Income Statement

v3.19.2
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues $ 7,894 $ 252,500 $ 10,394 $ 255,000
Operating expenses:        
Research and development expenses 954,453 1,014,780 2,468,916 2,184,221
General and administrative expenses 971,822 1,260,692 1,916,424 2,442,746
Total operating expenses 1,926,275 2,275,472 4,385,340 4,626,967
Operating loss (1,918,381) (2,022,972) (4,374,946) (4,371,967)
Other income (expense):        
Interest income 10,852 19,514 39,852 37,263
Interest expense (507) (772) (2,524) (2,692)
Change in fair value of derivative instruments 436,126 1,378,830 96,011 1,569,049
Other income (expense) 34,989 (1,646) (309,306) (5,667)
Total other income (expense) 481,460 1,395,926 (175,967) 1,597,953
Net loss $ (1,436,921) $ (627,046) $ (4,550,913) $ (2,774,014)
Net loss per share - basic and diluted (in dollars per share) $ (1.45) $ (0.83) $ (4.78) $ (3.67)
Weighted average common shares outstanding - basic (in shares) 993,854 757,212 952,567 756,533
Comprehensive loss:        
Net loss $ (1,436,921) $ (627,046) $ (4,550,913) $ (2,774,014)
Foreign currency translation adjustment (1,013) (1,604) (2,756) (1,489)
Comprehensive loss $ (1,437,934) $ (628,650) $ (4,553,669) $ (2,775,503)

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