| Selected Quarterly Financial Data (Unaudited) |
14. Selected Quarterly Financial Data (Unaudited)
The following tables show a summary of the Company’s
unaudited quarterly financial data for each of the four quarters of
2017 and 2016:
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2017 |
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1st Quarter |
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2nd Quarter |
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3rd Quarter |
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4th Quarter |
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Loss from operations
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$ |
(6,345,013 |
) |
|
$ |
(6,079,121 |
) |
|
$ |
(6,735,188 |
) |
|
$ |
(7,404,435 |
) |
|
Net loss
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$ |
(6,348,164 |
) |
|
$ |
(2,836,887 |
) |
|
$ |
(1,575,098 |
) |
|
$ |
(4,757,509 |
) |
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Net loss per share of common stock, basic and diluted
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|
$ |
(0.15 |
) |
|
$ |
(0.07 |
) |
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$ |
(0.02 |
) |
|
$ |
(0.06 |
) |
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2016 |
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|
1st Quarter |
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2nd Quarter |
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3rd Quarter |
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4th Quarter |
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Loss from operations
|
|
$ |
(9,154,803 |
) |
|
$ |
(9,777,796 |
) |
|
$ |
(7,891,510 |
) |
|
$ |
(6,708,137 |
) |
|
Net income (loss)
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|
$ |
(8,923,162 |
) |
|
$ |
(9,679,022 |
) |
|
$ |
(10,530,584 |
) |
|
$ |
594,369 |
|
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Net income (loss) per share of common stock, basic and diluted
|
|
$ |
(0.32 |
) |
|
$ |
(0.35 |
) |
|
$ |
(0.28 |
) |
|
$ |
0.01 |
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