Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Data (Unaudited)

Quarterly Data (Unaudited)

16. Quarterly Data (Unaudited)

The following tables summarize the quarterly results of operations for each of the quarters in 2019 and 2018.  These quarterly results are unaudited, but in the opinion of management, have been prepared on the same basis as our audited financial information and include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the information set forth herein (in thousands, except per share amounts).

	March 31,		June 30,		September 30,		December 31,
	2019		2019		2019		2019
Total revenue	$	—	$	—	$	—	$	—
Operating expenses	$	4,707	$	3,547	$	4,499	$	6,105
Net loss	$	(4,669)	$	(3,484)	$	(4,432)	$	(6,021)
Basic and diluted net loss per common share	$	(0.13)	$	(0.08)	$	(0.08)	$	(0.10)

	March 31,		June 30,		September 30,		December 31,
	2018		2018		2018		2018
Total revenue	$	—	$	—	$	—	$	—
Operating expenses	$	7,046	$	5,147	$	3,615	$	3,727
Net loss	$	(6,833)	$	(5,344)	$	(3,792)	$	(3,810)
Basic and diluted net loss per common share	$	(0.20)	$	(0.16)	$	(0.11)	$	(0.11)

The net loss and basic and diluted net loss per share for the quarter ended March 31, 2018 include a tax benefit of $0.5 million from the sale of New Jersey state NOLs. (see Note 11).