Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information

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Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

Note 11 – Unaudited Quarterly Financial Information

Summarized quarterly information for the years ended December 31, 2017 and 2016 is listed below:

 

     For the quarter ended  
     March 31     June 30     September 30     December 31  

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

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