| Unaudited Quarterly Financial Information |
13. 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.
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2018
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First
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Second
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Third
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Fourth
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Revenues
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$
|
—
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|
|
$
|
—
|
|
|
$
|
—
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|
|
$
|
—
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Total operating expenses
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2,121,704
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|
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2,283,549
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|
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2,764,341
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|
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2,824,546
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Net Loss
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|
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(2,119,397
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)
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|
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(2,281,289
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)
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(2,757,835
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)
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(2,755,620
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)
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Net Loss applicable to common shareholders
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(2,119,397
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)
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(2,281,289
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)
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(4,169,876
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)
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(2,755,620
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)
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Loss per share:
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Basic and diluted net loss per share from continuing
operations
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|
$
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(0.42
|
)
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|
$
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(0.38
|
)
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|
$
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(0.35
|
)
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|
$
|
(0.09
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)
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2017
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|
First
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Second
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Third
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|
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Fourth
|
|
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Revenues
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Total operating expenses
|
|
|
1,987,656
|
|
|
|
1,396,759
|
|
|
|
1,921,520
|
|
|
|
1,412,383
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Profit (Loss) from discontinued operations
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|
|
(121
|
)
|
|
|
121
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-0-
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|
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—
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Net Loss
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|
|
(1,982,696
|
)
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|
|
(1,220,866
|
)
|
|
|
(2,067,230
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)
|
|
|
(1,460,733
|
)
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Loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic and diluted net loss per share from continuing
operations
|
|
$
|
(0.40
|
)
|
|
$
|
(0.25
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)
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|
$
|
(0.42
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)
|
|
$
|
(0.30
|
)
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Basic and diluted net profit per share from discontinued
operations
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|
$
|
0.00
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|
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$
|
0.00
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|
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$
|
0.00
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|
|
$
|
0.00
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|