Inhibitor Therapeutics (INTI) 10-Q10 Oct 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 10, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'HPPI	'
Entity Registrant Name	'HedgePath Pharmaceuticals, Inc.	'
Entity Central Index Key	'0001042418	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	211,419,937

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$375,865	$217
Deferred stock issuance costs	'	10,000
Other current assets	47,240	'
Total current assets	423,105	10,217
Total assets	423,105	10,217
Current liabilities:	'	'
Accounts payable	330,952	287,072
Notes payable	41,920	68,428
Accrued payroll liabilities	6,427	'
Accrued interest	847	1,923
Other liabilities	52,500	52,500
Due to related party	'	366,130
Total current liabilities	432,646	776,053
Commitments and contingencies (note 8)	'	'
Stockholders' deficit:	'	'
Preferred stock value	0	'
Common Stock, $0.0001 par value; 340,000,000 shares authorized; 211,419,937 and 18,888,971 shares issued and outstanding in 2014 and 2013, respectively	21,142	1,889
Additional paid-in capital	31,844,187	27,479,913
Common stock subscription receivable- related party	-550,000	'
Accumulated deficit	-31,324,870	-28,247,655
Total stockholders' deficit	-9,541	-765,836
Total liabilities and stockholders' deficit	423,105	10,217
Series A Preferred Stock [Member]	'	'
Stockholders' deficit:	'	'
Preferred stock value	'	$17

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	9,500,000	9,500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	340,000,000	340,000,000
Common stock, shares issued	211,419,937	18,888,971
Common stock, shares outstanding	211,419,937	18,888,971
Series A Preferred Stock [Member]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	170,001
Preferred stock, shares outstanding	0	170,001

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		9 Months Ended
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Total Revenues:	'	'	'	'
Expenses:	'	'	'	'
Chapter 11 expenses	'	'	'	117,324
Research and development expenses	166,963	1,050,004	2,122,770	1,050,004
General and administrative	571,127	242,435	917,914	619,235
Total Expenses:	738,090	1,292,439	3,040,684	1,786,563
Loss from operations	-738,090	-1,292,439	-3,040,684	-1,786,563
Interest expense	-1,979	'	-36,531	'
Gain on reorganization	'	'	'	166,676
Net loss	($740,069)	($1,292,439)	($3,077,215)	($1,619,887)
Basic and diluted net loss per share	($0.01)	($0.07)	($0.05)	($0.09)
Weighted average common stock shares outstanding	130,115,236	18,888,971	56,949,513	17,620,984

CONDENSED_STATEMENT_OF_STOCKHO

CONDENSED STATEMENT OF STOCKHOLDERS' DEFICIT (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Common Stock Subscriptions Receivable - Related Party [Member]	Accumulated Deficit [Member]	Series A Preferred Stock [Member]
Beginning balance at Dec. 31, 2013	'	'	'	'	'	$17
Beginning balance at Dec. 31, 2013	-765,836	1,889	27,479,913	'	-28,247,655	'
Beginning balance, shares at Dec. 31, 2013	0	'	'	'	'	170,001
Beginning balance, shares at Dec. 31, 2013	18,888,971	18,888,971	'	'	'	'
Issuance of preferred and common stock for related party debt forgiveness	189,768	253	189,508	'	'	7
Issuance of preferred and common stock for related party debt forgiveness , shares	'	2,530,227	'	'	'	71,636
Issuance of warrants for debt forgiveness	450,000	'	450,000	'	'	'
Sale of common stock to related party	250,000	2,000	1,498,000	-1,250,000	'	'
Sale of common stock to related party, shares	'	20,000,000	'	'	'	'
Issuance of common stock warrants in acquisition of research and development license agreement	619,134	'	619,134	'	'	'
Issuance of preferred stock in acquisition of research and development license agreement	1,290,726	'	1,290,700	'	'	26
Issuance of preferred stock in acquisition of research and development license agreement, shares	'	'	'	'	'	258,363
Collection of stock subscription receivable	700,000	'	'	700,000	'	'
Conversion of preferred stock to common stock	'	17,000	-16,950	'	'	-50
Conversion of preferred stock to common stock, Shares	'	170,000,739	'	'	'	-500,000
Stock compensation expense	333,882	'	333,882	'	'	'
Net loss	-3,077,215	'	'	'	-3,077,215	'
Ending balance at Sep. 30, 2014	0	'	'	'	'	'
Ending balance at Sep. 30, 2014	($9,541)	$21,142	$31,844,187	($550,000)	($31,324,870)	'
Ending balance, shares at Sep. 30, 2014	0	'	'	'	'	0
Ending balance, shares at Sep. 30, 2014	211,419,937	211,419,937	'	'	'	'

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net loss	($3,077,215)	($1,619,887)
Adjustments to reconcile net loss to net cash flows from operating activities:	'	'
In-process research and development purchased with the issuance of preferred stock and common stock warrants	1,909,860	1,020,004
Non-cash interest expense	24,666	'
Stock based compensation	333,882	'
Changes in assets and liabilities:	'	'
Prepaid expense and other current assets	-37,240	78,733
Accounts payable and other current liabilities	61,307	-9,087
Net cash flows from operating activities before reorganization items	-784,740	-530,237
Reorganization items:	'	'
Gain on reorganization	'	-166,676
Decrease in liabilities subject to compromise	'	-357,265
Net cash flows from operating activities	-784,740	-1,054,178
Financing activities:	'	'
Proceeds from related party advances	273,638	196,588
Proceeds from sale of common stock and collection of stock subscription receivable, related party	950,000	'
Payment on notes payable	-63,250	'
Net cash flows from financing activities	1,160,388	196,588
Net change in cash and cash equivalents	375,648	-857,590
Cash and cash equivalents at beginning of period	217	857,702
Cash and cash equivalents at end of period	375,865	112
Supplemental disclosure of non-cash financing activity:	'	'
Reclassification of deposit to preferred stock	'	30,000
Promissory notes issued in payment of related party obligations	'	152,000
Issuance of common stock for common stock subscription receivable	1,250,000	'
Common Stock [Member]	'	'
Supplemental disclosure of non-cash financing activity:	'	'
Issuance of stock in debt forgiveness transaction	189,768	'
Warrants [Member]	'	'
Supplemental disclosure of non-cash financing activity:	'	'
Issuance of stock in debt forgiveness transaction	450,000	'
Board Members And Officers [Member]	'	'
Supplemental disclosure of non-cash financing activity:	'	'
Stock payments to officers and directors (liabilities subject to compromise) in lieu of cash payments under the Bankruptcy Plan	'	$152,000

Corporate_overview

Corporate overview	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Corporate overview	'
	1	Corporate overview:
	Overview
	The accompanying unaudited condensed financial statements of HedgePath Pharmaceuticals, Inc., a Delaware corporation (the “Company”, “HPPI”, “we”, “us” or similar terminology) as successor to Commonwealth Biotechnologies, Inc., a Virginia corporation (“CBI”), have been prepared by the Company without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of September 30, 2014, and for all periods presented, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the Securities and Exchange Commission (“SEC”) rules and regulations. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2013, which are included in the Company’s 2013 Annual Report on Form 10-K, filed with the SEC on April 15, 2014 (the “2013 Annual Report”). The accompanying condensed balance sheet as of December 31, 2013 has been derived from the audited financial statements at that date, but does not include all information and footnotes required by GAAP for complete financial statements.
	As used herein, the term “Common Stock” means the Company’s common stock, $0.0001 par value per share.
	The results of operations for the three and nine month periods ended September 30, 2014 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year. Readers of this Quarterly Report are strongly encouraged to review the risk factors relating to the Company which are set forth in the 2013 Annual Report and our other filings with the SEC.
	The accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and satisfaction of liabilities of the Company in the normal course of business. If the Company is unable to raise required funding to continue to pursue its business plan, it may have to cease operations. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	Nature of the Business and Background
	The Company is a biopharmaceutical company that is seeking to discover, develop and commercialize innovative therapeutics for patients with certain cancers. The Company’s preliminary focus is on the development of therapies for skin, lung and prostate cancers in the U.S. market, with the first indication targeting basal cell carcinoma in patients with basal cell carcinoma nevus syndrome (also known as Gorlin Syndrome). The Company’s proposed therapy is based upon the use of a patented formulation of the currently marketed anti-fungal drug itraconazole. The Company believes that the dosing of oral capsules of this formulation (known as SUBA-Itraconazole) can affect the Hedgehog signaling pathway, a major regulator of many fundamental cellular processes, which, in turn, can impact the development and growth of cancers such as basal cell carcinoma. Itraconazole is FDA approved for and extensively used to treat fungal infections and has an extensive history of safe and effective use in humans. The Company has developed, optioned and licensed intellectual property and know-how related to the treatment of cancer patients using itraconazole and has applied for patents to cover the Company’s inventions.
	On January 20, 2011, the Company’s predecessor CBI (which had operated as a biotechnology company) filed a voluntary petition captioned In re Commonwealth Biotechnologies, Inc., Case No. 11-30381-KRH in the United States Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy Court”) seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code. On August 12, 2013, in furtherance of CBI’s plan of reorganization approved by the Bankruptcy Court, CBI effected a “short-form” reincorporation merger with HPPI, a newly created and wholly owned Delaware subsidiary of CBI, pursuant to which CBI merged with and into HPPI, with HPPI surviving the merger and with the effect of CBI becoming reincorporated as a Delaware corporation and changing its corporate name. Each outstanding share of CBI was converted into one share of HPPI. HPPI’s Certificate of Incorporation (and thus the Certificate of Incorporation of the Company) authorizes the issuance of up to 340,000,000 shares of Common Stock, and 10,000,000 shares of preferred stock, par value $0.0001 per share.
	On August 13, 2013, the Company entered into a Contribution Agreement, dated as of August 13, 2013 (the “Contribution Agreement”), by and between the Company and Hedgepath, LLC, a related party (“HPLLC”) pursuant to which, in exchange for the right to receive 170,001 shares of the Company’s newly created Series A Convertible Preferred Stock (the “Series A Preferred Stock”), representing 90% of the fully diluted voting securities of the Company as of the date of issuance (or 170,000,739 shares of Common Stock on an as converted basis), HPLLC contributed and/or assigned various assets and contract rights to the Company associated with the itraconazole cancer therapy business presently conducted by the Company. The Company has expensed, as in-process research and development; approximately $1 million for the fair value of the preferred stock issued. The fair value of the preferred stock was calculated by taking 90% of the market capitalization on the date the assets were contributed to reflect 90% ownership exchanged for the assets contributed by HPLLC. In accordance with its terms, all issued shares of Series A Preferred Stock were originally subject to conversion into an aggregate of 170,000,739 shares of Common Stock. Such conversion took place on August 14, 2014 at a reduced conversion rate in accordance with terms of the Equity Holders Agreement discussed elsewhere in this Note 1.
	Mayne Pharma Supply and License Agreement
	On September 3, 2013, the Company entered into an exclusive Supply and License Agreement (the “Supply and License Agreement”) with Mayne Pharma International Pty Ltd., a company incorporated in Australia (“MPI”), pursuant to which MPI agreed to: (i) supply the Company with its patented formulation of the drug itraconazole, in a particular dose formulation (the “Product”) for the treatment of human patients with cancer via oral administration (the “Field”) (with the initial areas of investigation being skin, lung and prostate cancer) in the United States (the “Territory”), (ii) provide the Company with an exclusive license to use and develop the intellectual property related to the Product in the Field and in the Territory and (iii) participate in a joint development committee with the Company to clinically develop the Product in the Field and in the Territory. The Company expects to pursue the development of the Product for treatment of a variety of cancers (initially basal cell carcinoma in patients with Gorlin Syndrome) with a focus on clinical development, seeking regulatory approvals and, if regulatory approval is obtained, marketing in the United States.
	Subject to earlier termination if certain conditions (“Conditions”) were not met (which Conditions were subsequently eliminated as described further below), the term of the Supply and License Agreement shall last until the later of: (i) 10 years from the target launch date of the Product for the treatment of human patients with cancer via oral administration or (ii) the date on which all issued patents of MPI or any of its affiliates referred to in the Supply and License Agreement have lapsed or expired. The Company entered into Amendment No. 1 and Amendment No. 2 to the Supply and License Agreement (the “Amended Supply and License Agreement”) with MPI to extend the date by which the Conditions were to be met from December 16, 2013.
	On June 24, 2014, the Company and Mayne Pharma Ventures Pty Ltd (“Mayne Pharma”), an Australian company and assignee of MPI’s rights, along with Nicholas J. Virca, the Company’s President and Chief Executive Officer (“Virca”), Frank O’Donnell, Jr., M.D., the Company’s Executive Chairman (“O’Donnell”) and HPLLC, consummated a series of related transactions to fulfill the Conditions in a manner mutually acceptable to the Company and Mayne Pharma. In connection therewith, the Company and Mayne Pharma entered into an Amended and Restated Supply and License Agreement as of June 24, 2014 (the “Amended and Restated Supply and License Agreement”) principally to eliminate the Conditions and related early termination rights of Mayne Pharma.
	Mayne Pharma Securities Purchase Agreement
	On June 24, 2014, the Company and Mayne Pharma entered into a Securities Purchase Agreement (the “Mayne Purchase Agreement”). Pursuant to the Mayne Purchase Agreement, the Company (i) issued 258,363 shares of Series A Preferred Stock (the “Mayne Series A Shares”) and (ii) issued, upon closing of a separate Securities Purchase Agreement, dated June 24, 2014 (as described further below, the “HPLLC Purchase Agreement”) by and between the Company and HPLLC, a warrant to purchase 10,250,569 shares of Common Stock (the “Mayne Make-Up Warrant”). The Mayne Series A Shares converted into 87,843,897 shares of Common Stock on August 14, 2014 pursuant to the terms of the Equity Holders Agreement (discussed below) and in accordance with the terms of the Series A Preferred Stock. The Mayne Make-Up Warrant has an exercise price of $0.0878 per share and may be exercised at any time, from time to time, by Mayne Pharma prior to the expiration on June 24, 2019. In conjunction with the execution of the Mayne Purchase Agreement, the Company has expensed, as in-process research and development costs, approximately $1.9 million for the fair value of the preferred stock and warrant issued. The value of the issued stock was calculated by taking approximately 42% of the market capitalization on the date the agreement was entered into to reflect the 42% ownership exchanged for entering into the agreement. The value of the warrant was calculated by using the Black-Scholes valuation model that uses assumptions for expected volatility (104.9%), expected dividends (none), expected term (5 years), and risk-free interest rate (1.7%). Expected volatilities are based on historical volatilities of peer companies. The risk-free rate is based upon the U.S. Treasury yield curve in effect at the time of the grant for the period of the expected term.
	HPLLC Purchase Agreement
	On June 24, 2014, the Company and HPLLC entered into the HPLLC Purchase Agreement, pursuant to which the Company sold HPLLC 20,000,000 shares of Common Stock at a purchase price of $0.075 per share for an aggregate purchase price of $1,500,000. As of September 30, 2014, a total of $950,000 has been funded, with the remaining $550,000 to be funded in monthly installments through December 31, 2014 pursuant to the promissory note (the “HPLLC Note”) issued by HPLLC to the Company on June 24, 2014. Funds received under this transaction are being used by the Company for research and development as well as for general and administrative expenses (note 4).
	Equity Holders Agreement
	On June 24, 2014, in fulfillment of one of the Conditions of the Supply and License Agreement, and as a condition of the Mayne Purchase Agreement and in consideration for Mayne Pharma not exercising its right to terminate the Supply and License Agreement, the Company, Mayne Pharma, HPLLC, O’Donnell and Virca (together, the “Equity Holder Parties”) entered into an Equity Holders Agreement (the “Equity Holders Agreement”). The Equity Holders Agreement governs the rights and obligations of each of the parties as they pertain to the Company’s securities and to the present and future governance of the Company. Pursuant to the Equity Holders Agreement:

		•	Mayne Pharma and HPLLC each agreed not to offer, pledge, sell, contract to sell, swap or enter into any other transfer arrangement any of their Company securities until June 24, 2015 (the “Lock-Up Period”) without prior written consent of the other Equity Holder Parties, except for in limited circumstances as described in the Equity Holders Agreement;

		•	Mayne Pharma and HPLLC each agreed that on August 14, 2014 (or within 2 business days thereafter) each will convert all of its Series A Preferred Stock into shares of Common Stock at a rate of 1 for 340 shares of Common Stock notwithstanding, any prior contractual conversion arrangements thereafter. Subsequently, on August 14, 2014, all 500,000 shares of Series A Preferred Stock converted into 170,000,739 shares of Common Stock of the Company;

		•	Mayne Pharma, HPLLC, Virca and O’Donnell each agreed that during the Lock-Up Period none of them will own greater than 49.5% of the Common Stock of the Company on a fully-diluted basis (such ownership to include individual and affiliate ownership) and that after the Lock-Up Period and until June 24, 2019, each of the Equity Holder Parties will provide written notice to each of the other Equity Holder Parties if their ownership (together with affiliates) exceeds, or is going to exceed, 49.5%;

		•	Mayne Pharma and its affiliates (the “Mayne Pharma Group”) have been granted a right of first refusal to purchase a pro rata share of any new securities issued by the Company, such pro rata share to be determined based upon the number of shares of Common Stock held by Mayne Pharma Group on a fully diluted basis as compared to the number of shares of Common Stock outstanding immediately prior to the offering of the new securities on a fully diluted basis;

		•	Mayne Pharma has been granted the right until June 24, 2016 to introduce accredited investors to the Company to participate in a private offering of the Company’s securities (with some exceptions as described in the Equity Holders Agreement). In the event that the Company contemplates a private offering of its securities, such accredited investors introduced by Mayne Pharma to have the right to participate in up to 50% of the private offering;

		•	Mayne Pharma has the right to immediately designate one director to the Company’s Board of Directors (the “Board”) and to designate a second director if the size of the Board is increased to seven directors until the earlier to occur of: (i) the date that the Amended and Restated Supply and License Agreement is terminated or expires, or (ii) the date on which the Mayne Pharma Group ceases to own ten percent (10%) or more of the issued and outstanding Common Stock on a fully diluted basis (the “Voting Rights Termination Date”);

		•	The Equity Holder Parties agree that if HPLLC fails to satisfy certain performance goals, defaults under the HPLLC Note, or breaches any provisions of the HPLLC Note then the Company has the right to declare that 17,647 shares of Series A Preferred Stock (or the Common Stock equivalent upon conversion thereof) be forfeited and Mayne Pharma has the right to purchase such forfeited shares; and

		•	The Equity Holder Parties agree that if HPLLC defaults under the HPLLC Note or breaches any provisions of the HPLLC Note, then Mayne Pharma has the right to demand the resignation of O’Donnell.
	In addition to the foregoing, the Equity Holder Parties also agreed that the Company would seek to meet certain goals for the commercialization of the Product (the “Commercialization Goals”) and certain funding goals for the Company (the “Funding Goals”). In the event that the Company fails to achieve the Commercialization Goals or the Funding Goals, Mayne Pharma has the right to demand the resignation of O’Donnell and/or Virca from their positions with the Company. In the event that O’Donnell or Virca do not submit their resignations in a timely manner, Mayne Pharma can terminate the Amended and Restated Supply and License Agreement. Additionally, if the Commercialization Goals are not achieved, the Company has the right to declare that HPLLC forfeit 17,647 shares of Series A Preferred Stock (now equal to approximately six million shares of Common Stock following the conversion of the Series A Preferred Stock in August 2014).
	If O’Donnell or Virca are required to resign pursuant to the Equity Holders Agreement, then, notwithstanding the Employment Agreement between the Company and Virca or the Executive Chairman Agreement between the Company and O’Donnell, no severance, compensation, consideration or other payment will be due or payable in connection therewith and O’Donnell or Virca, as the case may be, will forfeit all then unvested options, warrants, restricted stock units, or other right to acquire Common Stock (or securities convertible into Common Stock) and will waive any claim to severance pay. Furthermore, upon such resignation or termination, Mayne Pharma will have the right to purchase by written notice to O’Donnell or Virca, as the case may be, all Company securities owned by O’Donnell or Virca, including vested options, vested warrants, vested restricted stock units and the like individually held by O’Donnell and/or Virca or otherwise transferred by either of them, as the case may be, at the fair market value (as such term is defined in the Equity Holders Agreement) as of the date of such resignation or termination.
	The Equity Holders Agreement terminates if (i) the Company receives an adjudication of bankruptcy, the Company executes an assignment for the benefit of creditors, a receiver is appointed for the Company or the Company is voluntarily or involuntarily dissolved or (ii) the Company, HPLLC and Mayne Pharma expressly agree in writing. Additionally, certain limited provisions of the Equity Holders Agreement terminate at such time as the Mayne Pharma Group collectively owns less than ten percent (10%) of the Common Stock on a fully diluted basis.
	Related Party Debt Forgiveness Agreement
	Following the Company’s emergence from bankruptcy in August 2013, certain expenses had been incurred for officer salary, travel, legal and patent expenses. These expenses, totaling $639,768, were paid by HPLLC on behalf of the Company. This debt was forgiven pursuant to a Debt Forgiveness Agreement, dated June 24, 2014 (the “Debt Forgiveness Agreement”), which was entered into by the Company and HPLLC as a condition of closing of the Mayne Purchase Agreement and was accounted for as a capital transaction due to the related party nature of the agreement. Pursuant to the Debt Forgiveness Agreement, HPLLC waived, canceled and forgave payment from the Company of the aforementioned $639,768 of indebtedness previously advanced by HPLLC to the Company in exchange for 2,530,227 shares of Common Stock, 71,636 shares of Series A Preferred Stock (the “Debt Forgiveness Series A Shares”) and a warrant (the “Debt Forgiveness Warrant”) to purchase 10,250,569 shares of Common Stock. The Debt Forgiveness Series A Shares together with Series A Preferred Shares previously issued to HPLLC converted into 82,156,842 shares of Common Stock on August 14, 2014 pursuant to the terms of the Equity Holders Agreement and in accordance the with the terms of the Series A Preferred Stock. The Debt Forgiveness Warrant may be exercised by HPLLC at an exercise price of $0.0878 per share at any time, from time to time, prior to the expiration of the Debt Forgiveness Warrant on June 24, 2019.

Liquidity_and_managements_plan

Liquidity and management's plans	9 Months Ended
	Sep. 30, 2014
Text Block [Abstract]	'
Liquidity and management's plans	'
	2	Liquidity and management’s plans:
	The Company presently has very limited cash resources and requires significant additional financing for its research and development, commercialization and distribution efforts and its working capital and intends to finance these activities primarily through:

	•		public and private financings and, potentially, from strategic transactions;

	•		potential partnerships with other pharmaceutical companies to assist in the supply, manufacturing and distribution of its products for which the Company would expect to receive upfront milestone and royalty payments;

	•		potential licensing and joint venture arrangements with third parties, including other pharmaceutical companies where the Company would receive funding based on out-licensing its product; and

	•		seeking government or private foundation grants which would be awarded to the Company to further develop its current and future anti-cancer therapies.
	However, there can be no assurance that any of these plans will be implemented on commercially reasonable terms, if at all.
	There is substantial doubt about the Company’s ability to continue as a going concern. The Company’s current independent registered public accounting firm has included a paragraph emphasizing “going concern” uncertainty in their audit report on the 2013 financial statements. The financial statements included herein do not include any adjustments relating to the recoverability or classification of asset carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.
	The Company had cash and cash equivalents of approximately $376,000 as of September 30, 2014.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	3	Summary of Significant Accounting Policies:
	Estimates
	The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.
	Revenue Recognition
	The Company currently has no ongoing source of revenues. Any miscellaneous income is recognized when earned by the Company.
	Cash and Cash Equivalents
	The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. At times, the Company may maintain cash balances in excess of Federal Deposit Insurance Corporation insured amounts.
	Research and Development Expenses
	Research and development costs are expensed in the period in which they are incurred and include the expenses paid to third parties who conduct research and development activities on behalf of the Company.
	Recent accounting pronouncements:
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles-based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. The new standard will be effective for the Company in the first quarter of the year ending December 31, 2017 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. Early adoption is not permitted. The Company will evaluate the impact of adoption of the new standard on its financial statements upon commencement of revenue generating activities.
	Accounting for Enterprises in Reorganization
	Financial Accounting Standards Board (“ FASB”) Accounting Standards Codification (“ASC”) Topic 852—Reorganizations (“ASC Topic 852”), which is applicable to companies in Chapter 11, generally does not change the manner in which financial statements are prepared. However, it does require that the financial statements for periods subsequent to the filing of the Chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Revenues, expenses, realized gains and losses, and provisions for losses that can be directly associated with the reorganization and restructuring of the business must be reported separately as reorganization items in the statements of operations beginning in the quarter ending March 31, 2011. The balance sheet must distinguish prepetition liabilities subject to compromise from both those prepetition liabilities that are not subject to compromise and from post-petition liabilities. Liabilities that may be affected by a plan of reorganization must be reported at the amounts expected to be allowed by the applicable bankruptcy court, even if they may be settled for lesser amounts. In addition, cash flows from reorganization items must be disclosed separately in the statement of cash flows. The Company became subject to ASC Topic 852 effective on January 20, 2011, and segregated those items as outlined above for all reporting periods after such date. The Company officially emerged from bankruptcy on April 17, 2013, followed by the reincorporation merger and contribution of assets by HPLLC, which satisfied the final condition to effectiveness of the Company’s reorganization plan as detailed in Note 1. Accordingly, all pre-petition liabilities had been settled as of December 31, 2013, and there are no further reorganization items requiring recognition in the 2014 statement of operations.
	Income Taxes
	Deferred tax assets and liabilities are recognized for future tax consequences attributed to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that are expected to apply to the differences in the periods that they are expected to reverse. Management has evaluated the guidance relating to accounting for uncertainty in income taxes and has determined that the Company had no uncertain income tax positions that could have a significant effect on the consolidated financial statements for the nine months ended September 30, 2014 or 2013.

Notes_Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Notes Receivable	'
	4	Notes Receivable:
	Pursuant to the HPLLC Note (as described in note 1), commencing on June 30, 2014 and ending on December 31, 2014, HPLLC must make monthly payments to the Company in accordance with the terms and conditions of that note. The Company has the right, in its sole discretion, to request an advance payment of part or all of the principal of the HPLLC Note from HPLLC. The HPLLC Note bears no interest except upon an event of default in which case interest accrues at 18% per annum. In the event that HPLLC defaults on part or all of the HPLLC Note, the Company has the right to declare by written notice that HPLLC forfeit some or all of the 20,000,000 shares of Common Stock shares sold to HPLC in consideration for the note as well as 17,647 shares of Series A Preferred Stock (now equal to approximately six million shares of Common Stock following the conversion of the Series A Preferred Stock in August 2014 discussed in Note 1) held by HPLLC. The balance due under the HPLLC Note as of September 30, 2014 was $550,000 and is classified as a common stock subscription receivable in the accompanying 2014 condensed balance sheet.

Notes_Payable

Notes Payable	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Notes Payable	'
	5	Notes Payable:
	On August 1, 2013, the Company formalized amounts due to two former employees and a former director of CBI by issuing three non-interest bearing promissory notes. The two employee notes totaling approximately $62,000 were due on November 1, 2013. Interest began accruing at 18% per annum on the unpaid principal on November 1, 2013, in accordance with the specified terms. On
	January 31, 2014, the Company extended the two former employee notes to March 31, 2014 while adding accrued interest through January 31, 2014 and an additional $3,000 to the principal balance of each. Additional extensions were entered into in May 2014 to extend the maturity to July 12, 2014, which includes additional principal of approximately $9,000 each along with accrued and unpaid interest through May 13, 2014. On July 10, 2014, a partial payment of $57,000 was made by the Company and the maturity was extended to December 31, 2014, with an interest rate of 9% per annum effective July 10, 2014. The note balance, including accrued interest is $42,767 at September 30, 2014
	The former director non-interest bearing note of approximately $6,000 was due the later of five days following the date on which the Company has raised $1 million, or November 1, 2013. Interest began accruing at a rate of 5% per annum on November 1, 2013 in accordance with the specified terms. The former director note and the related accrued and unpaid interest were paid in full on July 2, 2014.

Other_liabilities

Other liabilities	9 Months Ended
	Sep. 30, 2014
Other Liabilities Disclosure [Abstract]	'
Other liabilities	'
	6	Other liabilities
	Pursuant to the Contribution Agreement dated August 13, 2013, HPLLC, which owned a certain claim against CBI in the amount of $52,500, payable to a third party service provider, contributed such claim to the Company. The Company has agreed to issue to such service provider a number of restricted shares of its Common Stock to be determined based on the valuation of the shares to be issued to purchasers in connection with the Company’s planned offering of securities as described in CBI’s Amended Plan of Reorganization. Such shares of Common Stock are to be issued to such service provider within five (5) business days of the final determination of such valuation (as memorialized in the final transaction documentation for such offering).

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Stockholders' Equity	'
	7	Stockholders’ Equity:
	Employee Stock Plans
	On July 18, 2014, a 2014 Equity Incentive Plan (“EIP”) was adopted by the Company’s Board of Directors. On September 30, 2014, the EIP was approved by the majority of stockholders pending delivery of required notice to all Company stockholders. The 2014 EIP authorizes the issuance of up to 32,583,475 shares of the Company’s common stock. In July 2014, 15,041,738 restricted stock units (“RSUs”) were granted (subject to approval of the EIP by the Company’s stockholders) to the Company’s Chief Executive Officer, Nicholas J. Virca, and shall vest upon the earlier to occur of (i) September 3, 2016 or (ii) the acceptance by the FDA of a New Drug Application (“NDA”) by the Company for any Company product candidate with a cancer indication utilizing the Company’s licensed SUBA-itraconazole technology, provided that Mr. Virca is actively employed by the Company on the earlier of such date. An additional 1.5 million RSUs were issued to various Board members and officers with the same vesting schedule and subject to the same stockholder approval requirement. In August 2014, 7,000,000 RSUs were issued to the Company’s Chief Financial Officer, Garrison J. Hasara. Of those RSUs, 50% shall vest upon the earlier to occur of (i) September 3, 2016 or (ii) the acceptance by the FDA of a NDA by the Company for any Company product candidate with a cancer indication utilizing the Company’s licensed SUBA-itraconazole technology, provided that Mr. Hasara is actively employed by the Company on the earlier of such date. The balance of the RSUs will vest September 3, 2017.
	Going forward, incentive awards may be in the form of stock options, restricted stock, restricted stock units and performance and other awards. In the case of incentive stock options, the exercise price will not be less than 100% of the fair market value of shares covered at the time of the grant, or 110% for incentive stock options granted to persons who own more than 10% of the Company’s voting stock. Options granted will generally vest over a three-year period from the date of grant and will be exercisable for ten years, except that the term may not exceed five years for incentive stock options granted to persons who own more than 10% of the Company’s outstanding common stock.
	Total stock-based compensation for the three and nine months ended September 30, 2014 was $333,882 and is classified as research and development expense and general and administrative expense in the accompanying condensed statements of operation. There was approximately $3.5 million in unamortized stock-based compensation relating the RSUs at September 30, 2014, which is expected to be recognized over the next 3 years. The fair value of restricted stock units is determined using quoted market prices of the Company’s common stock on date of issuance and the number of shares expected to vest.
	Issuance of Restricted Stock
	In April 2013, restricted shares were issued to CBI’s CEO, one CBI board member and one former CBI officer for a portion of their approved claims. The number of shares issued, which totaled 3,328,467, was determined by using a per share price equal to the average of the 30 day closing price of Common Stock and was valued at $152,000.
	Issuance of Preferred and Common Stock
	Upon entering into the Amended and Restated Supply and License Agreement with Mayne Pharma, the Company issued 258,363 shares of Series A Preferred Stock to Mayne Pharma. The fair value of such issued shares of Series A Preferred Stock has been accounted for as in-process research and development totaling approximately $1.3 million and is included in research and development expense for the nine months ended September 30, 2014.
	See note 1 for discussion of Series A Preferred Stock issued for related party debt forgiveness.
	See note 1 for discussion of Common Stock issued for Common Stock subscription.
	Warrants
	Pursuant to the Mayne Purchase Agreement (note 1), warrants to purchase 10,250,569 shares of the Company’s common stock at $0.0878 was granted to Mayne Pharma. The warrants will expire on June 24, 2019. The fair value of warrants has been accounted for as in-process research and development totaling approximately $0.6 million and is included in research and development expense for the nine months ended September 30, 2014.
	Pursuant to the Debt Forgiveness Agreement (note 1) with HPLLC, warrants to purchase 10,250,569 shares of the Company’s common stock at $0.0878 was granted to HPLLC. The warrants will expire on June 24, 2019. The amount of debt forgiven of $450,000 was recorded as additional paid-in capital for the nine months ended September 30, 2014.

Legal_Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Legal Proceedings	'
	8	Legal Proceedings:
	Chien Connecticut Case
	In October 2012, Andrew Chien (“Chien”), an alleged shareholder of our predecessor, CBI, filed suit in Connecticut state court (later removed to the United States District Court for the District of Connecticut (the “CT District Court”)) against CBI, Dr. Richard J. Freer (a director and officer of CBI) (“Freer”), and the law firm LeClairRyan (the “Chien Connecticut Case”).
	In October 2012, the CT District Court in the Chien Connecticut Case entered an Order dismissing Chien’s claims without prejudice on account of CBI’s pending Chapter 11 bankruptcy.
	Chien filed various motions in response to the CT District Court’s decision dismissing the claims asserted against Freer and LeClairRyan, including a motion for reconsideration. On Thursday, May 29, 2014, the presiding judge issued several orders. The CT District Court granted Chien’s request that he be allowed to proceed with the fifth and six claims he asserted against CBI in his Complaint, namely (i) a claim for relief entitled “Securities Fraud and Fiduciary Duty Violation against CBI” and (ii) a claim for relief entitled “Fiduciary Duty violation against CBI” (collectively, the “Chien Claims”). A related scheduling order provided that CBI had until June 20, 2014 to answer or otherwise respond to the Complaint. We have retained LeClairRyan to serve as CBI’s counsel in the Chien Connecticut Case. On June 20, 2014, LeClairRyan filed on CBI’s behalf a motion to dismiss seeking a dismissal with prejudice of the Chien Claims. LeClairRyan also filed on CBI’s behalf a motion to stay discovery. On August 5, 2014, the CT District Court granted CBI’s motion to stay discovery. The parties are now awaiting a final decision on CBI’s motion to dismiss.
	The Company strongly refutes as without merit the Chien’s claims and will vigorously defend the lawsuit
	Chien Virginia Case
	In April 2013, Chien filed an adversary proceeding to recover monetary and injunctive relief against CBI and Freer in the United States Bankruptcy Court for the Eastern District of Virginia (the “EDVA Bankruptcy Court”). On June 19, 2013, the EDVA Bankruptcy Court held a hearing on CBI’s and Freer’s motions to strike and / or dismiss Chien’s adversary proceeding Complaint. At the conclusion of the June 19, 2013 hearing the EDVA Bankruptcy Court granted CBI’s and Freer’s motions to strike and / or dismiss and ordered that Chien’s adversary proceeding be dismissed. On July 1, 2013, the EDVA Bankruptcy Court entered a Memorandum Opinion memorializing its decision. Chien perfected an appeal of the EDVA Bankruptcy Court’s decision (the “Bankruptcy Appeal”) to the United States District Court for the Eastern District of Virginia (the “EDVA District Court”).
	On August 14, 2014, the EDVA District Court dismissed the case and the matter was closed by the court on September 16, 2014.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2014
Accounting Policies [Abstract]	'
Estimates	'
	Estimates
	The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.
Revenue Recognition	'
	Revenue Recognition
	The Company currently has no ongoing source of revenues. Any miscellaneous income is recognized when earned by the Company.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. At times, the Company may maintain cash balances in excess of Federal Deposit Insurance Corporation insured amounts.
Research and Development Expenses	'
	Research and Development Expenses
	Research and development costs are expensed in the period in which they are incurred and include the expenses paid to third parties who conduct research and development activities on behalf of the Company.
Recent Accounting Pronouncements	'
	Recent accounting pronouncements:
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements of Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” and most industry-specific guidance on revenue recognition throughout the ASC. The new standard is principles-based and provides a five step model to determine when and how revenue is recognized. The core principle of the new standard is that revenue should be recognized when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also requires disclosure of qualitative and quantitative information surrounding the amount, nature, timing and uncertainty of revenues and cash flows arising from contracts with customers. The new standard will be effective for the Company in the first quarter of the year ending December 31, 2017 and can be applied either retrospectively to all periods presented or as a cumulative-effect adjustment as of the date of adoption. Early adoption is not permitted. The Company will evaluate the impact of adoption of the new standard on its financial statements upon commencement of revenue generating activities.
Accounting for Enterprises in Reorganization	'
	Accounting for Enterprises in Reorganization
	Financial Accounting Standards Board (“ FASB”) Accounting Standards Codification (“ASC”) Topic 852—Reorganizations (“ASC Topic 852”), which is applicable to companies in Chapter 11, generally does not change the manner in which financial statements are prepared. However, it does require that the financial statements for periods subsequent to the filing of the Chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Revenues, expenses, realized gains and losses, and provisions for losses that can be directly associated with the reorganization and restructuring of the business must be reported separately as reorganization items in the statements of operations beginning in the quarter ending March 31, 2011. The balance sheet must distinguish prepetition liabilities subject to compromise from both those prepetition liabilities that are not subject to compromise and from post-petition liabilities. Liabilities that may be affected by a plan of reorganization must be reported at the amounts expected to be allowed by the applicable bankruptcy court, even if they may be settled for lesser amounts. In addition, cash flows from reorganization items must be disclosed separately in the statement of cash flows. The Company became subject to ASC Topic 852 effective on January 20, 2011, and segregated those items as outlined above for all reporting periods after such date. The Company officially emerged from bankruptcy on April 17, 2013, followed by the reincorporation merger and contribution of assets by HPLLC, which satisfied the final condition to effectiveness of the Company’s reorganization plan as detailed in Note 1. Accordingly, all pre-petition liabilities had been settled as of December 31, 2013, and there are no further reorganization items requiring recognition in the 2014 statement of operations.
Income taxes	'
	Income Taxes
	Deferred tax assets and liabilities are recognized for future tax consequences attributed to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that are expected to apply to the differences in the periods that they are expected to reverse. Management has evaluated the guidance relating to accounting for uncertainty in income taxes and has determined that the Company had no uncertain income tax positions that could have a significant effect on the consolidated financial statements for the nine months ended September 30, 2014 or 2013.

Corporate_Overview_Additional_

Corporate Overview - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Aug. 13, 2013

Sep. 30, 2014

Aug. 14, 2014

Jun. 24, 2014

Sep. 30, 2014

Aug. 12, 2013

Jun. 24, 2014

Aug. 13, 2013

Sep. 30, 2014

Aug. 14, 2014

Sep. 30, 2014

Jun. 24, 2014

Sep. 30, 2014

Dec. 31, 2013

Aug. 13, 2013

Sep. 30, 2014

Aug. 14, 2014

Sep. 30, 2014

Jun. 24, 2014

Sep. 30, 2014

Aug. 12, 2013

Aug. 14, 2014

Aug. 12, 2013

Aug. 13, 2013

Jun. 24, 2014

Sep. 30, 2014

Jun. 24, 2014

Contribution Agreement [Member]

Supply And License Agreement [Member]

Mayne Pharma Securities Purchase Agreement [Member]

Mayne Pharma, HPLLC, Virca and O'Donnell [Member]

Mayne Pharma [Member]

Commonwealth Biotechnologies, Inc. [Member]

Hedgepath LLC [Member]

Series A Preferred Stock [Member]

Common Stock [Member]

Preferred Stock [Member]

Preferred Stock and Warrant[Member]

Warrants [Member]

Maximum [Member]

Equity Holders Agreement [Member]

Maximum [Member]

Minimum [Member]

Related Party Debt Forgiveness Agreement [Member]

Scenario, Forecast [Member]

Contribution Agreement [Member]

Equity Holders Agreement [Member]

Mayne Pharma and HPLLC [Member]

Hedgepath LLC [Member]

Maximum [Member]

Series A Preferred Stock [Member]

Maximum [Member]

Hedgepath LLC [Member]

Mayne Pharma Securities Purchase Agreement [Member]

Equity Holders Agreement [Member]

Director

Equity Holders Agreement [Member]

Related Party Debt Forgiveness Agreement [Member]

Mayne Pharma and HPLLC [Member]

Equity Holders Agreement [Member]

Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]

Common stock, par value

$0.00

Conversion ratio

Issuance of HPPI's shares to CBI's shareholders, stock

340,000,000

10,000,000

Par value assigned stock after merger

$0.00

Percentage of convertible preferred stock representing diluted voting securities

90.00%

Number of shares in exchange for right to receive

170,001

Common stock , Shares issued

211,419,937

18,888,971

170,000,739

2,530,227

Research and development expense

$166,963

$1,050,004

$2,122,770

$1,050,004

$1,900,000

Percentage of market capitalization of assets

90.00%

Percentage of ownership exchanged for the assets

90.00%

Supply and License Agreement from the date of the first commercial sale of the product

'10 years

Preferred stock , shares Issued

258,363

170,001

71,636

Warrant share, issued

10,250,569

Converted common stock

87,843,897

Warrant exercise price

0.0878

Market capitalization agreement rate

42.00%

Ownership exchanged agreement rate

42.00%

49.50%

Debt Forgiveness Warrant expiration period

24-Jun-19

Expected volatility rate used for calculation of value of warrant

104.90%

Expected term used for calculation of value of warrant

'5 years

Risk free interest rate used in calculation of value of warrant

1.70%

Common stock issued under stock purchase agreement, shares

20,000,000

Common stock issued under stock purchase agreement, price per share

$0.08

Aggregate purchase price for common stock issued under stock purchase agreement

1,500,000

Proceeds from issue of common stock

950,000

Remaining amount of proceeds from issue of common stock

550,000

Common stock, conversion basis

'At a rate of 1 for 340 shares of Common Stock

Preferred stock converted to common stock

-500,000

500,000

170,000,739

Converted common stock

170,000,739

Right to participate in private offerings

50.00%

Percentage of voting right

10.00%

Number of directors for immediate placement

Number of total directors for the addition of a Mayne Pharma placed director

Preferred stock shares to be forfeited

17,647

Common Stock following conversion of preferred stock

6,000,000

Due to related party

366,130

639,768

Converted common stock

82,156,842

Forgiveness of payment

$639,768

$189,768

$450,000

Recovered_Sheet1

Liquidity and Management's Plans - Additional Information (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jan. 04, 2013
Reorganizations [Abstract]	'	'	'	'
Cash and cash equivalents	$375,865	$217	$112	$857,702

Notes_Receivable_Additional_In

Notes Receivable - Additional Information (Detail) (USD $)	9 Months Ended
Notes Receivable - Additional Information (Detail) (USD $)	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Interest accrues	18.00%
Stock subscription receivable	$550,000
Common stock shares, forfeited	20,000,000
Series A Preferred Stock [Member]	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Preferred stock shares, forfeited	17,647
Common Stock following conversion of preferred stock	6,000,000

Notes_Payable_Additional_Infor

Notes Payable - Additional Information (Detail) (Promissory Notes [Member], USD $)	0 Months Ended		0 Months Ended				0 Months Ended
	Aug. 01, 2013	Sep. 30, 2014	Jul. 10, 2014	Aug. 01, 2013	31-May-14	Jan. 31, 2014	Aug. 01, 2013
	Employees		Employees [Member]	Employees [Member]	Employees [Member]	Employees [Member]	Board Member [Member]
	Promissory_Notes
Debt Instrument [Line Items]	'	'	'	'	'	'	'
Number of non-interest promissory notes	3	'	'	'	'	'	'
Number of employees for notes	2	'	'	'	'	'	'
Notes due	'	'	'	$62,000	$9,000	$3,000	$6,000
Interest to be paid on default of promissory note	'	'	'	18.00%	'	'	5.00%
Note balance, including accrued interest	'	42,767	'	'	'	'	'
Promissory note due period	'5 days	'	'	'	'	'	'
Fund amount to be raise under condition one	1,000,000	'	'	'	'	'	'
Expected maturity date under condition two	1-Nov-13	'	'	'	'	'	'
Debt interest rate	'	'	9.00%	'	'	'	'
Debt Instrument, Periodic Payment, Principal	'	'	$57,000	'	'	'	'

Other_Liabilities_Additional_I

Other Liabilities - Additional Information (Detail) (Contribution Agreement [Member], USD $)	9 Months Ended
	Sep. 30, 2014	Aug. 13, 2013
	Sep. 30, 2014	Commonwealth Biotechnologies, Inc. [Member]
Other Liabilities [Line Items]	'	'
Hedgepath,LLC's claim against CBI	'	$52,500
Maximum number of days after determination of valuation within which the securities should be offered	'5 days	'

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Aug. 31, 2014

Sep. 30, 2014

Apr. 30, 2013

Sep. 30, 2014

Series A Preferred Stock [Member]

Mayne [Member]

Hedgepath LLC [Member]

Restricted Stock Units [Member]

Employee Stock Option [Member]

Commonwealth Biotechnologies, Inc. [Member]

Equity Incentive Plan [Member]

Warrants [Member]

Series A Preferred Stock [Member]

Warrants [Member]

CEO [Member]

More Than 10% Common Stock Owners [Member]

Minimum [Member]

Maximum [Member]

CEO, Board Member, And Former Officer [Member]

Restricted Stock [Member]

2014 [Member]

More Than 10% Common Stock Owners [Member]

Employee

CEO, Board Member, And Former Officer [Member]

Restricted Stock Units [Member]

Office

CEO [Member]

Board Members And Officers [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares authorized to be issued under Equity Incentive Plan

32,583,475

Restricted stock issued during the period

3,328,467

15,041,738

1,500,000

RSUs issued to Chief Financial Officer

7,000,000

RSUs vesting percentage

50.00%

Exercise price as percentage of fair market value of shares

110.00%

100.00%

Minimum percentage of the company's voting stock ownership for 110% exercise price of stock options

10.00%

Options granted vesting period

'3 years

Period during which options are exercisable

'10 years

'5 years

Total Stock based compensation expense

$333,882

Unamortized stock-based compensation cost related to RSU recognition period

'3 years

Unamortized stock-based compensation cost related to RSU

3,500,000

Period considered to compute average closing price of common stock

'30 days

Number of board member to whom restricted shares were issued

Number of former officer to whom restricted shares were issued

Market value of restricted stock issued during the period

152,000

Preferred stock, shares issued

170,001

258,363

Research and development expenses

166,963

1,050,004

2,122,770

1,050,004

1,300,000

Warrants issued during the period

10,250,569

Warrant exercise price

0.0878

Warrant expiration date

24-Jun-19

Fair value adjustment of warrants

600,000

Additional paid -in capital

$31,844,187

$27,479,913

$450,000