Schedule of Quarterly Financial Information [Table Text Block] |
Summarized quarterly information for the years ended December 31, 2016 and 2015 is listed below:
| | For the quarter ended | | | | March 31 | | | June 30 | | | September 30 | | | December 31 | | 2016 | | | | | | | | | | | | | | | | | Revenue | | $ | 136,364 | | | $ | 181,818 | | | $ | 1,003,973 | | | $ | 129,786 | | Operating expenses | | $ | 10,936,772 | | | $ | 10,468,990 | | | $ | 11,131,994 | | | $ | 14,744,905 | | Net loss | | $ | (10,796,542) | | | $ | (10,284,555) | | | $ | (10,125,063) | | | $ | (14,611,234) | | Loss per share, basic and diluted | | $ | (0.66) | | | $ | (0.62) | | | $ | (0.57) | | | $ | (0.75) | | | | | | | | | | | | | | | | | | | 2015 | | | | | | | | | | | | | | | | | Revenue | | $ | 200,000 | | | $ | 225,000 | | | $ | 2,075,000 | | | $ | - | | Operating expenses | | $ | 7,131,600 | | | $ | 6,374,970 | | | $ | 7,683,317 | | | $ | 8,887,452 | | Net loss | | $ | (6,925,279) | | | $ | (6,146,582) | | | $ | (5,605,661) | | | $ | (8,884,180) | | Loss per share, basic and diluted | | $ | (0.54) | | | $ | (0.48) | | | $ | (0.43) | | | $ | (0.61) | |
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