Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.8.0.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Revenue, net $ 0 $ 0
Cost of revenue 0 0
Gross profit 0 0
Operating expenses:    
Research and development 3,539,656 4,754,650
General and administrative 3,178,662 3,787,855
Total operating expenses 6,718,318 8,542,505
Loss from continuing operations (6,718,318) (8,542,505)
Other income (expense):    
Interest income 10,221 40,090
Interest expense (216,328) (4,116)
Local business tax (3,098) (4,798)
Changes in derivative liability 188,727  
Other income 7,271 14,013
Total other income (expense), net (13,207) 45,189
Loss from continuing operations before income taxes (6,731,525) (8,497,316)
Income tax benefit 0 0
Net loss from continuing operations $ (6,731,525) $ (8,497,316)
Basic and diluted net loss per share from continuing operations $ (1.37) $ (1.90)
Shares used to compute basic and diluted net loss per share from continuing operations 4,926,275 4,460,933
Discontinued operations    
Profit (loss) from operations of discontinued component   $ 30,268
Gain on sale of discontinued operations   1,453,744
Income tax benefit $ 0 0
Profit from discontinued operations   $ 1,484,012
Basic and diluted net profit per share from discontinued operations   $ 0.33
Shares used to compute basic and diluted net profit per share from discontinued operations 4,926,275 4,460,933
Net loss $ (6,731,525) $ (7,013,304)
Basic and diluted net loss per share $ (1.37) $ (1.57)
Shares used to compute basic and diluted net loss per share 4,926,275 4,460,933