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Quarterly Consolidated Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Consolidated Financial Data (Unaudited)  
Quarterly Consolidated Financial Data (Unaudited)

Note 13. Quarterly Consolidated Financial Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

    

Mar. 31

    

June 30

    

Sept. 30

 

Dec. 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

$

10,421,473

 

$

13,448,219

 

$

18,947,235

 

$

24,428,170

Net loss

 

$

(10,640,376)

 

$

(13,762,214)

 

$

(19,135,612)

 

$

(24,806,984)

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

 

$

(0.32)

 

$

(0.41)

 

$

(0.56)

 

$

(0.71)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

    

Mar. 31

    

June 30

    

Sept. 30

 

Dec. 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

$

7,163,210

 

$

7,989,593

 

$

8,243,459

 

$

9,450,315

Net loss

 

$

(4,805,559)

 

$

(8,280,916)

 

$

(8,281,974)

 

$

(9,597,015)

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

 

$

(0.19)

 

$

(0.32)

 

$

(0.31)

 

$

(0.32)

(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.