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CONDENSED STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 17 Months Ended | |
|---|---|---|---|
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Mar. 31, 2014
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Mar. 31, 2013
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Mar. 31, 2014
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| Operating expenses: | |||
| Derivative instrument issuance | $ 0 | $ 0 | $ 887,062 |
| Research and development | 929,213 | 41,209 | 3,056,206 |
| General and administrative | 669,289 | 13,131 | 1,878,369 |
| Marketing | 422,031 | 0 | 655,653 |
| Loss from operations | (2,020,533) | (54,340) | (6,477,290) |
| Other (expense) income: | |||
| Change in fair value of derivative liabilities | (27,991,000) | 0 | (28,168,000) |
| Interest (expense) income, net | (998,190) | 16 | (1,906,801) |
| Other (expense) income, net | (28,989,190) | 16 | (30,074,801) |
| Net loss | $ (31,009,723) | $ (54,324) | $ (36,552,091) |
| Basic and diluted net loss per common share | $ (11.45) | $ (0.02) | |
| Weighted average shares outstanding, basic and diluted | 2,708,217 | 2,188,880 | |
| X | ||||||||||
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- Definition
Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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| X | ||||||||||
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- Definition
Represents the amount of derivative instruments issuance expenses during the period. No definition available.
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