Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.19.3.a.u2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Service $ 16,204
Royalty 892
Total Revenues 17,096
Operating Expenses    
Research and development 10,363,253 10,906,871
General and administrative 4,731,054 5,821,072
Sales and marketing 965,713 1,169,756
Total Operating Expenses 16,060,020 17,897,699
Operating Loss (16,042,924) (17,897,699)
Other Income (Expenses)    
Grant income 155,031
Interest income 112,367
Interest expense (126,572) (110,924)
Other expenses (196,957)
Total Other Income (Expenses) (56,131) (110,924)
Net Loss (16,099,055) (18,008,623)
Other Comprehensive Income (Loss)    
Foreign currency translation adjustments (97,981) 352,994
Net Comprehensive Loss $ (16,197,036) $ (17,655,629)
Net Loss per Share - Basic and Diluted $ (0.41) $ (0.57)
Weighted Average Shares Outstanding Basic and Diluted 39,180,369 31,389,220