v3.19.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue from contract with customer $ 16,000 $ 264,000 $ 30,000 $ 265,000
Grant and other revenue 244,199 277,753 282,673 553,403
Revenues, Total 260,092 542,127 301,716 818,572
Cost of revenue 238 35,392 6,364 35,710
Gross profit 259,854 506,735 295,352 782,862
Operating expenses:        
Research and development 1,070,642 1,142,718 1,811,225 2,141,674
Selling, general and administrative 1,861,600 1,789,399 3,590,116 3,565,771
Total operating expenses 2,932,242 2,932,117 5,401,341 5,707,445
Loss from operations [1] (2,672,388) (2,425,382) (5,105,989) (4,924,583)
Other (expense) income:        
Interest income (expense), net 1,630 (23,547) 11,478 7,840
Loss on extinguishment of debt (4,265,434)
Other, net (3,220) 2,828 (4,356) (1,886)
Total other (expense) income, net [2] (1,590) (20,719) 7,122 (4,259,480)
Loss before income taxes (2,673,978) (2,446,101) (5,098,867) (9,184,063)
Benefit from (provision for) income taxes 168 10,929 (708) 10,929
Loss from continuing operations (2,673,810) (2,435,172) (5,099,575) (9,173,134)
Gain (loss) from discontinued operations 632 (1,938) (2,665) (1,938)
Gain on sale 43,053 43,053
Net loss (2,673,178) (2,394,057) (5,102,240) (9,132,019)
Less loss attributable to noncontrolling interest (3) (16) (15) (25)
Net loss attributable to common stockholders $ (2,673,175) $ (2,394,041) $ (5,102,225) $ (9,131,994)
Loss per common share (basic and diluted):        
Continuing operations (in dollars per share) $ (0.24) $ (0.30) $ (0.48) $ (1.13)
Discontinued operations (in dollars per share) 0.01 0.01
Attributable to common stockholders (in dollars per share) $ (0.24) $ (0.29) $ (0.48) $ (1.12)
Weighted average shares outstanding (in shares) 11,096,834 8,135,849 10,560,265 8,124,711
Royalty [Member]        
Revenue from contract with customer $ 5,940 $ 6,665 $ 9,090 $ 7,460
License [Member]        
Revenue from contract with customer $ 9,953 $ 257,709 $ 9,953 $ 257,709
[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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