Annual report pursuant to Section 13 and 15(d)

Select Quarterly Data

v3.8.0.1
Select Quarterly Data
12 Months Ended
Dec. 31, 2017
Select Quarterly Data [Abstract]  
Select Quarterly Data

17Select Quarterly Data (Unaudited)







 

 

 

 

 

 

 

 



 

2017



 

For the Quarter Ended



 

March 31

 

June 30

 

September 30

 

December 31

Revenues

$

 -

$

 -

$

 -

$

 -

Expenses

 

3,953,241 

 

4,283,925 

 

4,219,322 

 

4,898,229 

Loss from Operations

 

(3,953,241)

 

(4,283,925)

 

(4,219,322)

 

(4,898,229)

Other Income (Expense), net

 

(17,657,783)

 

5,230,981 

 

3,181,250 

 

1,305,766 

Net Income (Loss)

$

(21,611,024)

$

947,056 

$

(1,038,072)

$

(3,592,463)

Net Income (Loss) per share, basic

$

(0.91)

$

0.04 

$

(0.04)

$

(0.12)

Net Income (Loss) per share, diluted

$

(0.91)

$

0.03 

$

(0.04)

$

(0.12)



 

 

 

 

 

 

 

 



 

2016



 

For the Quarter Ended



 

March 31

 

June 30

 

September 30

 

December 31

Revenues

$

 -

$

 -

$

 -

$

 -

Expenses

 

4,863,981 

 

3,912,782 

 

3,717,575 

 

3,919,047 

Loss from Operations

 

(4,863,981)

 

(3,912,782)

 

(3,717,575)

 

(3,919,047)

Other Income, net

 

714,939 

 

2,146,958 

 

850,579 

 

3,393,564 

Net Loss

$

(4,149,042)

$

(1,765,824)

$

(2,866,996)

$

(525,483)

Net Loss per share, basic and diluted

$

(0.20)

$

(0.08)

$

(0.13)

$

(0.02)