XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Research and development revenue $ 402,527 $ 184,330
Costs and expenses:    
Costs of research and development revenue 327,903 146,809
Research and development 692,370 576,884
Research and development - related party 389,473 392,549
General and administrative 1,428,067 1,292,997
Foreign currency exchange loss, net 6,034 4,840
Total costs and expenses 2,843,847 2,414,079
Loss from operations (2,441,320) (2,229,749)
Interest income 266,962 186,457
Loss before income taxes (2,174,358) (2,043,292)
Provision for income taxes 900 0
Net loss $ (2,175,258) $ (2,043,292)
Basic and diluted net loss per common share (USD per share) $ (0.08) $ (0.07)
Basic and diluted weighted-average common shares outstanding (in shares) 26,713,486 28,159,244