Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information (Tables)

v2.4.0.6
Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2012
Unaudited Quarterly Financial Information [Abstract]  
Summary of the Company's unaudited quarterly results of operations
                                 
    2012  
    First     Second     Third     Fourth  

Revenue

  $ 380,527     $ 256,407     $ 264,248     $ 430,582  
         

Total operating expenses

    1,661,192       7,012,848       2,196,762       2,014,801  

Net loss

    (1,616,908     (6,928,771     (2,555,941     (1,988,826
         

Loss per share:

                               

Basic and Diluted

  $ (0.25   $ (0.52   $ (0.11   $ (0.07

 

                                 
    2011  
    First     Second     Third     Fourth  

Revenue

  $ 349,937     $ 347,569     $ 350,351     $ 396,590  
         

Total operating expenses

    1,770,347       2,323,126       1,927,049       2,056,661  

Net loss

    (1,559,013     (2,373,243     (1,807,290     (1,939,322
         

Loss per share:

                               

Basic and Diluted

  $ (0.28   $ (0.42   $ (0.32   $ (0.33