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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
EXPENSES    
Research and development $ 3,852,973 $ 2,860,658
General and administrative 7,912,116 $ 4,760,145
Impairment of goodwill $ 11,070,991
Impairment of other intangible assets $ 6,670,345
Gain on property damage settlement (243,592)
Depreciation and amortization $ 23,269 $ 566,262
Former employee severance expense 967,683
TOTAL EXPENSES 23,827,032 $ 14,613,818
LOSS FROM OPERATIONS $ (23,827,032) (14,613,818)
OTHER (INCOME)/EXPENSES    
Loss on settlement of notes payable - related parties 1,907,772
Loss on settlement of notes payable 400,016
Other (income) expenses $ (6,357) (25,401)
Interest expense 273,503
TOTAL OTHER (INCOME)/EXPENSES $ (6,357) 2,555,890
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (23,820,675) (17,169,708)
Benefit from income taxes 0 2,816,884
NET LOSS $ (23,820,675) $ (14,352,824)
TOTAL BASIC AND DILUTED LOSS PER SHARE (in dollars per share) $ (1.28) $ (1)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING (in shares) 18,614,968 14,299,473
FULLY-DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING (in shares) 18,614,968 14,299,473