| 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.
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2018
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|
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First
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Second
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Third
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Fourth
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Revenues
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|
$
|
—
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|
|
$
|
—
|
|
|
$
|
—
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|
|
$
|
—
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|
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Total operating expenses
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|
|
2,121,704
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|
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|
2,283,549
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|
|
|
2,764,341
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|
|
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2,824,546
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|
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Net Loss
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|
|
(2,119,397
|
)
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|
|
(2,281,289
|
)
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|
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(2,757,835
|
)
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|
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(2,755,620
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)
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Net Loss applicable to common shareholders
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|
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(2,119,397
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)
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|
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(2,281,289
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)
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|
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(4,169,876
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)
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|
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(2,755,620
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)
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Loss per share:
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|
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Basic and diluted net loss per share from continuing
operations
|
|
$
|
(0.42
|
)
|
|
$
|
(0.38
|
)
|
|
$
|
(0.35
|
)
|
|
$
|
(0.09
|
)
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|
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|
2017
|
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|
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|
First
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|
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Second
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|
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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
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|
|
-0-
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|
|
|
—
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|
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Net Loss
|
|
|
(1,982,696
|
)
|
|
|
(1,220,866
|
)
|
|
|
(2,067,230
|
)
|
|
|
(1,460,733
|
)
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|
Loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic and diluted net loss per share from continuing
operations
|
|
$
|
(0.40
|
)
|
|
$
|
(0.25
|
)
|
|
$
|
(0.42
|
)
|
|
$
|
(0.30
|
)
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|
Basic and diluted net profit per share from discontinued
operations
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|
$
|
0.00
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|
|
$
|
0.00
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|
|
$
|
0.00
|
|
|
$
|
0.00
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|