XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues [Abstract]        
Total revenues $ 138,285 $ 111,813 $ 300,243 $ 211,949
Costs and expenses:        
Cost of revenues 0 204,436 0 570,780
Research and development 2,830,340 1,952,767 5,478,939 3,836,605
Selling, general and administrative 1,527,904 2,150,871 3,003,026 4,655,848
Restructuring charges 0 243,335 0 243,335
Total operating expenses 4,358,244 4,551,409 8,481,965 9,306,568
Loss from operations (4,219,959) (4,439,596) (8,181,722) (9,094,619)
Interest income 69,761 36,202 134,504 57,973
Interest expense 0 (925) 0 (25,161)
Gain from change in fair value of derivative financial instruments—warrants 23,789 711,229 14,028 581,540
Gain on extinguishment of debt 0 17,974 0 17,974
Other income (expense), net 1,106 (71,839) 3,116 (70,839)
Net loss (4,125,303) (3,746,955) (8,030,074) (8,533,132)
Preferred stock dividend payable on Series A Convertible Preferred Stock (6,060) (6,060) (12,120) (12,120)
Net loss attributable to common stockholders $ (4,131,363) $ (6,522,548) $ (8,310,463) $ (11,314,785)
Net loss per common share - basic (in USD per share) $ (0.79) $ (5.27) $ (1.78) $ (11.27)
Net loss per common share - diluted (in USD per share) $ (0.79) $ (5.27) $ (1.78) $ (11.27)
Weighted-average shares outstanding — basic (in shares) 5,241,924 1,237,244 4,667,434 1,004,391
Weighted-average shares outstanding — diluted (in shares) 5,241,924 1,237,244 4,667,434 1,004,391
Royalties        
Revenues [Abstract]        
Royalties $ 36,852 $ 52,423 $ 98,873 $ 101,478
Services and other        
Revenues [Abstract]        
Services and other 101,433 59,390 201,370 110,471
Series B Convertible Preferred Stock        
Costs and expenses:        
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance 0 (2,769,533) 0 (2,769,533)
Series C Convertible Preferred Stock        
Costs and expenses:        
Deemed dividend recognized for beneficial conversion features of Convertible Preferred Stock issuance $ 0 $ 0 $ (268,269) $ 0