Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information

v3.21.1
Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

Note 11 – Unaudited Quarterly Financial Information

Summarized quarterly information for the years ended December 31, 2020 and 2019 is listed below:

 

 

 

For the quarter ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

61,475

 

 

$

114,375

 

 

$

61,500

 

 

$

90,000

 

Operating expenses

 

$

8,715,150

 

 

$

8,327,015

 

 

$

7,621,558

 

 

$

7,562,791

 

Net loss

 

$

(8,597,736

)

 

$

(8,204,666

)

 

$

(7,556,837

)

 

$

(7,472,847

)

Loss per share, basic and diluted

 

$

(0.25

)

 

$

(0.20

)

 

$

(0.18

)

 

$

(0.15

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

)