Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 2,998,000 $ 837,000
Expenses:      
Research and development 48,566,000 38,698,000 16,989,000
General and administrative 20,705,000 20,106,000 10,943,000
Depreciation and amortization 7,819,000 2,360,000 741,000
Total expenses 77,090,000 61,164,000 28,673,000
Loss from operations (77,090,000) (58,166,000) (27,836,000)
Interest and miscellaneous income 1,208,000 1,506,000 525,000
Interest and other expense (400,000) (11,000) (8,000)
Net loss $ (76,282,000) $ (56,671,000) $ (27,319,000)
Basic and diluted loss per common share $ (1.51) $ (1.19) $ (0.66)
Weighted average number of common shares outstanding - basic and diluted 50,354,596 47,528,248 41,636,752
Foundation Revenues [Member]      
Revenues:      
Total revenues $ 2,796,000
License Revenues[Member]      
Revenues:      
Total revenues 602,000
Royalties [Member]      
Revenues:      
Total revenues $ 202,000 $ 235,000