Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
COSTS AND EXPENSES:    
Research and development $ 1,039,454 $ 1,643,994
General and administrative 961,254 943,433
Total costs and expenses 2,000,708 2,587,427
LOSS FROM OPERATIONS (2,000,708) (2,587,427)
OTHER INCOME (EXPENSE):    
Gain on revaluation of derivative warrants 2,824,722 288,251
Interest income (expense), net 549 (1,980)
Total other income, net 2,825,271 286,271
NET INCOME (LOSS) $ 824,563 $ (2,301,156)
BASIC NET INCOME (LOSS) PER COMMON SHARE $ 0.96 $ (3.04)
SHARES USED IN COMPUTING BASIC NET INCOME (LOSS) PER COMMON SHARE 858,107 756,276
FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE $ 0.91 $ (3.04)
SHARES USED IN COMPUTING FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE 906,381 756,276