| Summary of Company's Unaudited Quarterly Results of Operations |
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 |
) |
|