Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information

v3.10.0.1
Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

Note 11 – Unaudited Quarterly Financial Information

Summarized quarterly information for the years ended December 31, 2018 and 2017 is listed below:

 

 

 

For the quarter ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

25,000

 

 

$

205,773

 

 

$

228,000

 

 

$

56,050

 

Operating expenses

 

$

13,474,163

 

 

$

12,510,139

 

 

$

12,879,961

 

 

$

12,579,970

 

Net loss

 

$

(13,443,457

)

 

$

(12,298,371

)

 

$

(12,645,291

)

 

$

(12,453,003

)

Loss per share, basic and diluted

 

$

(0.55

)

 

$

(0.48

)

 

$

(0.49

)

 

$

(0.48

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

575,368

 

 

$

299,506

 

 

$

250,000

 

 

$

29,135

 

Operating expenses

 

$

13,051,387

 

 

$

13,220,879

 

 

$

13,001,623

 

 

$

11,267,948

 

Net loss

 

$

(12,473,140

)

 

$

(12,919,010

)

 

$

(12,748,248

)

 

$

(11,236,477

)

Loss per share, basic and diluted

 

$

(0.61

)

 

$

(0.63

)

 

$

(0.58

)

 

$

(0.50

)