Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2019
Mar. 31, 2018
Operating expenses:                    
Research and development $ 3,758,000 $ 5,335,000 $ 5,261,000 $ 2,744,000 $ 2,638,000 $ 1,602,000 $ 2,427,000 $ 1,096,000 $ 17,098,500 $ 7,762,500
General and administrative 1,964,000 1,857,000 2,171,000 1,466,000 1,440,000 1,266,000 2,567,000 1,164,000 7,457,800 6,437,100
Total operating expenses 5,722,000 7,192,000 7,432,000 4,210,000 4,078,000 2,868,000 4,994,000 2,260,000 24,556,300 14,199,600
Loss from operations (5,722,000) (7,192,000) (7,432,000) (4,210,000) (4,078,000) (2,868,000) (4,994,000) (2,260,000) (24,556,300) (14,199,600)
Other expenses, net:                    
Interest expense, net (1,000) (2,000) (3,000) (2,000) (1,000) (2,000) (3,000) (3,000) (8,000) (8,900)
Loss on extinguishment of accounts payable 0 (23,000) 0 0 0 (135,000) 0 0 (22,700) (135,000)
Loss before income taxes (5,723,000) (7,217,000) (7,435,000) (4,212,000) (4,079,000) (3,005,000) (4,997,000) (2,263,000) (24,587,000) (14,343,500)
Income taxes 0 0 0 (2,000) 0 0 0 (2,000) (2,600) (2,400)
Net loss and comprehensive loss (5,723,000) (7,217,000) (7,435,000) (4,214,000) (4,079,000) (3,005,000) (4,997,000) (2,265,000) (24,589,600) (14,345,900)
Accrued dividends on Series B Preferred stock (291,000) (291,000) (284,000) (274,000) (263,000) (263,000) (257,000) (247,000) (1,139,900) (1,030,400)
Deemed dividend from trigger of down round provision feature         0 (199,000) 0 0 0 199,200
Net loss attributable to common stockholders $ (6,014,000) $ (7,508,000) $ (7,719,000) $ (4,488,000) $ (4,342,000) $ (3,467,000) $ (5,254,000) $ (2,512,000) $ (25,729,500) $ (15,575,500)
Basic and diluted net loss attributable to common stockholders per common share $ (0.17) $ (0.24) $ (0.30) $ (0.20) $ (0.19) $ (0.25) $ (0.53) $ (0.28) $ (0.90) $ (1.12)
Weighted average shares used in computing basic and diluted net loss attributable to common stockholders per common share 35,113,753 30,696,312 25,815,245 22,987,066 22,880,968 13,895,642 9,892,016 9,034,213 28,562,490 13,890,041