Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
License agreements $ 4,000,000 $ 0 $ 4,700,000 $ 0
Total revenues 4,000,000 0 4,700,000 0
Cost of revenues 785,000 0 785,000 0
Gross Profit 3,215,000 0 3,915,000 0
Operating costs and expenses:        
Research and development 199,367 1,017,061 2,915,709 6,168,125
General and administrative 2,520,950 1,831,629 6,409,491 7,513,621
Total operating costs and expenses 2,720,317 2,848,690 9,325,200 13,581,746
Income/(loss) from operations 494,683 (2,848,690) (5,410,200) (13,681,746)
Interest and other expense (154,002) (231,471) (497,868) (743,137)
Net income (loss) 340,681 (3,080,161) (5,908,068) (14,424,883)
Deemed dividend on inducement shares 0 0 (1,388,179) (5,220,000)
Deemed dividend on incentive shares 0 (3,120,000) 0 (3,120,000)
Deemed dividend on warrant reprice 0 0 0 (19,413)
Net income (loss) allocable to common stockholders $ 340,681 $ (6,200,161) $ (7,296,247) $ (22,784,296)
Basic net income (loss) per share $ 0.04 $ (1.62) $ (0.81) $ (8.04)
Diluted net income (loss) per share $ 0.02 $ (1.62) $ (.81) $ (8.04)
Shares used to calculate basic net loss per share 9,253,880 3,830,280 8,983,980 2,834,692
Shares used to calculate diluted net loss per share 17,123,742 3,830,280 8,983,980 2,834,692

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