Quarterly Financial Data - Unaudited

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

NOTE Q – QUARTERLY FINANCIAL DATA – UNAUDITED

The following tables present certain unaudited consolidated quarterly financial information for each of the past eight quarters ended December 31, 2017 and 2016. This quarterly information has been prepared on the same basis as the Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for the periods presented.


	Fiscal Year Ended December 31, 2017
	Quarter Ending
	March 31			June 30			September 30			December 31
Revenue - net	$	649,353		$	587,270		$	11,854		$	—
Gross profit		649,353			587,270			11,854			—
Net income (loss)		(2,199,263	)		(1,916,885	)		(2,251,097	)		(1,392,227	)
Basic and diluted net income per share	$	(0.28	)	$	(0.23	)	$	(0.27	)	$	(0.17	)

	Fiscal Year Ended December 31, 2016
	Quarter Ending
	March 31			June 30			September 30			December 31
Revenue - net	$	582,477		$	1,217,318		$	2,883,240		$	—
Gross profit		582,477			1,217,318			2,883,240			—
Net income (loss)		84,644			(1,858,778	)		(2,132,303	)		(2,409,584	)
Basic and diluted net income per share	$	0.01		$	(0.25	)	$	(0.28	)	$	(0.32	)