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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating expenses        
General and administrative $ 419,000 $ 585,000 $ 900,000 $ 1,788,000
Research and development 530,000 608,000 1,024,000 1,596,000
Operating loss (949,000) (1,193,000) (1,924,000) (3,384,000)
Other income (expense):        
Interest income 1,000 3,000 2,000 5,000
Interest expense (45,000) (46,000) (90,000) (86,000)
Other income (expense) (75,000) (17,000) 7,000 (37,000)
Total other income (expense) (119,000) (60,000) (81,000) (118,000)
Loss before income tax benefit (1,068,000) (1,253,000) (2,005,000) (3,502,000)
Income tax benefit 90,000 38,000 206,000 95,000
Net loss (978,000) (1,215,000) (1,799,000) (3,407,000)
Foreign currency translation adjustment gain (loss) 42,000 (9,000) (33,000) (13,000)
Comprehensive loss $ (932,000) $ (1,224,000) $ (1,831,000) $ (3,420,000)
Basic and diluted net loss per share (in dollars per share) $ (0.03) $ (0.18) $ (0.06) $ (0.55)
Weighted average shares outstanding – basic and diluted (in shares) 30,126,755 6,585,533 30,058,942 6,225,722