| 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 |
) |
|