Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Grant revenues $ 78 $ 9
Operating Expenses:    
Research and development 47,261 4,071
General and adminstrative 6,765 1,737
Total Operating Expenses 54,026 5,808
Loss from operations (53,948) (5,799)
Interest income 180 96
Realized gain on sale of marketable securities 0 1,359
Other expense 0 (7)
Fair value of warrant liabilities in excess of proceeds from financing 0 (946)
Loss on return of escrowed shares (1,686) (584)
Change in fair value of derivative liabilities (9,916) 5,730
Total other income (expense), net (11,422) 5,648
Loss before income taxes (65,370) (151)
Income tax benefit 15,248 52
Net loss (50,122) (99)
Comprehensive income (loss):    
Net loss (50,122) (99)
Unrealized gain on marketable securities, net of tax 0 236
Total comprehensive income (loss) $ (50,122) $ 137
Net loss per common share:    
Net loss per share, basic $ (0.08) $ 0.00
Net loss per share, diluted $ (0.08) $ (0.01)
Weighted average common shares outstanding, basic 630,316 326,779
Weighted average common shares outstanding, diluted 630,316 327,733