XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenue $ 216,356 $ 303,041
Cost of revenue 1,102,813 192,039 2,138,521 192,039
Gross loss (886,457) (192,039) (1,835,480) (192,039)
Operating Expenses:        
Research and development costs 96,973 9,297 187,377 73,319
General and administrative costs 2,892,964 1,387,327 5,425,466 2,328,187
Total operating expenses 2,989,937 1,396,624 5,612,843 2,401,506
Loss from operations (3,876,394) (1,588,663) (7,448,323) (2,593,545)
Other (expense) income:        
Decrease in derivatives valuation 128,544 128,544
Interest expense (123,543) (123,543)
Interest income 14,384 296 14,384 350
True-up termination fee (1,344,648) (1,344,648)
Liquidated damages under registration rights agreements (15,001) (15,001)
Total other (expense) income, net (1,340,264) 296 (1,340,264) 350
Net loss $ (5,216,658) $ (1,588,367) $ (8,788,587) $ (2,593,195)
Basic and diluted net loss per common share $ (0.21) $ (0.12) $ (0.36) $ (0.23)
Weighted average number of shares outstanding - basic and diluted 25,290,190 13,293,694 24,258,944 11,425,984