v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue from contract with customer $ 38,000 $ 338,000
Grant and other revenue 631,208 846,830
Revenues, Total 657,826 1,169,351
Cost of revenue 6,667 96,636
Gross profit 651,159 1,072,715
Operating expenses:    
Research and development 5,338,267 4,221,881
Selling, general and administrative 6,275,409 7,698,135
Total operating expenses 11,613,676 11,920,016
Loss from operations [1] (10,962,517) (10,847,301)
Other income (expense):    
Interest income (expense), net 25,288 (30,799)
Loss on extinguishment of debt (5,291,616)
Other (expense) income, net (7,613) 1,145
Total other income (expense), net [2] 17,675 (5,321,270)
Loss before income taxes (10,944,842) (16,168,571)
(Provision for) benefit from income taxes (707) 9,753
Loss from continuing operations (10,945,549) (16,158,818)
Discontinued operations, net of tax effect:    
(Loss) income from discontinued operations (2,665) 1,449
Gain on sale of discontinued operations, net of tax effect 43,053
Net loss (10,948,214) (16,114,316)
Less loss attributable to noncontrolling interest (17) (379)
Net loss attributable to common stockholders $ (10,948,197) $ (16,113,937)
Loss per common share (basic and diluted):    
Continuing operations (in dollars per share) $ (0.76) $ (1.90)
Discontinued operations (in dollars per share) 0.01
Attributable to common stockholders (in dollars per share) $ (0.76) $ (1.89)
Weighted average shares outstanding (basic and diluted) (in shares) 14,393,360 8,526,767
Royalty [Member]    
Revenue from contract with customer $ 16,665 $ 15,347
License [Member]    
Revenue from contract with customer $ 9,953 $ 307,174
[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.
[2] Amounts consist primarily of losses on debt extinguishment, interest income and interest expense, which are not currently allocated to our individual reportable segments.

Source