| 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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|
2015 |
|
| |
|
First |
|
|
Second |
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Third |
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|
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:
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|
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Basic and Diluted
|
|
$ |
(0.04 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.06 |
) |
|
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|
|
|
|
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| |
|
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 |
) |
|