Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS

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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue $ 299,506 $ 181,818 $ 874,874 $ 318,182
Operating expenses:        
Research and development 8,692,003 7,462,360 17,045,187 15,136,453
Sales and marketing 1,187,313 646,177 2,782,765 1,453,244
General and administrative 3,341,563 2,360,453 6,444,314 4,816,066
Total operating expenses 13,220,879 10,468,990 26,272,266 21,405,763
Loss from operations (12,921,373) (10,287,172) (25,397,392) (21,087,581)
Other income:        
Loss on sales of property and equipment, net 0 0 (726) 0
Interest income 2,363 2,617 5,968 6,483
Total 2,363 2,617 5,242 6,483
Net loss $ (12,919,010) $ (10,284,555) $ (25,392,150) $ (21,081,098)
Basic and diluted loss per common share $ (0.63) $ (0.62) $ (1.23) $ (1.27)
Weighted average shares outstanding, basic and diluted 20,643,261 16,721,332 20,564,561 16,563,780