Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited)

v3.20.1
Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

15. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes the unaudited statements of operations for each quarter of 2019 and 2018 (in thousands, except per share amounts):

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

4,055

 

 

 

2,032

 

 

 

1,824

 

 

 

1,763

 

General and administrative

 

 

1,885

 

 

 

1,630

 

 

 

1,893

 

 

 

1,446

 

Total operating expenses

 

 

5,940

 

 

 

3,662

 

 

 

3,717

 

 

 

3,209

 

Other income

 

 

36

 

 

 

38

 

 

 

44

 

 

 

15

 

Net loss

 

 

(5,904

)

 

 

(3,624

)

 

 

(3,673

)

 

 

(3,194

)

Basic and diluted net loss per share

 

$

(0.88

)

 

$

(0.50

)

 

$

(0.45

)

 

$

(0.30

)

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

)