v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue from contract with customer $ 7,000 $ 5,000 $ 31,000 $ 35,000
Grant and other revenue 261,616 231,916 664,848 514,589
Total revenue 268,389 236,811 695,762 538,527
Cost of revenue 82 195 1,048 6,559
Gross profit 268,307 236,616 694,714 531,968
Operating expenses:        
Research and development 1,377,998 1,801,558 3,659,046 3,612,783
Selling, general and administrative 1,788,934 1,519,496 4,946,279 5,109,612
Total operating expenses 3,166,932 3,321,054 8,605,325 8,722,395
Loss from operations [1] (2,898,625) (3,084,438) (7,910,611) (8,190,427)
Other income (expense):        
Interest (expense) income, net (149) 11,858 12,822 23,336
Other, net (564) (1,524) (777) (5,880)
Total other (expense) income, net [2] (713) 10,334 12,045 17,456
Loss before income taxes (2,899,338) (3,074,104) (7,898,566) (8,172,971)
Provision for income taxes (707)
Loss from continuing operations (2,899,338) (3,074,104) (7,898,566) (8,173,678)
Loss from discontinued operations, net of tax effect (2,665)
Net loss (2,899,338) (3,074,104) (7,898,566) (8,176,343)
Loss (income) attributable to noncontrolling interest 2 (1) 16
Deemed dividend on Series C and Series D Preferred Stock beneficial conversion features (405,555) (483,333)
Net loss attributable to common stockholders $ (3,304,893) $ (3,074,102) $ (8,381,900) $ (8,176,327)
Loss per common share (basic and diluted):        
Continuing operations (in dollars per share) $ (0.13) $ (0.17) $ (0.37) $ (0.62)
Attributable to common stockholders (in dollars per share) $ (0.13) $ (0.17) $ (0.37) $ (0.62)
Weighted average shares outstanding (in shares) 25,843,732 18,044,406 22,946,201 13,082,393
Royalty [Member]        
Revenue:        
Revenue from contract with customer $ 2,047 $ 4,895 $ 26,188 $ 13,985
License [Member]        
Revenue:        
Revenue from contract with customer $ 4,726 $ 4,726 $ 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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