Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2015
Operating expenses    
Operations and development costs $ 231,043 $ 2,280,604
Business development and management costs 1,175,613 3,170,659
Total operating expenses 1,406,656 5,451,263
Loss from operations (1,406,656) (5,451,263)
Other expenses (income)    
Increase in fair value of derivative liabilities 1,172,627 5,776,254
Interest expense 216,919 1,128,244
Interest income (1,039) (19,224)
Other income (370) (6,500)
Total other expenses, net 1,388,137 6,878,774
Loss before income tax expense (2,794,793) (12,330,037)
Income tax expense (benefit) (421,042) 1,600
Net loss $ (2,373,751) $ (12,331,637)
Weighted average shares outstanding, basic and diluted (in shares) 4,363,641 8,404,311
Basic and diluted net loss per share (in dollars per share) $ (0.54) $ (1.47)