Selected Quarterly Financial Data (Unaudited) |
14. Selected Quarterly Financial Data (Unaudited)
The following interim financial information presents the Company’s 2016 and 2017 results of operations on a quarterly basis:
|
|
Quarter Ended |
|
|
|
March 31, |
|
|
June 30, |
|
|
September 30, |
|
|
December 31, |
|
|
|
2016 |
|
|
2016 |
|
|
2016 |
|
|
2016 |
|
Net Operating Loss |
|
$ |
(6,228,452 |
) |
|
$ |
(7,572,638 |
) |
|
$ |
(7,234,204 |
) |
|
$ |
(6,247,048 |
) |
Net Loss |
|
|
(5,999,699 |
) |
|
|
(7,294,245 |
) |
|
|
(7,210,591 |
) |
|
|
(6,620,102 |
) |
Net Loss per common share, basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and diluted |
|
|
(0.33 |
) |
|
|
(0.41 |
) |
|
|
(0.86 |
) |
|
|
(3.22 |
) |
|
|
|
|
|
|
Quarter Ended |
|
|
|
March 31, |
|
|
June 30, |
|
|
September 30, |
|
|
December 31, |
|
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
|
2017 |
|
Net Operating Loss |
|
$ |
(9,214,375 |
) |
|
$ |
(12,394,490 |
) |
|
$ |
(11,589,319 |
) |
|
$ |
(17,568,845 |
) |
Net Loss |
|
|
(9,050,773 |
) |
|
|
(12,126,152 |
) |
|
|
(11,573,273 |
) |
|
|
(18,255,896 |
) |
Net Loss per common share, basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and diluted |
|
|
(0.50 |
) |
|
|
(0.67 |
) |
|
|
(1.37 |
) |
|
|
(3.68 |
) |
|