Annual report pursuant to Section 13 and 15(d)

Select Quarterly Data

v3.3.1.900
Select Quarterly Data
12 Months Ended
Dec. 31, 2015
Select Quarterly Data [Abstract]  
Select Quarterly Data

16Select Quarterly Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

For the Quarter Ended

 

 

March 31

 

June 30

 

September 30

 

December 31

Revenues

$

 -

$

 -

$

 -

$

 -

Expenses

 

4,417,708 

 

4,819,940 

 

4,658,555 

 

4,367,233 

Loss from Operations

 

(4,417,708)

 

(4,819,940)

 

(4,658,555)

 

(4,367,233)

Other Income (Expense)

 

145,997 

 

1,585,780 

 

632,025 

 

1,515,078 

Net Loss

$

(4,271,711)

$

(3,234,160)

$

(4,026,530)

$

(2,852,155)

Net Loss per share, basic and diluted

$

(0.02)

$

(0.02)

$

(0.02)

$

(0.02)

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

For the Quarter Ended

 

 

March 31

 

June 30

 

September 30

 

December 31

Revenues

$

 -

$

 -

$

 -

$

 -

Expenses

 

2,766,094 

 

3,508,936 

 

3,141,706 

 

3,852,493 

Loss from Operations

 

(2,766,094)

 

(3,508,936)

 

(3,141,706)

 

(3,852,493)

Other Income (Expense)

 

(11,834,405)

 

3,703,400 

 

1,236,258 

 

1,642,375 

Net (Loss) Income per share

$

(14,600,499)

$

194,464 

$

(1,905,448)

$

(2,210,118)

Net (Loss) Income per share, basic and diluted

$

(0.09)

$

0.00 

$

(0.01)

$

(0.01)