Summarized Quarterly Data

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Data

11. Summarized Quarterly Data (Unaudited)

The following financial information reflects all adjustments, which include only normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the consolidated financial results of the interim periods. Summarized quarterly data for the years ended December 31, 2013 and 2012 are as follows:

	For the Quarters Ended
	March 31,			June 30,			September 30,			December 31,
2013
Research and development expense	$	110,981		$	130,846		$	78,731		$	636,423
General and administrative expense		221,049			72,578			406,862			944,359
Net loss		(493,992	)		(239,871	)		(485,904	)		(1,616,698	)
Net loss per share, basic and diluted (1)		(0.44	)		(0.21	)		(0.41	)		(0.27	)
Weighted average shares outstanding, basic and diluted		1,133,375			1,137,125			1,190,212			5,971,236
2012
Research and development expense	$	297,285		$	213,010		$	337,003		$	318,347
General and administrative expense		205,137			147,328			140,746			343,570
Net loss		(500,158	)		(358,666	)		(486,254	)		(672,450	)
Net loss per share, basic and diluted (1)		(0.45	)		(0.32	)		(0.43	)		(0.60	)
Weighted average shares outstanding, basic and diluted		1,118,375			1,122,125			1,125,875			1,129,625

(1) Net loss per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly per-share calculations will not necessarily equal the annual per share calculation.