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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)

19. Quarterly Results of Operations (Unaudited)

The following tables contain selected financial data for each quarter of the years ended December 31, 2018 and 2017. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for each quarter of the years ended December 31, 2018 and 2017. The operating results for any period are not necessarily indicative of results for any future periods.

 

 

 

Year Ended December 31, 2018

 

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Revenues

 

$

 

 

$

2,874

 

 

$

5,062

 

 

$

5,533

 

 

Net loss - Basic and Diluted

 

 

(16,767

)

 

 

(17,194

)

 

 

(19,400

)

 

 

(20,652

)

 

Loss per share - Basic and Diluted

 

$

(0.51

)

 

$

(0.52

)

 

$

(0.51

)

 

$

(0.52

)

 

 

 

 

Year Ended December 31, 2017

 

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Revenues

 

$

911

 

 

$

 

 

$

 

 

$

 

 

Net loss  - Basic and Diluted

 

 

(22,204

)

 

 

(9,300

)

 

 

(12,444

)

 

 

(14,177

)

 

Loss per share - Basic and Diluted

 

$

(0.81

)

 

$

(0.29

)

 

$

(0.38

)

 

$

(0.43

)

(a)

 

(a)

The difference between the sum of net loss per share, basic and diluted, as calculated on a quarterly basis for 2017 ($1.91), and net loss per share, basic and diluted, for the year ended December 31, 2017 ($1.86) is due to the denominator used for the year ended December 31, 2017, which weights shares outstanding on a cumulative basis and reflects the issuance of 5.1 million shares of the Company’s common stock during the year ended December 31, 2017 (see Note 9, Stockholders’ Equity).