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Consolidated Statements of Cash Flows (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $ (14,307,104)us-gaap_NetIncomeLoss | $ (8,579,246)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 88,689us-gaap_DepreciationAndAmortization | 52,032us-gaap_DepreciationAndAmortization |
| Share-based compensation | 702,042us-gaap_ShareBasedCompensation | 431,504us-gaap_ShareBasedCompensation |
| Loss on disposal of subsidiaries | 1,069,675us-gaap_GainLossOnSaleOfBusiness | 0us-gaap_GainLossOnSaleOfBusiness |
| Fee paid on disposal of subsidiaries | (430,000)xbio_FeePaidOnDisposalOfSubsidiaries | 0xbio_FeePaidOnDisposalOfSubsidiaries |
| Non-cash issuance of common stock | 811,196us-gaap_OtherNoncashExpense | 0us-gaap_OtherNoncashExpense |
| Non-cash issuance of warrants | 239,889xbio_NoncashIssuanceOfWarrants | 0xbio_NoncashIssuanceOfWarrants |
| Foreign currency translation | 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | (14,965)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, prepayments and other receivables | (24,468)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables | (7,519)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables |
| Accounts payable, accrued expenses and other liabilities | (479,015)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 2,066,172us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash used in operating activities | (12,329,096)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (6,052,022)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (57,669)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (78,634)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Disposition of property and equipment | 5,487us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Cash acquired from Acquisition | 43,502us-gaap_CashAcquiredFromAcquisition | 0us-gaap_CashAcquiredFromAcquisition |
| Cash transferred in connection with Hive Out Agreement | (43,502)us-gaap_CashDivestedFromDeconsolidation | 0us-gaap_CashDivestedFromDeconsolidation |
| Change in restricted cash | 0us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities | (66,000)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities |
| Net cash used in investing activities | (52,182)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (144,634)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock | 10,000,000us-gaap_ProceedsFromIssuanceOfCommonStock | 0us-gaap_ProceedsFromIssuanceOfCommonStock |
| Proceeds from exercise of stock options | 101,933us-gaap_ProceedsFromStockOptionsExercised | 2,090us-gaap_ProceedsFromStockOptionsExercised |
| Payments on loan from related party | (286,124)us-gaap_RepaymentsOfRelatedPartyDebt | 0us-gaap_RepaymentsOfRelatedPartyDebt |
| Net cash provided by financing activities | 9,815,809us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 2,090us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate change on cash and cash equivalents | 233,384us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (102,818)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net decrease in cash and cash equivalents, excluding restricted cash | (2,332,085)us-gaap_CashPeriodIncreaseDecrease | (6,297,384)us-gaap_CashPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 4,839,486us-gaap_Cash | 11,136,870us-gaap_Cash |
| Cash and cash equivalents at end of period | 2,507,401us-gaap_Cash | 4,839,486us-gaap_Cash |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | 4,706us-gaap_InterestPaidNet | 0us-gaap_InterestPaidNet |
| Cash paid for income taxes | 0us-gaap_IncomeTaxesPaidNet | 0us-gaap_IncomeTaxesPaidNet |
| SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Equity consideration transferred in the Acquisition | 3,750,000us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable | 0us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable |
| Repurchase and cancellation of common stock in disposal of subsidiaries | $ (3,750,000)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue | $ 0us-gaap_StockRepurchasedAndRetiredDuringPeriodValue |
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- Details
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- Definition
Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reduction in cash due to no longer including the former subsidiary's cash in the consolidated entity's cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of increase (decrease) in cash. Cash is the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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| X | ||||||||||
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The change during the period, either increase or decrease, in the amount of cash subject to withdrawal restrictions, restricted deposits, marketable securities that are pledged, investments that are pledged or subject to withdrawal restrictions, and cash and securities segregated in compliance with regulations (such as cash deposited in a special reserve account for the exclusive benefit of customers). No definition available.
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Fee paid on disposal of subsidiaries No definition available.
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- Definition
Non-cash issuance of warrants No definition available.
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