Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information (Tables)

v3.19.1
Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of the 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.

 

 

 

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

)

 

 

 

2017

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Revenues

 

$

 

 

$

 

 

$

 

 

$

 

Total operating expenses

 

 

1,987,656

 

 

 

1,396,759

 

 

 

1,921,520

 

 

 

1,412,383

 

Profit (Loss) from discontinued operations

 

 

(121

)

 

 

121

 

 

-0-

 

 

 

 

Net Loss

 

 

(1,982,696

)

 

 

(1,220,866

)

 

 

(2,067,230

)

 

 

(1,460,733

)

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per share from continuing

   operations

 

$

(0.40

)

 

$

(0.25

)

 

$

(0.42

)

 

$

(0.30

)

Basic and diluted net profit per share from discontinued

   operations

 

$

0.00

 

 

$

0.00

 

 

$

0.00

 

 

$

0.00