Great Basin Scientific (GBSN) 10-Q 12 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 12, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	GBSN
Entity Registrant Name	Great Basin Scientific, Inc.
Entity Central Index Key	1,512,138
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		7,289,688

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 15,274,535	$ 2,017,823
Accounts receivable, net	344,029	267,485
Inventory	854,458	457,094
Prepaid and other current assets	373,774	376,778
Total current assets	16,846,796	3,119,180
Intangible assets, net	166,973	216,580
Property and equipment, net	6,669,371	4,237,467
Total assets	23,683,140	7,573,227
Current liabilities:
Accounts payable	2,008,594	1,369,169
Accrued expenses	934,459	612,359
Current portion of notes payable	31,404	49,994
Notes payable - related party, net of discount	491,667	441,667
Current portion of capital lease obligations	1,154,375	947,422
Total current liabilities	4,620,499	3,420,611
Notes payable, net of current portion		5,693
Capital lease obligations, net of current portion	1,544,995	2,156,837
Derivative liability	69,108,936	9,998,636
Total liabilities	$ 75,274,430	$ 15,581,777
Commitments and contingencies
Stockholders' deficit:
Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,678,500 and 0 shares issued and outstanding, respectively	$ 2,679
Common stock, $.001 par value: 200,000,000 shares authorized; 7,269,038 and 5,086,458 shares issued and outstanding, respectively	7,269	$ 5,086
Additional paid-in capital	64,416,399	55,991,060
Accumulated deficit	(116,017,637)	(64,004,696)
Total stockholders' deficit	(51,591,290)	(8,008,550)
Total liabilities and stockholders' deficit	$ 23,683,140	$ 7,573,227

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	2,678,500	0
Preferred stock, shares outstanding	2,678,500	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	7,269,038	5,086,458
Common stock, shares outstanding	7,269,038	5,086,458

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenues	$ 525,506	$ 402,446	$ 984,236	$ 751,581
Cost of sales	1,299,948	971,862	2,266,541	1,818,819
Gross loss	(774,442)	(569,416)	(1,282,305)	(1,067,238)
Operating expenses:
Research and development	1,902,296	1,026,035	3,405,854	1,840,272
Selling and marketing	919,699	533,041	1,725,817	1,167,283
General and administrative	1,276,555	800,290	2,337,207	1,406,285
(Gain) loss on sale of assets				(8,166)
Total operating expenses	4,098,550	2,359,366	7,468,878	4,405,674
Loss from operations	(4,872,992)	(2,928,782)	(8,751,183)	(5,472,912)
Other income (expense):
Interest expense	(309,785)	(312,176)	(615,367)	(504,785)
Interest income	9,035	519	13,332	1,438
Change in fair value of derivative liability	24,335,676		(42,658,473)
Total other income (expense)	24,034,926	(311,657)	(43,260,508)	(503,347)
Income (loss) before provision for income taxes	19,161,934	(3,240,439)	(52,011,691)	(5,976,259)
Provision for income taxes	(1,250)	(26)	(1,250)	(6,119)
Net income (loss)	$ 19,160,684	$ (3,240,465)	$ (52,012,941)	$ (5,982,378)
Net income (loss) per common share - basic	$ 3	$ (28.05)	$ (9.08)	$ (2.09)
Net income (loss) per common share - diluted	$ 0.71	$ (28.05)	$ (9.08)	$ (2.09)
Weighted average common shares - basic	6,383,605	115,510	5,726,493	2,855,837
Weighted average common shares - diluted	26,859,167	115,510	5,726,493	2,855,837

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (52,012,941)	$ (5,982,378)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	704,604	554,874
Change in fair value of derivative liability	42,658,473
(Gain) loss on sale of assets		(8,166)
Employee stock compensation	37,440	18,738
Debt discount amortization	50,000
Changes in operating assets and liabilities:
Increase in accounts receivable, net	(76,544)	(30,382)
Increase in inventory	(397,364)	(1,089)
Decrease (increase) in prepaid and other assets	3,004	(181,085)
Increase (decrease) in accounts payable	(172,762)	472,652
Increase in accrued liabilities	322,100	335,994
Net cash used in operating activities	(8,883,990)	(4,820,842)
Cash flows from investing activities:
Acquisition of property and equipment	(473,048)	(50,194)
Construction of equipment	(1,972,835)	(465,239)
Proceeds from sale of assets		35,000
Proceeds from sale leaseback		1,500,000
Net cash provided by (used in) investing activities	(2,445,883)	1,019,567
Cash flows from financing activities:
Proceeds from exercise of warrants	3,142,964
Proceeds from issuance of convertible notes payable		100,000
Proceeds from issuance of convertible notes payable - related party		300,000
Proceeds from issuance of preferred stock		3,072,209
Proceeds from follow-on offering	21,872,793
Proceeds from issuance of notes payable - related party	250,000	390,000
Principal payments of capital leases	(404,889)	(447,901)
Principal payments of notes payable	(24,283)	(21,708)
Principal payments of notes payable -related party	(250,000)	(390,000)
Net cash provided by financing activities	24,586,585	3,002,600
Net increase (decrease) in cash	13,256,712	(798,675)
Cash, beginning of the period	2,017,823	1,211,423
Cash, end of the period	15,274,535	412,748
Supplemental disclosures of cash flow information:
Interest paid	559,631	265,518
Income taxes paid	1,250	6,119
Supplemental schedule of non-cash investing and financing activities:
Assets acquired through capital leases		$ 807,272
Initial public offering and follow-on offering costs incurred but unpaid	171,169
Property and equipment included in accounts payable	641,018
Change in derivative liability from exercised and issued warrants	$ 5,247,073

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Description of Business	NOTE 1 DESCRIPTION OF BUSINESS Great Basin Scientific, Inc. (the “Company”) (d.b.a., Great Basin Corporation) is a Delaware corporation headquartered in Salt Lake City, Utah. The Company was originally incorporated as Diagnostic Micro Arrays, Inc., a Nevada corporation, on June 27, 2003. The Company changed its name to Great Basin Scientific, Inc. on April 19, 2006. On August 12, 2008, the Company took steps to change its corporate domicile from Nevada to Delaware by forming Great Basin Scientific, Inc., a Delaware corporation, and on August 29, 2008, Great Basin Scientific, Inc., a Nevada corporation, was merged with and into Great Basin Scientific, Inc., a Delaware corporation, wherein the Delaware corporation was the sole surviving entity. The Company is a molecular diagnostic testing company focused on improving patient care through the development and commercialization of its patented, molecular diagnostic platform designed to test for infectious disease, especially hospital-acquired infections. The Company’s focus is mainly on small to medium sized hospital laboratories, those under 400 beds, that are shifting from traditional testing methods to molecular methods of diagnosis. The Company’s platform includes an analyzer, which is provided for customers’ use without charge in the United States, and a diagnostic test cartridge, which is sold to customers. This platform combines both affordability and ease-of-use when compared to other commercially available molecular testing methods, which allows small to medium sized hospitals that traditionally could not afford more expensive molecular diagnostic systems to modernize their laboratory testing and provide better patient care. The Company currently has two commercially available tests, a diagnostic test for clostridium difficile, or C. diff

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These condensed unaudited financial statements have been prepared to reflect the financial position, results of operations and cash flows of the Company as of June 30, 2015 and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. The accompanying condensed financial statements and notes are unaudited. In management’s opinion, the unaudited interim financial statements have been prepared on the same basis as the audited financial statements for the year ended December 31, 2014 and include all adjustments, which include only normal recurring adjustments, necessary for the fair presentation of the Company’s financial position as of June 30, 2015 and its results of operations and cash flows for the three and six months ended June 30, 2015 and 2014. The results for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the full fiscal year or any other interim period. Net Income (Loss) per Common Share Basic net income (loss) per share is computed by dividing net income or loss (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted net income (loss) per share is computed by dividing net income by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include convertible preferred stock, stock options and warrants. The number of potential common shares outstanding is computed using the treasury stock method. As the Company has incurred losses for the three months ended June 30, 2014 and for the six months ended June 30, 2015 and 2014, the potentially dilutive shares are anti-dilutive and are thus not added into the diluted net income (loss) per share calculations. The Company had net income for the three months ended June 30, 2015 and therefore potentially dilutive shares must be added into the diluted net income (loss) per share calculations. The components of basic and diluted net income (loss) per share for the three months ended June 30, 2015 are as follows: Three Months Ended June 30, 2015 Basic: Numerator: Net Income $ 19,160,684 Denominator: Weighted Average Common Shares 6,383,605 Net Income Per Common Share - Basic $ 3.00 Diluted: Numerator: Net Income $ 19,160,684 Denominator: Weighted Average Common Shares 6,383,605 Series E Convertible Preferred Stock 10,714,000 Warrants 9,542,242 Employee Stock Options 219,320 Denominator for Diluted Calculation 26,859,167 Net Income Per Common Share - Diluted $ 0.71 Reverse Stock Split On September 5, 2014, the Company effected a reverse stock split of the Company’s common stock whereby each two hundred shares of common stock was replaced with one share of common stock (with no fractional shares issued). The par value and authorized shares of the common stock were not adjusted as a result of the reverse stock split. All common shares, options, warrants and per share amounts for all periods presented in these financial statements have been adjusted retroactively to reflect the reverse stock split. New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, In August 2014, the FASB issued ASU No. 2014-15 Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern In April 2015, the Financial Accounting Standards Board issued ASU No. 2015-03 Interest – Imputation of Interest, Simplifying the Presentation of Debt Issuance Cost.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2015
Liquidity Disclosure Going Concern [Abstract]
Liquidity	NOTE 3 GOING CONCERN The Company’s condensed unaudited financial statements have been prepared on a going concern basis which contemplates the realization of assets and the liquidation of liabilities in the ordinary course of business. Although the Company has positive working capital of $12.2 million and a cash balance of $15.3 million as of June 30, 2015, the Company has incurred substantial losses from operations and negative operating cash flows which raise substantial doubt about the Company’s ability to continue as a going concern. The Company sustained a net loss for the six months ended June 30, 2015 of $52.0 million and a net loss for the year ended December 31, 2014 of $21.7 million, and has an accumulated deficit of $116.0 million as of June 30, 2015. Whether and when the Company can attain profitability and positive cash flows from operations is uncertain. The Company intends to continue to develop its products and expand its customer base, but does not have sufficient realized revenues or operating cash flows in order to finance these activities internally. As a result, the Company has obtained and intends to continue to obtain financing in order to fund its working capital and development needs. In March 2015 the Company obtained financing by completing a follow-on offering for net proceeds of $21.7 million. The Company has been able to meet its short-term needs through private placements of convertible preferred securities, an initial public offering (“IPO”), a follow-on offering and the sale and leaseback of analyzers used to report test results. The Company will continue to seek funding through the issuance of additional equity securities, debt financing, the sale and leaseback of analyzers, or a combination of these items. Any proceeds received from these items could provide the needed funds for continued operations and development programs. The Company can provide no assurance that it will be able to obtain sufficient additional financing that it needs to alleviate doubt about its ability to continue as a going concern. If the Company is able to obtain sufficient additional financing proceeds, the Company cannot be certain that this additional financing will be available on acceptable terms, if at all. To the extent the Company raises additional funds by issuing equity securities, the Company’s stockholders may experience significant dilution. Any debt financing, if available, may involve restrictive covenants that impact the Company’s ability to conduct business. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. If the Company is unable to obtain additional financings, the impact on the Company’s operations will be material and adverse.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Notes Payable	NOTE 4 NOTES PAYABLE The Company purchased certain machinery and equipment under two note payable agreements which consist of the following as of June 30, 2015 and December 31, 2014: June 30, December 31, 2015 2014 Note payable, 15.2% interest, monthly payments of $1,328, due February 6, 2016, secured by equipment. $ 10,043 $ 16,938 Note payable, 10.0% interest, monthly payments of $3,161, due January 1, 2016, secured by equipment. 21,361 38,749 Total notes payable 31,404 55,687 Less: current portion of notes payable (31,404 ) (49,994 ) Long term portion of notes payable $ - $ 5,693

Notes Payable - Related Party

Notes Payable - Related Party	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Notes Payable - Related Party	NOTE 5 NOTES PAYABLE – RELATED PARTY In July 2014, the Company entered into a note agreement for $500,000 with Spring Forth Investments, LLC a company owned by Mr. David Spafford, a director. The original maturity date for the note was July 18, 2015, which was extended by the Company to July 18, 2016 by giving notice and paying an extension fee of $10,000. The note pays interest at an annual rate of 20% and shall be paid monthly. The Company prepaid the last three months of interest for a total of $25,000 at the time of issuance of the note. As additional consideration for the note, the Company issued 4,000,000 Series D preferred stock units (which are separable into 4,000,000 shares of Series D preferred stock, 20,000 Class A warrants to purchase a share of common stock at $4.92 and 20,000 Class B warrants to purchase a share of common stock at $0.20) at a value of $100,000 or $0.025 per unit. The Series D preferred stock units were accounted as a debt discount to be amortized over the life of the note. As of June 30, 2015 the unamortized debt discount was $8,333. In February 2015, the Company entered into another loan agreement for $250,000 with Spring Forth Investments, LLC. The loan had an interest rate of twelve percent (12%) per year and matured the earlier of (i) 90 days from the date of the loan agreement, or (ii) five days after the closing of a registered public offering of securities of the Company. In April 2015, the Company paid off the note along with the accrued interest in the amount of $4,192 and a termination fee of $12,500.

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Preferred Stock	NOTE 6 PREFERRED STOCK In February 2015 the Company initiated a Units Offering (the “February 2015 Units Offering”) whereby the Company sold 2,724,000 units at a price of $8.80 per unit for net proceeds of $21.7 million after deducting underwriting commissions and offering costs. Each unit consists of one share of our Series E Convertible Preferred Stock and eight Series C Warrants (the “Units”). The shares of Series E Convertible Preferred Stock and the Series C Warrants will automatically separate on August 25, 2015. However, the shares of Series E Convertible Preferred Stock and the Series C Warrants will separate prior to August 25, 2015 if at any time after 30 days from February 25, 2015 the closing price of our common stock is greater than $4.00 per share for 20 consecutive trading days (the “Separation Trigger Date”). We refer to this separation herein as Early Separation. In the event of Early Separation, the shares of Series E Convertible Preferred Stock and the Series C Warrants will become separable 15 days after the Separation Trigger Date. In June 2015, the above terms of the Series E Convertible Preferred Stock and Series C Warrants were each modified to allow for an optional early separation and conversion upon the cash exercise of all eight of the Series C Warrants within the unit. In June 2015, 48,000 of the units were separated early pursuant to the exercise of 384,000 Series C Warrants for cash in the amount of $979,200 or $2.55 per share. As of June 30, 2015, 2,676,000 of the units remain outstanding. Each share of Series E Convertible Preferred Stock is convertible at the option of the holder into four common shares upon (i) the earlier of August 25, 2015 or 15 days after the Separation Trigger Date in the event of Early Separation or (ii) at any time upon the cash exercise of all eight Series C Warrants contained in the unit with the Shares of Series E Convertible Preferred Stock. In June 2015, the Company’s Certificate of Designation of Series E Convertible Preferred Stock was amended to provide for early conversion of the Series E Convertible Preferred Stock upon the cash exercise of all eight Series C Warrants contained in the unit with the shares of Series E Convertible Preferred Stock. The Series E Convertible Preferred Stock has no voting rights, except that the holders of shares of at least a majority of the Series E Convertible Preferred Stock will be able to effect or validate any amendment, alteration or repeal of any of the provisions of the Certificate of Designation that materially and adversely affects the powers, preferences or special rights of the Series E Convertible Preferred Stock, whether by merger or consolidation or otherwise; provided however With respect to payment of dividends and distribution of assets upon liquidation or dissolution or winding up of the Company, the Series E Preferred Stock shall rank equal to the common stock of the Company. No sinking fund has been established for the retirement or redemption of the Convertible Preferred Stock. As such, the Series E Convertible Preferred Stock is not subject to any restriction on the repurchase or redemption of shares by the Company due to an arrearage in the payment of dividends or sinking fund installments. The Series E Convertible Preferred Stock also has no liquidation rights or preemption rights, and there are no special classifications of our Board of Directors related to the Series E Convertible Preferred Stock. As of June 30, 2015, 45,500 shares of Series E Convertible Preferred Stock were converted into 182,000 shares of common stock at a conversion ratio of 1 to 4.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Common Stock	NOTE 7 COMMON STOCK In June 2015 the Company increased the number of shares of authorized common stock from 50,000,000 shares to 200,000,000 shares at a par value of $0.001 per share. As of June 30, 2015, there were 7,269,038 shares of common stock issued and outstanding. During the six months ended June 30, 2015, the Company issued 1,063,432 shares of common stock pursuant to the exercise of 1,063,432 Series A Warrants at an exercise price of $2.20 per share for total net proceeds of $2,162,700. In conjunction with the exercise of the Series A Warrants, 1,063,432 Series B Warrants to purchase shares of common stock were also issued. During the six months ended June 30, 2015, the Company issued 384,000 shares of common stock pursuant to the exercise of 384,000 Series C Warrants at an exercise price of $2.55 for total net proceeds of $979,200. During the six months ended June 30, 2015, the Company issued 182,000 shares of common stock pursuant to the conversion of 45,500 Series E Convertible preferred stock at a conversion ratio of 1 to 4 (see NOTE 6 PREFERRED STOCK). During the six months ended June 30, 2015, the Company issued 553,148 shares of common stock pursuant to the cashless exercise of 508,641 Class A Warrants with an exercise price of $2.20 and 334,889 Class B Warrants with an exercise price of $0.20.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Warrants	NOTE 8 WARRANTS As of June 30, 2015, the Company had 26,012,410 warrants outstanding to purchase shares of common stock. The following table outlines the warrants outstanding and exercisable as of June 30, 2015: Exercise Warrants Price Outstanding Exercisable Expiration Class A $2.20 1,532,598 1,532,598 April 2021 - July 2021 Class B $0.20 1,310,956 1,310,956 April 2012 - July 2021 Series A $2.20 259,068 259,068 October 2015 Series B $8.75 1,063,432 1,063,432 March 2021 - June 2021 Series C $2.55 21,408,000 21,408,000 February 2020 Common $2.00 - $32.00 438,356 438,356 April 2016 - July 2021 Total Warrants 26,012,410 26,012,410 Class A Warrants During the six months ended June 30, 2015, 508,641 Class A Warrants were exercised pursuant to the cashless exercise provision of the warrant resulting in the issuance of 236,124 shares of common stock. Class B Warrants During the six months ended June 30, 2015, 334,889 Class B Warrants were exercised pursuant to the cashless exercise provision of the warrant resulting in the issuance of 317,024 shares of common stock. Series A Warrants During the six months ended June 30, 2015, 1,063,432 Series A Warrants were exercised for cash at an exercise price of $2.20 per share for total net proceeds of $2,162,700, resulting in the issuance of 1,063,432 shares of common stock. Series B Warrants During the six months ended June 30, 2015, the Company issued 1,063,432 Series B Warrants pursuant to the exercise of 1,063,432 Series A Warrants. The Series B Warrants have an exercise price of $8.75 and expire six years from the date of issue. The Company sold Units in connection with the Company’s IPO in October 2014, with one Unit consisting of one share of common stock and one Series A Warrant to purchase: (i) one share of common stock and (ii) one Series B Warrant to purchase one share of common stock. The Series B Warrants are only issued upon the exercise of the Series A Warrants, are exercisable immediately at an exercise price of 125% of the public offering price or $8.75 and expire 6 years from the date of issue. The exercise price and the number of shares for which each Series B Warrant may be exercised is subject to adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting our common stock. In addition, subject to certain exceptions, the exercise price of the Series B Warrants is subject to reduction if the Company issues shares of common stock (or securities convertible into common stock) in the future at a price below the then current exercise price. Series C Warrants In connection with the February 2015 Units Offering (see NOTE 6 PREFERRED STOCK), the Company issued Series C Warrants to purchase 21,792,000 shares of common stock as part of the Units sold in the follow-on offering (see NOTE 6 PREFERRED STOCK). The Series C Warrants have an exercise price of $2.55 and will expire on February 25, 2020. The Series C Warrants will not be exercisable until they separate from the Units (i) upon the earlier of August 25, 2015, or 15 days after the Separation Trigger Date in the event of Early Separation or (ii) at any time upon the delivery of the exercise price in cash. The exercise price and number of shares of common stock issuable upon exercise is subject to appropriate adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting our common stock and the exercise price. The Series C Warrants have a cashless exercise provision where in lieu of payment of the exercise price in cash (other than a cash exercise under clause (ii) above), the holder may receive, at the Company’s discretion, either a cash payment of a predetermined Black Scholes Value of the number of shares the holder elects to exercise, or a number of shares of the Company’s common stock determined according to a cashless exercise formula using the predetermined Black Scholes Value. In June 2015, 384,000 Series C Warrants were exercised for cash in the amount of $979,200 at an exercise price of $2.55 per share resulting in the issuance of 384,000 shares of common stock. The following table summarizes the common stock warrant and purchase option activity during the six months ended June 30, 2015: Weighted Average Weighted Remainder Common Average Contractual Stock Exercise Term in Warrants Price Years As of June 30, 2015: Warrants Outstanding as of January 1, 2015 5,447,940 $ 4.17 4.9 Granted 22,855,342 $ 2.84 4.7 Exercised (2,290,872 ) $ 1.97 — Expired — — — Warrants outstanding as of June 30, 2015 26,012,410 $ 2.72 4.8 Underwriters’ Unit Purchase Option In connection with the February 2015 Units Offering, the Company issued to the representative of the underwriters’ a Unit Purchase Option (“option”) to purchase a number of our Units equal to an aggregate of 5% of the Units sold or 136,200 Units. The purchase option has an exercise price equal to 125% of the public offering price of the Units or $11.00, and the units may be exercised on a cashless basis and will expire 5 years from the date of issue. Each Unit consists of one share of Series E Convertible Preferred Stock and eight Series C Warrants. As of June 30, 2015 there were no options exercised. The option contains a cashless exercise provision as well as Series C Warrants that are accounted for as derivative liabilities. Accordingly, this option was recorded at fair value at inception and at each reporting date. Since the option is considered part of the offering costs of the February 2015 Units Offering, the fair value at inception is recognized in equity and the change in fair value at each reporting date is recognized in earnings. Common Warrant Derivative Liability Our Class A Warrants, Class B Warrants, Series A Warrants, Series B Warrants and certain common warrants, have an exercise price adjustment provision that in the event the Company sells shares of any additional stock, subject to certain exceptions, at a price per share less than the original exercise price of the respective warrant, the exercise price shall be adjusted to a price equal to the price paid per share for such additional stock. Our Series C Warrants contain a cashless exercise provision using a predetermined Black Scholes Value. Such provision, if exercised by the holder, would require the Company to settle these warrants, at its option, either by cash payment or the granting of a variable number of common shares. This provision results in the potential for the Company to either have to net cash settle the warrant or potentially issue an indeterminate number of common shares which prohibits the Company from being able to conclude that the warrants are indexed to the Company’s own stock. Accordingly, the warrants are accounted for as derivative liabilities and are recorded at fair value at inception and at each reporting date. Since the derivative liability is required to be measured at fair value, the excess of the fair value over the net proceeds received at the transaction date is recognized as a loss in earnings. Had the cashless exercise provision been exercised by all holders of our Series C Warrants at June 30, 2015, the Company would have had to either pay $47.7 million in cash or issue 15,392,014 shares of common stock. The number of shares of common stock that would be required to satisfy the cashless exercise provision increases as the price of the Company’s stock decreases and decreases as the price of the Company’s stock increases. The derivative liability for warrants and the option classified as derivative liabilities was revalued at June 30, 2015 and the change in the fair value of the warrant derivative liability was included as a component of Other income (expense) and the change in the fair value of the option was included in equity. The change in fair value of the warrant and option derivative liability has no effect on the Company’s cash flows. The Company estimates the fair value of the warrants and option at inception and at each reporting date using a Black-Scholes option valuation model utilizing the fair value of underlying common stock and has determined the fair value measurement to be a level 3 measurement (see NOTE 10 FAIR VALUE). Black-Scholes has inherent limitations for use in the case of a warrant with a price protection provision, since the model is designed to be used when the inputs to the model are static throughout the life of a security. The estimates in the Black-Scholes option-pricing model are based, in part, on assumptions, including but not limited to stock price volatility, the contractual life of the warrants, the risk free rate and the fair value of the equity stock underlying the warrants and the option. The following are the assumptions used in the Black-Scholes method for calculating the fair value of the warrants and option that are considered derivative liabilities at June 30, 2015: Fair Market Value $2.96 - $17.85 Exercise Price $0.20 - $11.00 Risk Free Rate 0.01% - 1.85% Dividend Yield 0.00 % Expected Volatility 135.35% - 144.46% Contractual Term 0.28 - 6.09 years The following summarizes the change in the value of the warrant and option liability during the six months ended June 30, 2015: Balance at December 31, 2014 $ 9,998,636 Issuance of warrants and option 55,503,872 Exercise of warrants (6,359,696 ) Change in fair value of warrant and option liability 9,966,124 Balance at June 30, 2015 $ 69,108,936

Employee Stock Options

Employee Stock Options	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Employee Stock Options	NOTE 9 EMPLOYEE STOCK OPTIONS The Company has three stock based employee compensation plans pursuant to which stock option grants have been made. Under the Great Basin Scientific, Inc. 2014 Omnibus Plan, the 2014 Stock Option Plan and the 2006 Stock Option Plan certain employees and non-employee directors have been granted options to purchase common stock. The Company has 703,034 employee stock options outstanding as of June 30, 2015. All options vest in installments over a three to four year period and expire ten years from the date of grant. In May 2015 at our annual stockholders meeting, an amendment to the 2014 Omnibus Plan was approved to increase the number of shares of common stock that may be issued under all awards under the plan from 500,000 shares to 2,940,000 shares. An evergreen provision was also added whereby the amount of shares available for grant under all awards under the plan would adjust automatically on the first day of each fiscal quarter to an amount equal to the greater of (i) fifteen percent (15%) of the number of shares of common stock outstanding on the last day of the immediately preceding fiscal quarter, or (ii) 2,940,000 shares of common stock, provided that this amount shall not exceed 30,000,000 shares of common stock (fifteen percent (15%) of the total amount of 200,000,000 shares of common stock authorized for issuance under our Seventh Amended and Restated Certificate of Incorporation, as amended). As of June 30, 2015, 136,784 employee stock options have been granted pursuant to the 2014 Omnibus Plan. The following table summarizes the Company’s total option activity for the six months ended June 30, 2015: Weighted Average Weighted Remaining Average Contractual Exercise Term in Options Price Years As of June 30, 2015: Options outstanding as of January 1, 2015 703,034 $ 2.98 8.8 Granted — — — Exercised — — — Cancelled — — — Options outstanding as of June 30, 2015 703,034 $ 2.98 8.3 Outstanding and exercisable stock options as of June 30, 2015 are as follows: Options Outstanding Options Exercisable Number of Remaining Number of Options Life Exercise Options Exercise Outstanding (Years) Price Exercisable Price June 30, 2015 703,034 8.3 $ 2.98 256,533 $ 3.02 The estimated fair value of the Company’s stock options, less expected forfeitures, is amortized over the options vesting period on the straight-line basis. The Company recognized $37,440 in equity-based compensation expenses during the six months ended June 30, 2015. There were $214,877 of total unrecognized compensation cost with a remaining vesting period of 2.94 years and $457,880 in intrinsic value of outstanding and vested stock options as of June 30, 2015.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value	NOTE 10 FAIR VALUE FASB ASC 820 defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under FASB ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under FASB ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, with the first two inputs considered observable and the last input considered unobservable, that may be used to measure fair value as follows: · Level one — Quoted market prices in active markets for identical assets or liabilities; · Level two — Inputs other than level one inputs that are either directly or indirectly observable; and · Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use. Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. The Company issued certain warrants to purchase common stock that qualify as derivative liabilities and are therefore required to be recorded at fair value measured at the transaction date and again at each reporting period end. The fair value of the warrants was determined using estimates and assumptions that are not readily available in public markets and the Company has designated this liability as Level 3. The assumptions used for the fair value calculation as well as the changes in the value of the warrant liability are shown in NOTE 8 WARRANTS.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	NOTE 11 LEGAL PROCEEDINGS We are not currently a party to any pending or threatened legal proceeding or regulatory or government investigations. We may become involved in litigation from time to time relating to claims arising in the ordinary course of our business. We do not believe that the ultimate resolution of such claims would have a material effect on our business, results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material effect on our business, results of operations, financial condition and cash flows.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 SUBSEQUENT EVENTS In July 2015, the Company issued 10,000 shares of common stock as the result of the conversion of 2,500 shares of Series E Preferred Stock at a conversion ratio of 1 to 4. In July 2015, the Company issued 10,650 shares of common stock pursuant to the exercise of 10,650 Series A Warrants at an exercise price of $2.20 per share for total net proceeds of $23,430. In conjunction with the exercise of the Series A Warrants, 10,650 Series B Warrants to purchase shares of common stock were also issued. In August 2015, the Company issued 92,500 employee stock options pursuant to the 2014 Omnibus Stock Option Plan. The options were issued to various employees with an exercise price of $2.56, which vest over a period of four years and expire in August 2025.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These condensed unaudited financial statements have been prepared to reflect the financial position, results of operations and cash flows of the Company as of June 30, 2015 and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. The accompanying condensed financial statements and notes are unaudited. In management’s opinion, the unaudited interim financial statements have been prepared on the same basis as the audited financial statements for the year ended December 31, 2014 and include all adjustments, which include only normal recurring adjustments, necessary for the fair presentation of the Company’s financial position as of June 30, 2015 and its results of operations and cash flows for the three and six months ended June 30, 2015 and 2014. The results for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the full fiscal year or any other interim period.
Net Income (Loss) per Common Share	Net Income (Loss) per Common Share Basic net income (loss) per share is computed by dividing net income or loss (the numerator) by the weighted average number of common shares outstanding for the period (the denominator). Diluted net income (loss) per share is computed by dividing net income by the weighted average number of common shares and potential common shares outstanding (if dilutive) during each period. Potential common shares include convertible preferred stock, stock options and warrants. The number of potential common shares outstanding is computed using the treasury stock method. As the Company has incurred losses for the three months ended June 30, 2014 and for the six months ended June 30, 2015 and 2014, the potentially dilutive shares are anti-dilutive and are thus not added into the diluted net income (loss) per share calculations. The Company had net income for the three months ended June 30, 2015 and therefore potentially dilutive shares must be added into the diluted net income (loss) per share calculations. The components of basic and diluted net income (loss) per share for the three months ended June 30, 2015 are as follows: Three Months Ended June 30, 2015 Basic: Numerator: Net Income $ 19,160,684 Denominator: Weighted Average Common Shares 6,383,605 Net Income Per Common Share - Basic $ 3.00 Diluted: Numerator: Net Income $ 19,160,684 Denominator: Weighted Average Common Shares 6,383,605 Series E Convertible Preferred Stock 10,714,000 Warrants 9,542,242 Employee Stock Options 219,320 Denominator for Diluted Calculation 26,859,167 Net Income Per Common Share - Diluted $ 0.71
Reverse Stock Split	Reverse Stock Split On September 5, 2014, the Company effected a reverse stock split of the Company’s common stock whereby each two hundred shares of common stock was replaced with one share of common stock (with no fractional shares issued). The par value and authorized shares of the common stock were not adjusted as a result of the reverse stock split. All common shares, options, warrants and per share amounts for all periods presented in these financial statements have been adjusted retroactively to reflect the reverse stock split.
New Accounting Pronouncements	New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, In August 2014, the FASB issued ASU No. 2014-15 Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern In April 2015, the Financial Accounting Standards Board issued ASU No. 2015-03 Interest – Imputation of Interest, Simplifying the Presentation of Debt Issuance Cost.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Share	The components of basic and diluted net income (loss) per share for the three months ended June 30, 2015 are as follows: Three Months Ended June 30, 2015 Basic: Numerator: Net Income $ 19,160,684 Denominator: Weighted Average Common Shares 6,383,605 Net Income Per Common Share - Basic $ 3.00 Diluted: Numerator: Net Income $ 19,160,684 Denominator: Weighted Average Common Shares 6,383,605 Series E Convertible Preferred Stock 10,714,000 Warrants 9,542,242 Employee Stock Options 219,320 Denominator for Diluted Calculation 26,859,167 Net Income Per Common Share - Diluted $ 0.71

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Summary of Purchased Certain Machinery and Equipment under Two Note Payable Agreements	The Company purchased certain machinery and equipment under two note payable agreements which consist of the following as of June 30, 2015 and December 31, 2014: June 30, December 31, 2015 2014 Note payable, 15.2% interest, monthly payments of $1,328, due February 6, 2016, secured by equipment. $ 10,043 $ 16,938 Note payable, 10.0% interest, monthly payments of $3,161, due January 1, 2016, secured by equipment. 21,361 38,749 Total notes payable 31,404 55,687 Less: current portion of notes payable (31,404 ) (49,994 ) Long term portion of notes payable $ - $ 5,693

Warrants (Tables)

Warrants (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule Of Warrants Outstanding and Exercisable	The following table outlines the warrants outstanding and exercisable as of June 30, 2015: Exercise Warrants Price Outstanding Exercisable Expiration Class A $2.20 1,532,598 1,532,598 April 2021 - July 2021 Class B $0.20 1,310,956 1,310,956 April 2012 - July 2021 Series A $2.20 259,068 259,068 October 2015 Series B $8.75 1,063,432 1,063,432 March 2021 - June 2021 Series C $2.55 21,408,000 21,408,000 February 2020 Common $2.00 - $32.00 438,356 438,356 April 2016 - July 2021 Total Warrants 26,012,410 26,012,410
Common Stock Warrants and Purchase Option Activity	The following table summarizes the common stock warrant and purchase option activity during the six months ended June 30, 2015: Weighted Average Weighted Remainder Common Average Contractual Stock Exercise Term in Warrants Price Years As of June 30, 2015: Warrants Outstanding as of January 1, 2015 5,447,940 $ 4.17 4.9 Granted 22,855,342 $ 2.84 4.7 Exercised (2,290,872 ) $ 1.97 — Expired — — — Warrants outstanding as of June 30, 2015 26,012,410 $ 2.72 4.8
Summary of Changes in the Value of the Warrant and Option Liability	The following summarizes the change in the value of the warrant and option liability during the six months ended June 30, 2015: Balance at December 31, 2014 $ 9,998,636 Issuance of warrants and option 55,503,872 Exercise of warrants (6,359,696 ) Change in fair value of warrant and option liability 9,966,124 Balance at June 30, 2015 $ 69,108,936
Warrant
Assumptions used in Calculating Fair Value of Warrants and Option Granted	The following are the assumptions used in the Black-Scholes method for calculating the fair value of the warrants and option that are considered derivative liabilities at June 30, 2015: Fair Market Value $2.96 - $17.85 Exercise Price $0.20 - $11.00 Risk Free Rate 0.01% - 1.85% Dividend Yield 0.00 % Expected Volatility 135.35% - 144.46% Contractual Term 0.28 - 6.09 years

Employee Stock Options (Tables)

Employee Stock Options (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Option Activity	The following table summarizes the Company’s total option activity for the six months ended June 30, 2015: Weighted Average Weighted Remaining Average Contractual Exercise Term in Options Price Years As of June 30, 2015: Options outstanding as of January 1, 2015 703,034 $ 2.98 8.8 Granted — — — Exercised — — — Cancelled — — — Options outstanding as of June 30, 2015 703,034 $ 2.98 8.3
Summary of Stock Options Outstanding and Exercisable	Outstanding and exercisable stock options as of June 30, 2015 are as follows: Options Outstanding Options Exercisable Number of Remaining Number of Options Life Exercise Options Exercise Outstanding (Years) Price Exercisable Price June 30, 2015 703,034 8.3 $ 2.98 256,533 $ 3.02

Description of Business - Addit

Description of Business - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015
Description Of Business [Line Items]
Date of incorporation	Jun. 27, 2003
Nevada Corporation
Description Of Business [Line Items]
Date of merger	Aug. 29, 2008

Summary of Significant Accoun24

Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Income (Loss) Per Share (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Numerator:
Net loss	$ 19,160,684	$ (3,240,465)	$ (52,012,941)	$ (5,982,378)	$ (21,700,000)
Denominator:
Weighted average common shares - basic	6,383,605	115,510	5,726,493	2,855,837
Net income (loss) per common share - basic	$ 3	$ (28.05)	$ (9.08)	$ (2.09)
Series E Convertible Preferred Stock	10,714,000
Warrants	9,542,242
Employee Stock Options	219,320
Denominator for Diluted Calculation	26,859,167	115,510	5,726,493	2,855,837
Net income (loss) per common share - diluted	$ 0.71	$ (28.05)	$ (9.08)	$ (2.09)

Summary of Significant Accoun25

Summary of Significant Accounting Policies - Additional Information (Detail)	Sep. 05, 2014
Common Stock
Accounting Policies [Line Items]
Reverse stock split ratio	0.005

Going Concern - Additional Info

Going Concern - Additional Information (Detail) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2015	Feb. 28, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Liquidity Disclosure Going Concern [Abstract]
Net loss			$ 19,160,684	$ (3,240,465)	$ (52,012,941)	$ (5,982,378)	$ (21,700,000)
Accumulated deficit			(116,017,637)		(116,017,637)		(64,004,696)
Cash			15,274,535	$ 412,748	15,274,535	412,748	$ 2,017,823	$ 1,211,423
Working capital			$ 12,200,000		$ 12,200,000
Proceeds from issuance of preferred stock	$ 21,700,000	$ 21,700,000				$ 3,072,209

Notes Payable - Summary of Purc

Notes Payable - Summary of Purchased Certain Machinery and Equipment under Two Note Payable Agreements (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total notes payable	$ 31,404	$ 55,687
Less: current portion of notes payable	(31,404)	(49,994)
Long term portion of notes payable		5,693
Note Payable, 15.2% Interest
Debt Instrument [Line Items]
Total notes payable	10,043	16,938
Note Payable, 10.0% Interest
Debt Instrument [Line Items]
Total notes payable	$ 21,361	$ 38,749

Notes Payable - Summary of Pu28

Notes Payable - Summary of Purchased Certain Machinery and Equipment under Two Note Payable Agreements (Parenthetical) (Detail) - Jun. 30, 2015 - USD ($)	Total
Note Payable, 15.2% Interest
Debt Instrument [Line Items]
Notes payable, interest rate	15.20%
Notes payable, monthly payments	$ 1,328
Maturity date of notes	Feb. 6, 2016
Note Payable, 10.0% Interest
Debt Instrument [Line Items]
Notes payable, interest rate	10.00%
Notes payable, monthly payments	$ 3,161
Maturity date of notes	Jan. 1, 2016

Notes Payable - Related Party -

Notes Payable - Related Party - Additional Information (Detail)	1 Months Ended			6 Months Ended
	Apr. 30, 2015USD ($)	Feb. 28, 2015USD ($)	Jul. 31, 2014USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014$ / shares
Related Party Transaction [Line Items]
Warrants issued				26,012,410
Loan Agreement
Related Party Transaction [Line Items]
Note agreement amount | $		$ 250,000
Notes payable, interest rate		12.00%
Note maturity date description				The loan had an interest rate of twelve percent (12%) per year and matured the earlier of (i) 90 days from the date of the loan agreement, or (ii) five days after the closing of a registered public offering of securities of the Company
Loan Agreement | Date of the loan agreement
Related Party Transaction [Line Items]
Debt instrument, maturity term		90 days
Loan Agreement | After the closing of a registered public offering of securities
Related Party Transaction [Line Items]
Debt instrument, maturity term		5 days
Loan Agreement | Spring Forth Investments, LLC
Related Party Transaction [Line Items]
Notes payable, interest rate | $	$ 4,192
Termination Fee | $	$ 12,500
Class A Warrant
Related Party Transaction [Line Items]
Warrants issued				1,532,598
Preferred units issued as consideration, warrants price per share | $ / shares				$ 2.20	$ 4.92
Class B Warrant
Related Party Transaction [Line Items]
Warrants issued				1,310,956
Preferred units issued as consideration, warrants price per share | $ / shares				$ 0.20
Notes Payable To Related Party
Related Party Transaction [Line Items]
Note agreement amount | $			$ 500,000
Notes payable, interest rate			20.00%
Note maturity date description				The original maturity date for the note was July 18, 2015, which was extended by the Company to July 18, 2016 by giving notice
Note extension fee amount | $			$ 10,000
Maturity date of notes			Jul. 18, 2015	Jul. 18, 2016
Prepaid interest | $			$ 25,000
Number of preferred units issued as consideration			4,000,000
Value of preferred units issued as consideration | $			$ 100,000
Preferred units issued as consideration, series D preferred shares			4,000,000
Preferred units issued as consideration, price per share | $ / shares			$ 0.025
Notes payable - related party, discount | $				$ 8,333
Notes Payable To Related Party | IPO
Related Party Transaction [Line Items]
Conversion of preferred stock to common stock, conversion ratio				200
Notes Payable To Related Party | Common Stock | IPO
Related Party Transaction [Line Items]
Conversion of stock, shares issued				20,000
Notes Payable To Related Party | Series D Convertible Preferred Stock | IPO
Related Party Transaction [Line Items]
Conversion of stock, shares converted				4,000,000
Notes Payable To Related Party | Class A Warrant
Related Party Transaction [Line Items]
Warrants issued			20,000
Preferred units issued as consideration, warrants price per share | $ / shares			$ 4.92
Notes Payable To Related Party | Class B Warrant
Related Party Transaction [Line Items]
Warrants issued			20,000
Preferred units issued as consideration, warrants price per share | $ / shares			$ 0.20

Preferred Stock - Additional In

Preferred Stock - Additional Information (Detail)	1 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2015USD ($)	Feb. 28, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)
Class Of Stock [Line Items]
Preferred shares issued, price per share | $ / shares			$ 8.80
Proceeds from issuance of preferred stock | $		$ 21,700,000	$ 21,700,000		$ 3,072,209
Preferred unit description				Each unit consists of one share of our Series E Convertible Preferred Stock and eight Series C Warrants (the “Units”).
Number of trading days				20 days
Convertible Preferred Stock Terms Of Conversion				The shares of Series E Convertible Preferred Stock and the Series C Warrants will automatically separate on August 25, 2015. However, the shares of Series E Convertible Preferred Stock and the Series C Warrants will separate prior to August 25, 2015 if at any time after 30 days from February 25, 2015 the closing price of our common stock is greater than $4.00 per share for 20 consecutive trading days (the “Separation Trigger Date”). We refer to this separation herein as Early Separation. In the event of Early Separation, the shares of Series E Convertible Preferred Stock and the Series C Warrants will become separable 15 days after the Separation Trigger Date. In June 2015, the above terms of the Series E Convertible Preferred Stock and Series C Warrants were each modified to allow for an optional early separation and conversion upon the cash exercise of all eight of the Series C Warrants within the unit.
Proceeds from exercise of warrants | $				$ 3,142,964
Preferred units outstanding	2,676,000			2,676,000
Common Stock
Class Of Stock [Line Items]
Conversion of convertible preferred shares	4			4
Minimum | Common Stock
Class Of Stock [Line Items]
Closing price of common stock | $ / shares	$ 4			$ 4
Series C Warrant
Class Of Stock [Line Items]
Number of shares included in preferred unit			8
Number of preferred units separated	48,000
Warrants exercised	384,000			384,000
Proceeds from exercise of warrants | $	$ 979,200
Preferred units issued as consideration, warrants price per share | $ / shares	$ 2.55			$ 2.55
Convertible Preferred Stock
Class Of Stock [Line Items]
Preferred stock, sold			2,724,000
Series E Convertible Preferred Stock
Class Of Stock [Line Items]
Number of shares included in preferred unit			1
Convertible Preferred Stock Terms Of Conversion				Each share of Series E Convertible Preferred Stock is convertible at the option of the holder into four common shares upon (i) the earlier of August 25, 2015 or 15 days after the Separation Trigger Date in the event of Early Separation or (ii) at any time upon the cash exercise of all eight Series C Warrants contained in the unit with the Shares of Series E Convertible Preferred Stock. In June 2015, the Company’s Certificate of Designation of Series E Convertible Preferred Stock was amended to provide for early conversion of the Series E Convertible Preferred Stock upon the cash exercise of all eight Series C Warrants contained in the unit with the shares of Series E Convertible Preferred Stock.
Preferred stock, voting rights				The Series E Convertible Preferred Stock has no voting rights
Convertible preferred stock liquidation terms				The Series E Convertible Preferred Stock also has no liquidation rights or preemption rights, and there are no special classifications of our Board of Directors related to the Series E Convertible Preferred Stock.
Series E Convertible Preferred Stock | Common Stock
Class Of Stock [Line Items]
Conversion of stock, shares converted	45,500
Conversion of stock, shares issued	182,000
Conversion of preferred stock to common stock, conversion ratio	4

Common Stock - Additional Infor

Common Stock - Additional Information (Detail)	1 Months Ended	6 Months Ended
	Jun. 30, 2015$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2015shares	Feb. 28, 2015shares	Dec. 31, 2014$ / sharesshares
Class Of Stock [Line Items]
Common stock, shares authorized	200,000,000	200,000,000	50,000,000		200,000,000
Common stock, par value | $ / shares	$ 0.001	$ 0.001			$ 0.001
Common stock, shares issued	7,269,038	7,269,038			5,086,458
Common stock, shares outstanding	7,269,038	7,269,038			5,086,458
Warrants issued	26,012,410	26,012,410
Common shares issued upon cash less exercise of warrants		553,148
Series A Warrant
Class Of Stock [Line Items]
Common shares issued upon exercise of warrants		1,063,432
Warrants exercised		1,063,432
Proceeds from exercise of warrants | $		$ 2,162,700
Preferred units issued as consideration, warrants price per share | $ / shares	$ 2.20	$ 2.20			$ 7
Warrants issued	259,068	259,068
Series B Warrant
Class Of Stock [Line Items]
Preferred units issued as consideration, warrants price per share | $ / shares	$ 8.75	$ 8.75
Warrants issued	1,063,432	1,063,432
Series C Warrant
Class Of Stock [Line Items]
Common shares issued upon exercise of warrants		384,000
Warrants exercised	384,000	384,000
Proceeds from exercise of warrants | $		$ 979,200
Preferred units issued as consideration, warrants price per share | $ / shares	$ 2.55	$ 2.55
Warrants issued	21,408,000	21,408,000		21,792,000
Series E Convertible Preferred Stock
Class Of Stock [Line Items]
Conversion of stock, shares issued		182,000
Conversion of stock, shares converted		45,500
Conversion of preferred stock to common stock, conversion ratio		0.25
Class A Warrant
Class Of Stock [Line Items]
Preferred units issued as consideration, warrants price per share | $ / shares	$ 2.20	$ 2.20			$ 4.92
Warrants issued	1,532,598	1,532,598
Cash less exercise of warrants		508,641
Class B Warrant
Class Of Stock [Line Items]
Preferred units issued as consideration, warrants price per share | $ / shares	$ 0.20	$ 0.20
Warrants issued	1,310,956	1,310,956
Cash less exercise of warrants		334,889

Warrants - Additional Informati

Warrants - Additional Information (Detail) - USD ($)	1 Months Ended			6 Months Ended
	Jun. 30, 2015	Feb. 28, 2015	Oct. 31, 2014	Jun. 30, 2015	Dec. 31, 2014
Class Of Warrant Or Right [Line Items]
Warrants outstanding	26,012,410			26,012,410
Proceeds from exercise of warrants				$ 3,142,964
Warrants issued	26,012,410			26,012,410
New Exercise Price	$ 2.20			$ 2.20
Underwriters Unit Purchase Option
Class Of Warrant Or Right [Line Items]
Warrants exercised				0
Warrant Exercise Price		$ 11
Weighted Average Remainder Contractual Term in Years, Exercised		5 years
Percentage of public offering price		125.00%
Aggregate number of units purchased		5.00%
Aggregate number of units Sold		136,200
Series E Convertible Preferred Stock
Class Of Warrant Or Right [Line Items]
Number of shares included in preferred unit		1
Series E Convertible Preferred Stock | Underwriters Unit Purchase Option
Class Of Warrant Or Right [Line Items]
Number of shares included in preferred unit		1
Common Stock Warrants
Class Of Warrant Or Right [Line Items]
Warrants outstanding	26,012,410			26,012,410
Class A Warrant
Class Of Warrant Or Right [Line Items]
Warrants outstanding	1,532,598			1,532,598
Cash less exercise of warrants				508,641
Issuance of common stock upon exercise of warrants under cashless exercise provision	236,124			236,124
Warrant Exercise Price	$ 2.20			$ 2.20	$ 4.92
Warrants issued	1,532,598			1,532,598
Class B Warrant
Class Of Warrant Or Right [Line Items]
Warrants outstanding	1,310,956			1,310,956
Cash less exercise of warrants				334,889
Issuance of common stock upon exercise of warrants under cashless exercise provision	317,024			317,024
Warrant Exercise Price	$ 0.20			$ 0.20
Warrants issued	1,310,956			1,310,956
Series A Warrant
Class Of Warrant Or Right [Line Items]
Warrants outstanding	259,068			259,068
Issuance of common stock upon exercise of warrants under cashless exercise provision	1,063,432			1,063,432
Warrants exercised				1,063,432
Warrant Exercise Price	$ 2.20			$ 2.20	7
Proceeds from exercise of warrants				$ 2,162,700
Warrants issued	259,068			259,068
Series B Warrant
Class Of Warrant Or Right [Line Items]
Warrants outstanding	1,063,432			1,063,432
Warrant Exercise Price	$ 8.75			$ 8.75
Warrants issued	1,063,432			1,063,432
Weighted Average Remainder Contractual Term in Years, Exercised				6 years
Percentage of public offering price			125.00%
Series C Warrant
Class Of Warrant Or Right [Line Items]
Warrants outstanding	21,408,000			21,408,000
Issuance of common stock upon exercise of warrants under cashless exercise provision	15,392,014			15,392,014
Warrants exercised	384,000			384,000
Warrant Exercise Price	$ 2.55			$ 2.55
Proceeds from exercise of warrants	$ 979,200
Warrants issued	21,408,000	21,792,000		21,408,000
Weighted Average Exercise Price, Granted		$ 2.55
Warrants expire period		Feb. 25, 2020
Number of shares included in preferred unit		8
Payable on exercise of warrants under cashless exercise provision	$ 47,700,000			$ 47,700,000
Series C Warrant | Underwriters Unit Purchase Option
Class Of Warrant Or Right [Line Items]
Number of shares included in preferred unit		8
Common Warrants
Class Of Warrant Or Right [Line Items]
Warrants outstanding	438,356			438,356
Warrant Exercise Price					$ 5
Warrants issued	438,356			438,356

Warrants - Warrants Outstanding

Warrants - Warrants Outstanding and Exercisable (Detail) - $ / shares	6 Months Ended
	Jun. 30, 2015	Feb. 28, 2015	Dec. 31, 2014
Class Of Warrant Or Right [Line Items]
Warrants outstanding	26,012,410
Warrants Exercisable	26,012,410
Class A Warrant
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 2.20		$ 4.92
Warrants outstanding	1,532,598
Warrants Exercisable	1,532,598
Class A Warrant | Minimum
Class Of Warrant Or Right [Line Items]
Warrants Expiration	2021-04
Class A Warrant | Maximum
Class Of Warrant Or Right [Line Items]
Warrants Expiration	2021-07
Class B Warrant
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 0.20
Warrants outstanding	1,310,956
Warrants Exercisable	1,310,956
Class B Warrant | Minimum
Class Of Warrant Or Right [Line Items]
Warrants Expiration	2012-04
Class B Warrant | Maximum
Class Of Warrant Or Right [Line Items]
Warrants Expiration	2021-07
Series A Warrant
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 2.20		7
Warrants outstanding	259,068
Warrants Exercisable	259,068
Warrants Expiration	2015-10
Series B Warrant
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 8.75
Warrants outstanding	1,063,432
Warrants Exercisable	1,063,432
Series B Warrant | Minimum
Class Of Warrant Or Right [Line Items]
Warrants Expiration	2021-03
Series B Warrant | Maximum
Class Of Warrant Or Right [Line Items]
Warrants Expiration	2021-06
Series C Warrant
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 2.55
Warrants outstanding	21,408,000
Warrants Exercisable	21,408,000	21,792,000
Warrants Expiration	2020-02
Common Warrants
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share			$ 5
Warrants outstanding	438,356
Warrants Exercisable	438,356
Common Warrants | Minimum
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 2
Warrants Expiration	2016-04
Common Warrants | Maximum
Class Of Warrant Or Right [Line Items]
Preferred units issued as consideration, warrants price per share	$ 32
Warrants Expiration	2021-07

Warrants - Common Stock Warrant

Warrants - Common Stock Warrants and Purchase Option Activity (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Class Of Warrant Or Right [Line Items]
Warrants, Beginning Balance
Warrants, Ending Balance	26,012,410
Common Stock Warrant and Purchase Option
Class Of Warrant Or Right [Line Items]
Warrants, Beginning Balance	5,447,940
Warrants Granted	22,855,342
Warrants Exercised	(2,290,872)
Warrants, Ending Balance	26,012,410	5,447,940
Weighted Average Exercise Price, Warrants Outstanding Beginning Balance	$ 4.17
Weighted Average Exercise Price, Granted	2.84
Weighted Average Exercise Price, Exercised	1.97
Weighted Average Exercise Price, Warrants Outstanding Ending Balance	$ 2.72	$ 4.17
Weighted Average Remainder Contractual Term in Years, Warrants Outstanding	4 years 9 months 18 days	4 years 10 months 24 days
Warrants Weighted Average Remainder Contractual Terms Granted	4 years 8 months 12 days

Warrants - Black-Scholes-Merton

Warrants - Black-Scholes-Merton Option Pricing Model (Detail) - Jun. 30, 2015 - Common Stock Warrant and Purchase Option - $ / shares	Total
Class Of Warrant Or Right [Line Items]
Dividend Yield	0.00%
Minimum
Class Of Warrant Or Right [Line Items]
Fair Market Value	$ 2.96
Exercise Price	$ 0.20
Risk Free Rate	0.01%
Expected Volatility	135.35%
Contractual Term	3 months 11 days
Maximum
Class Of Warrant Or Right [Line Items]
Fair Market Value	$ 17.85
Exercise Price	$ 11
Risk Free Rate	1.85%
Expected Volatility	144.46%
Contractual Term	6 years 1 month 2 days

Warrants - Summary of Change in

Warrants - Summary of Change in the Value of the Warrant and Option Liability (Detail) - Jun. 30, 2015 - USD ($)	Total	Total
Class Of Warrant Or Right [Line Items]
Balance at beginning of period		$ 9,998,636
Change in fair value of warrant and option liability	$ (24,335,676)	42,658,473
Balance at end of period	69,108,936	69,108,936
Common Stock Warrant and Purchase Option
Class Of Warrant Or Right [Line Items]
Balance at beginning of period		9,998,636
Issuance of warrants and option		55,503,872
Exercise of warrants		(6,359,696)
Change in fair value of warrant and option liability		9,966,124
Balance at end of period	$ 69,108,936	$ 69,108,936

Employee Stock Options - Additi

Employee Stock Options - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015USD ($)CompensationPlanshares	May. 01, 2015shares	Apr. 30, 2015shares	Mar. 31, 2015shares	Dec. 31, 2014shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock options, outstanding	703,034				703,034
Common stock, shares authorized	200,000,000			50,000,000	200,000,000
Equity based compensation expense | $	$ 37,440
Unrecognized compensation cost related to stock option | $	$ 214,877
Remaining vesting period of stock option	2 years 11 months 9 days
Intrinsic value of outstanding and vested stock options | $	$ 457,880
2014 Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock options, outstanding	136,784
Share based compensation issued under award plan, number of shares		500,000	2,940,000
Share based compensation arrangement by share-based payment award modified plan description.	An evergreen provision was also added whereby the amount of shares available for grant under all awards under the plan would adjust automatically on the first day of each fiscal quarter to an amount equal to the greater of (i) fifteen percent (15%) of the number of shares of common stock outstanding on the last day of the immediately preceding fiscal quarter, or (ii) 2,940,000 shares of common stock, provided that this amount shall not exceed 30,000,000 shares of common stock (fifteen percent (15%) of the total amount of 200,000,000 shares of common stock authorized for issuance under our Seventh Amended and Restated Certificate of Incorporation, as amended).
2014 Omnibus Plan [Member] | 2014 Omnibus Plan Quarter automatic adjustments
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock options, outstanding	2,940,000
Option of common stock outstanding percentage	15.00%
Share based compensation arrangement award maximum number of authorized shares	30,000,000
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock options, outstanding	703,034
Stock options, maturity period	10 years
Number of stock based compensation plans | CompensationPlan	3
Employee Stock Option | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, vesting period	3 years
Employee Stock Option | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, vesting period	4 years

Employee Stock Options - Summar

Employee Stock Options - Summary of Stock Option Activity (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options outstanding, Beginning balance	703,034
Options outstanding, Ending Balance	703,034	703,034
Weighted Average Exercise Price Outstanding, Beginning Balance	$ 2.98
Weighted Average Exercise Price, Outstanding Ending Balance	$ 2.98	$ 2.98
Weighted Average Remainder Contractual Terms Outstanding Beginning	8 years 3 months 18 days	8 years 9 months 18 days

Employee Stock Options - Summ39

Employee Stock Options - Summary of Stock Options Outstanding and Exercisable (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Options Outstanding	703,034	703,034
Weighted Average Remainder Contractual Terms Outstanding Beginning	8 years 3 months 18 days	8 years 9 months 18 days
Options Outstanding, Exercise Price	$ 2.98
Number of Options Exercisable	256,533
Options Exercisable, Exercise Price	$ 3.02

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	1 Months Ended			6 Months Ended
	Aug. 31, 2015$ / sharesshares	Jul. 31, 2015USD ($)$ / sharesshares	Jun. 30, 2015$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014$ / shares
Subsequent Event [Line Items]
Proceeds from exercise of warrants | $				$ 3,142,964
Warrants issued			26,012,410	26,012,410
Series A Warrant
Subsequent Event [Line Items]
Common shares issued upon exercise of warrants				1,063,432
Warrants exercised				1,063,432
Preferred units issued as consideration, warrants price per share | $ / shares			$ 2.20	$ 2.20	$ 7
Proceeds from exercise of warrants | $				$ 2,162,700
Warrants issued			259,068	259,068
Series B Warrant
Subsequent Event [Line Items]
Preferred units issued as consideration, warrants price per share | $ / shares			$ 8.75	$ 8.75
Warrants issued			1,063,432	1,063,432
Series E Convertible Preferred Stock | Common Stock
Subsequent Event [Line Items]
Conversion of stock, shares converted			45,500
Conversion of stock, shares issued			182,000
Conversion of preferred stock to common stock, conversion ratio			4
Subsequent Event | 2014 Omnibus Plan [Member]
Subsequent Event [Line Items]
Stock option issued	92,500
Weighted Average Exercise Price, Granted | $ / shares	$ 2.56
Stock options, vesting period	4 years
Stock option expiration period	2025-08
Subsequent Event | Series A Warrant
Subsequent Event [Line Items]
Common shares issued upon exercise of warrants		10,650
Warrants exercised		10,650
Preferred units issued as consideration, warrants price per share | $ / shares		$ 2.20
Proceeds from exercise of warrants | $		$ 23,430
Subsequent Event | Series B Warrant
Subsequent Event [Line Items]
Warrants issued		10,650
Subsequent Event | Series E Convertible Preferred Stock
Subsequent Event [Line Items]
Conversion of stock, shares converted		2,500
Subsequent Event | Series E Convertible Preferred Stock | Common Stock
Subsequent Event [Line Items]
Conversion of stock, shares issued		10,000
Conversion of preferred stock to common stock, conversion ratio		4