Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

v3.5.0.2
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenue, net $ 0 $ 0 $ 0 $ 0
Cost of revenue 0 0 0 0
Gross profit 0 0 0 0
Operating expenses:        
Research and development 812,565 5,611,921 2,053,975 6,288,516
Selling, general and administrative 920,717 732,302 1,753,952 1,430,563
Total operating expenses 1,733,282 6,344,223 3,807,927 7,719,079
Loss from continuing operations (1,733,282) (6,344,223) (3,807,927) (7,719,079)
Other income (expense):        
Interest income 1,432 5,755 4,028 12,371
Interest expense (885) (10,031) (1,656) (10,637)
Local business tax (1,200) (900) (2,378) (2,900)
Other income (expense) 373   373 (504)
Total other income (expense), net (280) (5,176) 367 (1,670)
Loss from continuing operations before income taxes (1,733,562) (6,349,399) (3,807,560) (7,720,749)
Income tax benefit 0 0 0 0
Net loss from continuing operations $ (1,733,562) $ (6,349,399) $ (3,807,560) $ (7,720,749)
Basic and diluted net loss per share from continuing operations $ (0.04) $ (0.17) $ (0.10) $ (0.21)
Shares used to compute basic and diluted net loss per share 40,065,793 36,378,944 40,010,518 36,295,428
Discontinued operations        
Profit (Loss) from operations of discontinued component $ (32,797) $ 13,928 $ (21,684) $ 92,501
Gain on sale of discontinued operations 1,453,744   1,453,744  
Income tax benefit 0 0 0 0
Profit from discontinued operations $ 1,420,947 $ 13,928 $ 1,432,060 $ 92,501
Basic and diluted net profit per share from discontinued operations $ 0.04 $ 0.00 $ 0.04 $ 0.00
Shares used to compute basic and diluted net loss per share 40,065,793 36,378,944 40,010,518 36,295,428
Net loss $ (312,615) $ (6,335,471) $ (2,375,500) $ (7,628,248)
Basic and diluted net loss per share $ (0.01) $ (0.17) $ (0.06) $ (0.21)
Shares used to compute basic and diluted net loss per share 40,065,793 36,378,944 40,010,518 36,295,428