Related Party Transactions
|
6 Months Ended | ||
---|---|---|---|
Jun. 30, 2014
|
|||
Related Party Transactions [Abstract] | |||
Related Party Transactions |
During the three and six months ended June 30, 2014 and 2013, we paid $361,294 and $901,319; and $345,235 and $770,699, respectively, to Intrexon Corporation (Intrexon) under the Exclusive Channel Collaboration Agreements (ECC Agreements) (See Note 7). Included in accounts payable and accrued expenses at June 30, 2014 and 2013 was $7,605 and $211,996, respectively, related to unpaid invoices received from Intrexon relating to work performed under the ECC Agreements. As of June 30, 2014 and 2013 Intrexon owned approximately 24% and 16%, respectively, of our outstanding common stock. |