Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v3.19.1
Quarterly Financial Information
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

16. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes the unaudited statements of operations for each quarter of 2018 and 2017 (in thousands, except per share amounts):

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

1,201

 

 

 

1,045

 

 

 

1,541

 

 

 

2,081

 

General and administrative

 

 

1,813

 

 

 

1,751

 

 

 

1,753

 

 

 

1,628

 

Total operating expenses

 

 

3,014

 

 

 

2,796

 

 

 

3,294

 

 

 

3,709

 

Other income (expense)

 

 

(8

)

 

 

8

 

 

 

54

 

 

 

72

 

Net loss

 

 

(3,022

)

 

 

(2,788

)

 

 

(3,240

)

 

 

(3,637

)

Basic and diluted net loss per share

 

$

(2.43

)

 

$

(1.82

)

 

$

(0.71

)

 

$

(0.55

)

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

61

 

 

 

62

 

 

 

825

 

 

 

2,153

 

General and administrative

 

 

260

 

 

 

96

 

 

 

1,546

 

 

 

1,629

 

Total operating expenses

 

 

321

 

 

 

158

 

 

 

2,371

 

 

 

3,782

 

Other income

 

 

(8

)

 

 

(11

)

 

 

(7,025

)

 

 

42

 

Recovery of deferred income taxes

 

 

124

 

 

 

 

 

 

2,927

 

 

 

 

Net loss

 

 

(205

)

 

 

(169

)

 

 

(6,469

)

 

 

(3,740

)

Basic and diluted net loss per share

 

$

(96.56

)

 

$

(79.60

)

 

$

(8.95

)

 

$

(3.17

)