Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) (Tables)

v3.8.0.1
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

    Quarters Ended  
    March 31, 2017     June 30, 2017     September 30, 2017     December 31, 2017  
Revenue from awards   $ 1,293,697     $ 350,186     $ 796,312     $  
Operating expenses:                                
Research and development     6,366,112       5,763,660       5,622,511       8,286,682  
General and administrative     2,380,125       1,878,090       2,130,587       2,575,244  
Total operating expenses     8,746,237       7,641,750       7,753,098       10,861,926  
Operating loss     (7,452,540 )     (7,291,564 )     (6,956,786 )     (10,861,926 )
Other income (expense):                                
Interest income (expense), net     1,366       5,271       43,402       133,073  
Foreign currency exchange gain (loss)     (14,265 )     (10,594 )     (52,212 )     35,163  
Other income (expense), net     (12,899 )     (5,323 )     (8,810 )     168,236  
Net loss   $ (7,465,439 )   $ (7,296,887 )   $ (6,965,596 )     (10,693,690 )
Net loss per share, basic and diluted   $ (0.16 )   $ (0.15 )   $ (0.14 )     (0.20 )
Weighted average number of common shares outstanding, basic and diluted     46,381,482       50,193,726       50,221,597       53,828,680  

 

 

 

    Quarters Ended  
    March 31, 2016     June 30, 2016     September 30, 2016     December 31, 2016  
Revenue from awards   $ 396,598     $ 396,598     $ 742,558     $ 375,670  
Operating expenses:                                
Research and development     2,173,933       3,567,003       4,315,632       5,380,167  
General and administrative     1,109,889       1,021,225       1,760,696       2,567,937  
Total operating expenses     3,283,822       4,588,228       6,076,328       7,948,104  
Operating loss     (2,887,224 )     (4,191,630 )     (5,333,770 )     (7,572,434 )
Other income (expense):                                
Interest income (expense), net     (5,360 )     4,049       1,731       57  
Foreign currency exchange gain (loss)     343       (1,810 )     (14,729 )     2,102  
Other income (expense), net     (5,017 )     2,239       (12,998 )     2,159  
Net loss   $ (2,892,241 )   $ (4,189,391 )   $ (5,346,768 )     (7,570,275 )
Net loss per share, basic and diluted   $ (0.08 )   $ (0.11 )   $ (0.12 )     (0.17 )
Weighted average number of common shares outstanding, basic and diluted     37,605,210       38,748,452       43,783,504       44,348,543