Unaudited Quarterly Financial Data |
NOTE 13. UNAUDITED QUARTERLY FINANCIAL DATA
The following table presents selected unaudited quarterly financial data for each full quarterly period of the years ended September 30, 2014 and 2013:
|
|
First |
|
Second |
|
Third |
|
Fourth |
|
Year ended September 30, 2014 |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Revenues |
|
$ |
43,750 |
|
$ |
43,750 |
|
$ |
43,750 |
|
$ |
43,750 |
|
Operating Losses |
|
$ |
(7,009,382) |
|
$ |
(11,212,498) |
|
$ |
(12,700,100) |
|
$ |
(22,354,306) |
|
Net Loss |
|
$ |
(10,685,372) |
|
$ |
(13,982,700) |
|
$ |
(11,626,451) |
|
$ |
(22,430,889) |
|
Net Loss Attributable to Arrowhead |
|
$ |
(10,628,312) |
|
$ |
(13,942,521) |
|
$ |
(11,626,919) |
|
$ |
(22,432,438) |
|
Loss per share (Basic and Diluted) |
|
$ |
(0.28) |
|
$ |
(0.31) |
|
$ |
(0.22) |
|
$ |
(0.42) |
|
|
|
First |
|
Second |
|
Third |
|
Fourth |
|
Year ended September 30, 2013 |
|
Quarter |
|
Quarter |
|
Quarter |
|
Quarter |
|
Revenues |
|
$ |
159,016 |
|
$ |
43,750 |
|
$ |
43,750 |
|
$ |
43,750 |
|
Operating Losses |
|
$ |
(4,810,021) |
|
$ |
(5,390,288) |
|
$ |
(6,389,865) |
|
$ |
(7,999,102) |
|
Net Loss |
|
$ |
(4,780,727) |
|
$ |
(6,940,019) |
|
$ |
(6,177,628) |
|
$ |
(13,805,059) |
|
Net Loss Attributable to Arrowhead |
|
$ |
(4,614,159) |
|
$ |
(6,757,937) |
|
$ |
(6,079,010) |
|
$ |
(13,692,183) |
|
Loss per share (Basic and Diluted) |
|
$ |
(0.33) |
|
$ |
(0.41) |
|
$ |
(0.23) |
|
$ |
(0.43) |
|
|