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Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

9. Selected Quarterly Financial Data

 

(in thousands, except per share data) (unaudited)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,027

 

 

$

1,026

 

 

$

1,026

 

 

$

1,027

 

Total operating expenses

 

 

10,998

 

 

 

10,596

 

 

 

11,366

 

 

 

13,271

 

Net loss

 

 

(10,126

)

 

 

(9,645

)

 

 

(10,684

)

 

 

(12,497

)

Basic and diluted net loss per common share

 

$

(0.24

)

 

$

(0.23

)

 

$

(0.26

)

 

$

(0.29

)

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,322

 

 

$

1,027

 

 

$

1,026

 

 

$

1,027

 

Total operating expenses

 

 

9,238

 

 

 

9,031

 

 

 

9,415

 

 

 

8,681

 

Net loss

 

 

(8,377

)

 

 

(8,408

)

 

 

(8,737

)

 

 

(7,940

)

Basic and diluted net loss per common share

 

$

(0.29

)

 

$

(0.29

)

 

$

(0.27

)

 

$

(0.21

)