20,406,771 | 13,954,608 | 33,941,019 | 26,312,306
Loss from operations | (15,120,093) | (10,152,946) | (23,487,704) | (20,153,001)
Other income (expense): |  |  |  |
Interest and other income, net | 146,332 | 68,999 | 284,608 | 121,075
Change in fair value of common stock warrants | (49,773) | 824,390 | (51,000) | 318,464
Gain (loss) on investment in affiliated entity | 8,861,145 | (1,458,160) | 6,508,836 | (1,835,123)
Net loss | (6,162,389) | (10,717,717) | (16,745,260) | (21,548,585)
Net (gain) loss attributable to non-controlling interest | (85,861) | 6,443 | (84,769) | 15,851
Net loss attributable to Inovio Pharmaceuticals, Inc. | $ (6,248,250) | $ (10,711,274) | $ (16,830,029) | $ (21,532,734)
Net loss per common share attributable to Inovio Pharmaceuticals, Inc. stockholders: |  |  |  |
Basic (in USD per share) | $ (0.09) | $ (0.18) | $ (0.26) | $ (0.37)
Diluted (in USD per share) | $ (0.09) | $ (0.19) | $ (0.27) | $ (0.38)
Weighted average number of common shares outstanding used in per share calculations: |  |  |  |
Basic (in shares) | 67,655,975 | 60,232,498 | 64,198,528 | 57,722,938
Diluted (in shares) | 67,838,738 | 60,474,859 | 64,376,523 | 57,976,455

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