Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenue $ 1,154,009 $ 1,451,941 $ 2,500,000
Operating expenses:      
Research and development 33,230,668 32,832,677 18,825,041
Sales and marketing 5,207,746 3,201,549 3,221,303
General and administrative 12,103,423 11,248,435 8,030,995
Total operating expenses 50,541,837 47,282,661 30,077,339
Loss from operations (49,387,828) (45,830,720) (27,577,339)
Other income (expense):      
Interest income, net 11,679 13,326 15,637
Loss on sale of property and equipment (726)    
Total 10,953 13,326 15,637
Net loss $ (49,376,875) $ (45,817,394) $ (27,561,702)
Basic and diluted loss per common share $ (2.31) $ (2.60) $ (2.07)
Weighted average shares outstanding, basic and diluted 21,343,001 17,649,013 13,303,715