Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Service $ 16,204 $ 16,204
Royalty 892 892
Total Revenues 17,096 17,096
Operating Expenses        
Research and development 2,642,610 2,737,856 7,596,097 7,847,531
General and administrative 1,354,992 1,450,383 4,020,893 4,949,716
Sales and marketing 195,641 259,302 718,047 845,253
Total Operating Expenses 4,193,243 4,447,541 12,335,037 13,642,500
Operating Loss (4,176,147) (4,447,541) (12,317,941) (13,642,500)
Other Income (Expenses)        
Interest income 27,633 68,656
Interest expense (32,291) (29,108) (95,507) (78,646)
Other expenses (196,957)
Total Other Expenses (4,658) (29,108) (223,808) (78,646)
Provision for Income Taxes
Net Loss (4,180,805) (4,476,649) (12,541,749) (13,721,146)
Other Comprehensive Income (Loss)        
Foreign currency translation adjustments 401,309 46,350 427,168 193,454
Net Comprehensive Loss $ (3,779,496) $ (4,430,299) $ (12,114,581) $ (13,527,692)
Net Loss per Share - Basic and Diluted $ (0.10) $ (0.14) $ (0.33) $ (0.46)
Weighted Average Shares Outstanding - Basic and Diluted 39,880,246 32,826,924 38,538,394 30,071,635