Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Total revenue $ 4,074,786 $ 25,037,592 $ 13,342,699 $ 25,579,597
Operating expenses:        
Cost of product sales 3,111,290 0 5,397,872 0
Research and development 1,047,877 964,574 3,780,352 2,411,293
Acquired in-process research and development, including transaction costs 18,723,952 0 18,723,952 0
General and administrative 1,884,293 2,151,859 7,833,612 4,921,269
Sales and marketing 2,310,760 0 5,889,137 0
Amortization expense 1,065,398 0 3,315,843 0
Impairment of intangible assets 159,687 0 1,861,562 0
Total operating expenses 28,303,257 3,116,433 46,802,330 7,332,562
(Loss) income from operations (24,228,471) 21,921,159 (33,459,631) 18,247,035
Other (expense) income:        
Change in fair value of contingent consideration, warrant liability and unit purchase option liability (87,838) 64 (383,179) (1,586)
Other income 0 0 18,655 0
Interest (expense) income, net (234,854) 29,387 (577,664) (53,991)
Total other (expense) income, net (322,692) 29,451 (942,188) (55,577)
Net (loss) income before taxes (24,551,163) 21,950,610 (34,401,819) 18,191,458
Income tax expense 52,412 3,230,000 92,076 3,230,000
Net (loss) income $ (24,603,575) $ 18,720,610 $ (34,493,895) $ 14,961,458
Net income (loss) per share of common stock, basic and diluted (in dollars per share) $ (0.71) $ 0.52 $ (1.05) $ 0.65
Weighted average shares of common stock outstanding, basic (in shares) 34,648,641 21,382,683 32,749,291 14,952,391
Weighted average shares of common stock outstanding, diluted (in shares) 34,648,641 21,407,702 32,749,291 14,960,032
Product revenue, net        
Revenues        
Total revenue $ 4,074,786 $ 0 $ 13,045,824 $ 0
Sales force revenue        
Revenues        
Total revenue 0 0 296,875 0
License and other revenue        
Revenues        
Total revenue 0 25,000,000 0 25,000,000
Grant revenue        
Revenues        
Total revenue $ 0 $ 37,592 $ 0 $ 579,597