Annual report pursuant to Section 13 and 15(d)

Unaudited Quarterly Financial Information

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Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
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.

 

     2015  
     First      Second      Third      Fourth  

Revenue

   $ 363,774       $ 242,038       $ 329,795       $ 240,234   

Total operating expenses

     1,492,060         6,485,551         2,024,720         2,343,886   

Net loss

     (1,292,777      (6,335,471      (1,863,676      (2,219,409

Loss per share:

           

Basic and Diluted

   $ (0.04    $ (0.17    $ (0.05    $ (0.06

 

     2014  
     First      Second      Third      Fourth  

Revenue

   $ 214,660       $ 303,752       $ 201,010       $ 220,504   

Total operating expenses

     1,783,858         2,080,663         1,162,148         1,360,155   

Net loss

     (1,640,884      (1,895,519      (1,029,544      (1,223,572

Loss per share:

           

Basic and Diluted

   $ (0.05    $ (0.05    $ (0.03    $ (0.03