Quarterly Results of Operations (Unaudited) |
Quarterly Results of Operations (Unaudited) | | | | | | | | | | | | | | | | | | Quarter Ended | | March 31, 2017 | | June 30, 2017 | | September 30, 2017 | | December 31, 2017 | Revenues | $ | 19,294 |
| | $ | 27,370 |
| | $ | 26,960 |
| | $ | 30,705 |
| Gross loss (1) | (900,243 | ) | | (909,784 | ) | | (838,879 | ) | | (712,596 | ) | Loss from operations | (2,444,659 | ) | | (2,551,677 | ) | | (2,038,440 | ) | | (1,843,190 | ) | Net loss | (2,774,180 | ) | | (2,932,722 | ) | | (2,497,011 | ) | | (2,372,265 | ) | Basic loss per common share | (0.07 | ) | | (0.08 | ) | | (0.06 | ) | | (0.05 | ) | Diluted loss per common share | (0.07 | ) | | (0.08 | ) | | (0.06 | ) | | (0.05 | ) | | | | | | | | | | Quarter Ended | | March 31, 2016 | | June 30, 2016 | | September 30, 2016 | | December 31, 2016 | Revenues | $ | 2,020,521 |
| | $ | 1,491,276 |
| | $ | 1,134,795 |
| | $ | 423,625 |
| Gross profit/(loss) (1) | 552,171 |
| | 136,636 |
| | 273,870 |
| | (580,694 | ) | Loss from operations | (3,829,658 | ) | | (2,268,327 | ) | | (1,667,446 | ) | | (2,447,913 | ) | Net loss | (4,051,395 | ) | | (2,854,784 | ) | | (2,193,201 | ) | | (3,865,324 | ) | Basic loss per common share | (0.12 | ) | | (0.08 | ) | | (0.07 | ) | | (0.10 | ) | Diluted loss per common share | (0.12 | ) | | (0.08 | ) | | (0.07 | ) | | (0.10 | ) | | | | | | | | |
(1) Total revenues less costs applicable to mining revenue and real estate operating costs.
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