Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
License revenues $ 151,000 $ 151,000
Royalties 84,000 107,000
Total revenues 235,000 258,000
Expenses    
Research and development 1,855,000 453,000
General and administrative 4,366,000 1,689,000
Depreciation and amortization 174,000 118,000
Total expenses 6,395,000 2,260,000
Loss from operations (6,160,000) (2,002,000)
Interest and miscellaneous income 618,000 3,000
Interest and other expense (2,000) (1,000)
Total non operating income (expense) 616,000 2,000
Net loss $ (5,544,000) $ (2,000,000)
Basic and diluted loss per common share (in dollars per share) $ (0.17) $ (0.10)
Weighted average number of common shares outstanding (in shares) 32,743,013 19,983,751