Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue $ 250,000 $ 1,003,973 $ 1,124,874 $ 1,322,155
Operating expenses:        
Research and development 8,743,434 7,944,465 25,788,621 23,080,918
Sales and marketing 1,141,852 736,751 3,924,617 2,189,995
General and administrative 3,116,337 2,450,778 9,560,651 7,266,843
Total operating expenses 13,001,623 11,131,994 39,273,889 32,537,756
Loss from operations (12,751,623) (10,128,021) (38,149,015) (31,215,601)
Other income:        
Loss on sales of property and equipment, net 0 0 (726) 0
Interest income 3,375 2,958 9,343 9,441
Total 3,375 2,958 8,617 9,441
Net loss $ (12,748,248) $ (10,125,063) $ (38,140,398) $ (31,206,160)
Basic and diluted loss per common share $ (0.58) $ (0.57) $ (1.81) $ (1.83)
Weighted average shares outstanding, basic and diluted 21,958,729 17,912,743 21,034,391 17,016,717