Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating expenses:        
Research and development $ 3,067,612 $ 1,580,511 $ 9,360,520 $ 4,178,294
General and administrative 852,841 1,183,830 2,858,997 2,991,300
Total operating expenses 3,920,453 2,764,341 12,219,517 7,169,594
Loss from operations (3,920,453) (2,764,341) (12,219,517) (7,169,594)
Other income (expense):        
Interest income 86,705 9,066 256,222 15,794
Interest expense (2,501) (2,142) (4,531) (3,643)
Local business tax (300) (418) (900) (1,078)
Total other income, net 83,904 6,506 250,791 11,073
Loss before income taxes (3,836,549) (2,757,835) (11,968,726) (7,158,521)
Income tax benefit
Net loss (3,836,549) (2,757,835) (11,968,726) (7,158,521)
Deemed dividend of Series D preferred stock (1,412,041) (1,412,041)
Net loss applicable to common shareholders $ (3,836,549) $ (4,169,876) $ (11,968,726) $ (8,570,562)
Basic and diluted net loss per share $ (0.08) $ (0.35) $ (0.29) $ (1.12)
Shares used to compute basic and diluted net loss per share 46,124,803 11,937,624 40,989,592 7,656,670