Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
License revenues $ 151,000 $ 152,000 $ 452,000 $ 448,000
Royalties 134,000 84,000 373,000 243,000
Total revenues 285,000 236,000 825,000 691,000
Expenses        
Research and development 1,581,000 73,000 2,644,000 298,000
General and administrative 4,717,000 795,000 10,073,000 3,055,000
Depreciation and amortization 151,000 1,000 401,000 2,000
Total expenses 6,449,000 869,000 13,118,000 3,355,000
Loss from operations (6,164,000) (633,000) (12,293,000) (2,664,000)
Interest and miscellaneous income 92,000 11,000 111,000 45,000
Interest and other expense (1,000) (147,000) (4,000) (406,000)
Loss on change in fair value of derivative - preferred stock 0 (700,000) 0 (11,810,000)
Total non operating income (expense) 91,000 (836,000) 107,000 (12,171,000)
Net loss (6,073,000) (1,469,000) (12,186,000) (14,835,000)
Less preferred stock dividends 0 740,000 0 2,191,000
Net loss allocable to common stockholders $ (6,073,000) $ (2,209,000) $ (12,186,000) $ (17,026,000)
Basic and diluted loss per common share (in dollars per share) $ (0.19) $ (4.15) $ (0.47) $ (32.46)
Weighted average number of common shares outstanding (in shares) 31,787,777 532,258 25,865,739 524,595