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Quarterly Consolidated Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Consolidated Financial Data (Unaudited)  
Quarterly Consolidated Financial Data (Unaudited)

Note 14. Quarterly Consolidated Financial Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

    

Mar. 31

    

June 30

    

Sept. 30

 

Dec. 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

$

7,672,033

 

$

6,750,738

 

$

6,297,416

 

$

6,444,120

Net loss

 

$

(7,995,039)

 

$

(7,084,316)

 

$

(6,433,536)

 

$

(7,430,501)

Net loss per common share, basic and diluted (1)

 

$

(0.41)

 

$

(0.30)

 

$

(0.27)

 

$

(0.31)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

    

Mar. 31

    

June 30

    

Sept. 30

 

Dec. 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

$

5,882,865

 

$

6,827,280

 

$

7,207,803

 

$

7,625,560

Net loss

 

$

(5,865,941)

 

$

(6,812,190)

 

$

(7,194,584)

 

$

(7,328,938)

Net loss per common share, basic and diluted (1)

 

$

(0.31)

 

$

(0.36)

 

$

(0.38)

 

$

(0.38)

(1)

Basic and diluted net loss per common share is computed independently for each of the quarters presented. Therefore, the sum of all quarterly basic and fully diluted net loss per common share may not equal the annual basic and diluted net loss per common share.