Annual report pursuant to Section 13 and 15(d)

SUMMARY QUARTERLY DATA (unaudited)

v3.3.1.900
SUMMARY QUARTERLY DATA (unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
NOTE 13 – SUMMARY QUARTERLY DATA (unaudited) 
 
Unaudited quarterly financial data for fiscal 2015 and 2014 is summarized as follows:
 
 
2015 Quarter Ended
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
(in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Loss
 
$
(9,696)
 
$
(11,784)
 
$
(13,280)
 
$
(13,402)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET LOSS
 
$
(9,681)
 
$
(11,763)
 
$
(13,250)
 
$
(13,360)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per common share, basic and diluted
 
$
(0.71)
 
$
(0.73)
 
$
(0.72)
 
$
(0.71)
 
 
 
 
2014 Quarter Ended
 
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
 
(in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Loss
 
$
(5,169)
 
$
(6,049)
 
$
(7,434)
 
$
(9,004)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET LOSS
 
$
(5,164)
 
$
(6,044)
 
$
(7,419)
 
$
(8,989)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per common share, basic and diluted
 
$
(0.59)
 
$
(0.61)
 
$
(0.71)
 
$
(0.83)
 
 
Because loss per share amounts are calculated using the weighted average number of common shares outstanding during each quarter, the sum of the per share amounts for the four quarters does not equal the total loss per share amount for the year.