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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information (Unaudited)  
Quarterly Financial Information (Unaudited)

12. Quarterly Financial Information (Unaudited)

Summarized quarterly financial information for each of the years ended December 31, 2016 and 2015 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

December 31, 

 

September 30, 

 

June 30, 

 

March 31, 

 

 

    

2016

    

2016

    

2016

    

2016

 

Revenue

 

$

 —

 

$
18,500

 

$

 —

 

$

 —

 

Net loss

 

$
(8,328,597)

 

$
(7,854,693)

 

$
(8,071,570)

 

$
(7,554,978)

 

Loss per share—basic and diluted

 

$
(0.36)

 

$
(0.34)

 

$
(0.41)

 

$
(0.40)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

 

December 31, 

 

September 30, 

 

June 30, 

 

March 31, 

 

 

    

2015

    

2015

    

2015

    

2015

 

Revenue

 

$
35,375

 

$

 —

 

$
20,035,375

 

$

 —

 

Net (loss) income

 

$
(8,881,703)

 

$
(7,168,071)

 

$
10,389,405

 

$
(7,109,129)

 

(Loss) income per share—basic

 

$
(0.47)

 

$
(0.38)

 

$
0.55

 

$
(0.37)

 

(Loss) income per share—diluted

 

$
(0.47)

 

$
(0.38)

 

$
0.51

 

$
(0.37)