Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information (Tables)

v3.20.1
Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Summarized quarterly information for the years ended December 31, 2019 and 2018 is listed below:

 

 

 

For the quarter ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

66,500

 

 

$

47,500

 

 

$

40,500

 

 

$

45,643

 

Operating expenses

 

$

11,162,041

 

 

$

9,994,156

 

 

$

8,342,569

 

 

$

9,509,277

 

Net loss

 

$

(11,019,468

)

 

$

(9,803,996

)

 

$

(8,184,227

)

 

$

(9,391,398

)

Loss per share, basic and diluted

 

$

(0.39

)

 

$

(0.32

)

 

$

(0.27

)

 

$

(0.29

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

)