Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information

v3.19.3.a.u2
Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

12. 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.

 

    2019  
    First     Second     Third     Fourth  
Revenues   $     $     $     $  
Total operating expenses     3,394,210       4,904,854       3,920,453       3,658,053  
Net Loss     (3,325,717 )     (4,806,460 )     (3,836,549 )     (3,597,278 )
Net Loss applicable to common shareholders     (3,325,717 )     (4,806,460 )     (3,836,549 )     (3,597,278 )
Loss per share:                                

Basic and diluted net loss per share from continuing

   operations

  $ (0.11 )   $ (0.10 )   $ (0.08 )   $ (0.08 )

 

    2018  
    First     Second     Third     Fourth  
Revenues   $     $     $     $  
Total operating expenses     2,121,704       2,283,549       2,764,341       2,824,546  
Net Loss     (2,119,397 )     (2,281,289 )     (2,757,835 )     (2,755,620 )
Net Loss applicable to common shareholders     (2,119,397 )     (2,281,289 )     (4,169,876 )     (2,755,620 )
Loss per share:                                

Basic and diluted net loss per share from continuing

   operations

  $ (0.42 )   $ (0.38 )   $ (0.35 )   $ (0.09 )