Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v2.4.0.6
Quarterly Financial Information
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information [Abstract]  
Quarterly Financial Information

15. Unaudited Quarterly Financial Information

The quarterly interim financial information shown below has been prepared by the Company's management and is unaudited. It should be read in conjunction with the audited financial statements appearing herein.

 

     2011  
     First     Second     Third     Fourth  

Revenue

   $ 349,937      $ 347,569      $ 350,351      $ 396,590   

Total operating expenses

     1,770,347        2,323,126        1,927,049        2,056,661   

Net loss

     (1,559,013     (2,373,243     (1,807,290     (1,939,322

Loss per share:

        

Basic and Diluted

   $ (0.28   $ (0.42   $ (0.32   $ (0.33
     2010  
     First     Second     Third     Fourth  

Revenue

   $ 341,483      $ 304,696      $ 364,574      $ 298,157   

Total operating expenses

     1,890,997        2,186,467        2,087,934        2,134,390   

Net loss

     (1,747,199     (2,010,222     (1,875,228     (2,172,516

Loss per share:

        

Basic and Diluted

   $ (0.32   $ (0.37   $ (0.34   $ (0.38