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Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2012
Revenues: |  |
License and milestone revenue | $ 0 | $ 7,523,438
Research revenue | 0 | 186,233
Total revenues | 0 | 7,709,671
Operating expenses: |  |
Research and development | 5,122,864 | 2,281,196
General and administrative | 3,635,690 | 1,551,199
Reverse merger costs | 1,011,630 | 0
Settlement for termination of certain rights in stock purchase agreement | 913,446 | 0
Total operating expenses | 10,683,630 | 3,832,395
Operating income (loss) | (10,683,630) | 3,877,276
Other income, net | 38,476 | 10,313
Income (loss) before income tax expense | (10,645,154) | 3,887,589
Income tax benefit (expense) | 55,048 | (684)
Net income (loss) | (10,590,106) | 3,886,905
Basic earnings (loss) per share attributable to common stock (in dollars per share) | $ (1.44) | $ 0.85
Weighted average common shares outstanding, basic (in shares) | 7,363,076 | 4,455,790
Diluted earnings (loss) per share attributable to common stock (in dollars per share) | $ (1.44) | $ 0.85
Weighted average common shares outstanding, diluted (in shares) | 7,363,076 | 4,455,790
Comprehensive income (loss) | $ (10,590,106) | $ 3,886,905

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