| Summary of Quarterly Results |
The following is a summary of our unaudited quarterly results for the years ended December 31, 2019 and 2018.
|
|
|
Quarter Ended |
|
|
|
|
March 31,
2019 |
|
|
June 30,
2019 |
|
|
September 30,
2019 |
|
|
December 31,
2019 |
|
|
|
|
(unaudited) |
|
|
Total operating expenses |
|
$ |
8,841,293 |
|
|
$ |
5,978,919 |
|
|
$ |
4,966,638 |
|
|
$ |
4,657,232 |
|
|
Loss from operations |
|
|
(8,841,293 |
) |
|
|
(5,978,919 |
) |
|
|
(4,966,638 |
) |
|
|
(4,657,232 |
) |
|
Other income |
|
|
348,468 |
|
|
|
295,303 |
|
|
|
318,708 |
|
|
|
211,089 |
|
|
Net and comprehensive loss attributable
to common stockholders |
|
$ |
(8,492,825 |
) |
|
$ |
(5,683,616 |
) |
|
$ |
(4,647,930 |
) |
|
$ |
(4,446,143 |
) |
|
Net and comprehensive loss per share
attributable to common stockholders,
basic and diluted |
|
$ |
(0.21 |
) |
|
$ |
(0.14 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.11 |
) |
|
Weighted average number of common shares used
in computing net and comprehensive loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
|
|
40,588,004 |
|
|
|
40,588,004 |
|
|
|
40,588,004 |
|
|
|
40,588,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended |
|
|
|
|
March 31,
2018 |
|
|
June 30,
2018 |
|
|
September 30,
2018 |
|
|
December 31,
2018 |
|
|
|
|
(unaudited) |
|
|
License revenue, and other |
|
$ |
— |
|
|
$ |
1,333,333 |
|
|
$ |
18,821,953 |
|
|
$ |
2,144 |
|
|
Total operating expenses |
|
|
7,476,648 |
|
|
|
7,369,788 |
|
|
|
7,623,916 |
|
|
|
8,868,322 |
|
|
(Loss) income from operations |
|
|
(7,476,648 |
) |
|
|
(6,036,455 |
) |
|
|
11,198,037 |
|
|
|
(8,866,178 |
) |
|
Other income |
|
|
51,116 |
|
|
|
46,464 |
|
|
|
339,441 |
|
|
|
347,588 |
|
|
Net and comprehensive (loss) income attributable
to common stockholders |
|
$ |
(7,425,532 |
) |
|
$ |
(5,989,991 |
) |
|
$ |
11,537,478 |
|
|
$ |
(8,518,590 |
) |
|
Net and comprehensive (loss) income per share
attributable to common stockholders,
basic and diluted |
|
$ |
(0.27 |
) |
|
$ |
(0.22 |
) |
|
$ |
0.28 |
|
|
$ |
(0.21 |
) |
|
Weighted average number of common shares used
in computing net and comprehensive (loss) income
per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
27,045,509 |
|
|
|
27,340,914 |
|
|
|
40,527,722 |
|
|
|
40,587,928 |
|
|
Diluted |
|
|
27,045,509 |
|
|
|
27,340,914 |
|
|
|
40,961,620 |
|
|
|
40,587,928 |
|
|