v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue from contract with customer $ 9,000 $ 16,000 $ 24,000 $ 30,000
Grant and other revenue 262,181 244,199 403,232 282,673
Total revenue 271,101 260,092 427,373 301,716
Cost of revenue 357 238 966 6,364
Gross profit 270,744 259,854 426,407 295,352
Operating expenses:        
Research and development 1,281,779 1,070,642 2,281,048 1,811,225
Selling, general and administrative 1,329,591 1,861,600 3,157,345 3,590,116
Total operating expenses 2,611,370 2,932,242 5,438,393 5,401,341
Loss from operations [1] (2,340,626) (2,672,388) (5,011,986) (5,105,989)
Other income (expense):        
Interest income, net 15,343 1,630 12,971 11,478
Other, net (336) (3,220) (212) (4,356)
Total other income (expense), net [2] 15,007 (1,590) 12,759 7,122
Loss before income taxes (2,325,619) (2,673,978) (4,999,227) (5,098,867)
Benefit from (provision for) income taxes 168 (708)
Loss from continuing operations (2,325,619) (2,673,810) (4,999,227) (5,099,575)
Income (loss) from discontinued operations, net of tax effect 632 (2,665)
Net loss (2,325,619) (2,673,178) (4,999,227) (5,102,240)
Less (loss) income attributable to noncontrolling interest (1) (3) 1 (15)
Deemed dividend on Series C Preferred Stock beneficial conversion feature (77,778) (77,778)
Net loss attributable to common stockholders $ (2,403,396) $ (2,673,175) $ (5,077,006) $ (5,102,225)
Loss per common share (basic and diluted):        
Continuing operations (in dollars per share) $ (0.11) $ (0.24) $ (0.24) $ (0.48)
Attributable to common stockholders (in dollars per share) $ (0.11) $ (0.24) $ (0.24) $ (0.48)
Weighted average shares outstanding (in shares) 22,759,393 11,096,834 21,481,514 10,560,265
Royalty [Member]        
Revenue from contract with customer $ 8,920 $ 5,940 $ 24,141 $ 9,090
License [Member]        
Revenue from contract with customer $ 9,953 $ 9,953
[1] Loss from operations does not reflect the allocation of certain selling, general and administrative expenses, excluding depreciation and amortization, to our individual reportable segments, other than those expenses directly incurred by MT.
[2] Amounts consist primarily of interest income and interest expense, which are not currently allocated to our individual reportable segments.

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