| Unaudited Quarterly Financial Information |
15. 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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2015 |
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First |
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Second |
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Third |
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Fourth |
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Revenue
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|
$ |
363,774 |
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|
$ |
242,038 |
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|
$ |
329,795 |
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$ |
240,234 |
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Total operating expenses
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1,492,060 |
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|
6,485,551 |
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2,024,720 |
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2,343,886 |
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Net loss
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(1,292,777 |
) |
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(6,335,471 |
) |
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(1,863,676 |
) |
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(2,219,409 |
) |
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Loss per share:
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Basic and Diluted
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$ |
(0.04 |
) |
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$ |
(0.17 |
) |
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$ |
(0.05 |
) |
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$ |
(0.06 |
) |
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2014 |
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First |
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Second |
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Third |
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Fourth |
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Revenue
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|
$ |
214,660 |
|
|
$ |
303,752 |
|
|
$ |
201,010 |
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|
$ |
220,504 |
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Total operating expenses
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1,783,858 |
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2,080,663 |
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|
1,162,148 |
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|
1,360,155 |
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Net loss
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(1,640,884 |
) |
|
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(1,895,519 |
) |
|
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(1,029,544 |
) |
|
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(1,223,572 |
) |
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Loss per share:
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Basic and Diluted
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$ |
(0.05 |
) |
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$ |
(0.05 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.03 |
) |
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