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Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

(10) Selected Quarterly Financial Data (Unaudited)

		Quarter
2017		First				Second				Third				Fourth (2)
Fee Income		$	393,116			$	348,179			$	488,336			$	279,439
Operating loss			(954,432	)			(490,652	)			(304,251	)			(669,276	)
Net loss			(952,555	)			(489,812	)			(303,138	)			(668,354	)
Basic and diluted net loss
per common share (1)			(0.04	)			(0.02	)			(0.01	)			(0.03	)

		Quarter
2016		First				Second				Third				Fourth (2)
Fee Income		$	409,133			$	244,432			$	304,772			$	277,760
Operating loss			(1,187,591	)			(1,124,730	)			(566,063	)			(1,389,561	)
Net loss			(1,176,693	)			(1,116,758	)			(559,731	)			(1,385,228	)
Basic and diluted net loss
per common share (1)			(0.06	)			(0.05	)			(0.02	)			(0.06	)

(1)	Since per share information is computed independently for each quarter and the full year, based on the respective average number of common shares outstanding, the sum of the quarterly per share amounts does not necessarily equal the per share amounts for the year.

(2)	The Company incurred higher costs in the fourth quarter of 2017 and 2016 due to: (i) $76,000 and $68,000 of stock and option compensation charges in 2017 and 2016, respectively, relating to common stock and options granted to directors and employees, and $480,563 of bad debt expense recorded in the fourth quarter of 2016.