QUARTERLY FINANCIAL DATA (Unaudited) |
NOTE 12 – QUARTERLY FINANCIAL DATA
(Unaudited)
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First |
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Second |
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Third |
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Fourth |
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Total |
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2016 |
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Total revenue |
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$ |
— |
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|
$ |
— |
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|
$ |
— |
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|
$ |
— |
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$ |
— |
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Operating loss |
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(3,592,148 |
) |
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|
(6,596,035 |
) |
|
|
(7,598,627 |
) |
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|
(6,809,243 |
) |
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|
(24,596,053 |
) |
Net loss |
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(6,145,462 |
) |
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(5,284,859 |
) |
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|
(7,699,741 |
) |
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(6,636,136 |
) |
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|
(25,766,198 |
) |
Net loss per basic and diluted share |
|
$ |
(0.20 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.24 |
) |
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$ |
(0.21 |
) |
|
$ |
(0.82 |
) |
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WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: |
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BASIC AND DILUTED |
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30,472,493 |
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31,344,424 |
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31,501,540 |
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32,016,707 |
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31,349,223 |
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2015 |
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Total revenue |
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$ |
— |
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|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Operating loss |
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|
(4,205,513 |
) |
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|
(6,806,088 |
) |
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(3,334,840 |
) |
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(3,458,839 |
) |
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(17,805,280 |
) |
Net loss |
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(4,540,957 |
) |
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(3,400,548 |
) |
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(3,345,997 |
) |
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(3,910,363 |
) |
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(15,197,865 |
) |
Net loss per basic and diluted share |
|
$ |
(0.18 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.11 |
) |
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$ |
(0.13 |
) |
|
$ |
(0.54 |
) |
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WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: |
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BASIC AND DILUTED |
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25,259,154 |
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27,713,410 |
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30,323,206 |
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30,331,309 |
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28,404,405 |
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