v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue from contract with customer $ 5,000 $ 22,000 $ 35,000 $ 303,000
Grant and other revenue 231,916 209,146 514,589 762,549
Revenues, Total 236,811 231,458 538,527 1,050,030
Cost of revenue 195 38,101 6,559 73,811
Gross profit 236,616 193,357 531,968 976,219
Operating expenses:        
Research and development 1,801,558 1,225,770 3,612,783 3,367,444
Selling, general and administrative 1,519,496 2,688,703 5,109,612 6,254,474
Total operating expenses 3,321,054 3,914,473 8,722,395 9,621,918
Loss from operations [1] (3,084,438) (3,721,116) (8,190,427) (8,645,699)
Other income (expense):        
Interest income (expense), net 11,858 (28,074) 23,336 (20,234)
Loss on extinguishment of debt (4,265,434)
Other, net (1,524) 3,540 (5,880) 1,654
Total other income (expense), net [2] 10,334 (24,534) 17,456 (4,284,014)
Loss before income taxes (3,074,104) (3,745,650) (8,172,971) (12,929,713)
Provision for income taxes (76,259) (707) (65,330)
Loss from continuing operations (3,074,104) (3,821,909) (8,173,678) (12,995,043)
Loss from discontinued operations (2,665) (1,938)
Gain on sale 43,053
Net loss (3,074,104) (3,821,909) (8,176,343) (12,953,928)
Less loss attributable to noncontrolling interest (2) (308) (16) (333)
Net loss attributable to common stockholders $ (3,074,102) $ (3,821,601) $ (8,176,327) $ (12,953,595)
Loss per common share (basic and diluted):        
Continuing operations (in dollars per share) $ (0.17) $ (0.46) $ (0.62) $ (1.59)
Discontinued operations (in dollars per share) 0.01
Attributable to common stockholders (in dollars per share) $ (0.17) $ (0.46) $ (0.62) $ (1.58)
Weighted average shares outstanding (in shares) 18,044,406 8,342,771 13,082,393 8,198,197
Royalty [Member]        
Revenue:        
Revenue from contract with customer $ 4,895 $ 2,382 $ 13,985 $ 9,842
License [Member]        
Revenue:        
Revenue from contract with customer $ 19,930 $ 9,953 $ 277,639
[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 losses on debt extinguishment, interest income and interest expense, which are not currently allocated to our individual reportable segments.

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