| Schedule of Quarterly Financial Information |
A summary of revenues, operating expenses,
other income and net loss attributable to common stockholders for each of the last two years follows (this information is unaudited):
| |
|
1st |
|
|
2nd |
|
|
3rd |
|
|
4th |
|
|
|
|
| |
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Annual |
|
| 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Operating expenses |
|
|
(233,940 |
) |
|
|
(280,335 |
) |
|
|
(712,852 |
) |
|
|
(575,306 |
) |
|
|
(1,802,433 |
) |
| Interest expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(59,063 |
) |
|
|
(59,063 |
) |
| Other income |
|
|
1,498 |
|
|
|
1,889 |
|
|
|
1,285 |
|
|
|
509 |
|
|
|
5,181 |
|
| Net loss attributable to common stockholders |
|
$ |
(232,442 |
) |
|
$ |
(278,446 |
) |
|
$ |
(711,567 |
) |
|
$ |
(633,860 |
) |
|
$ |
(1,856,315 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average common shares - basic and diluted |
|
|
31,745,242 |
|
|
|
31,745,242 |
|
|
|
31,745,242 |
|
|
|
35,119,261 |
|
|
|
32,595,680 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share - basic and diluted |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.06 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Operating expenses |
|
|
(280,956 |
) |
|
|
(575,281 |
) |
|
|
(829,064 |
) |
|
|
(236,219 |
) |
|
|
(1,921,520 |
) |
| Interest expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Other income |
|
|
7 |
|
|
|
869 |
|
|
|
1,698 |
|
|
|
1,880 |
|
|
|
4,454 |
|
| Net loss attributable to common stockholders |
|
$ |
(280,949 |
) |
|
$ |
(574,412 |
) |
|
$ |
(827,366 |
) |
|
$ |
(234,339 |
) |
|
$ |
(1,917,066 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average common shares - basic and diluted |
|
|
26,870,217 |
|
|
|
26,870,217 |
|
|
|
31,745,242 |
|
|
|
31,745,242 |
|
|
|
29,321,049 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share - basic and diluted |
|
$ |
(0.01 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.07 |
) |
|