| QUARTERLY FINANCIAL INFORMATION |
| |
|
Quarter Ended July
31 |
|
Quarter Ended Oct
31 |
|
Quarter Ended Jan
31 |
|
Quarter Ended April
30 |
| 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
| Cost of revenue |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Gross profit |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Operating expenses |
|
|
1,514,311 |
|
|
|
1,635,818 |
|
|
|
1,792,151 |
|
|
|
1,130,853 |
|
| Other income (expenses), net |
|
|
(727 |
) |
|
|
236 |
|
|
|
1,054 |
|
|
|
8,786 |
|
| Net loss |
|
$ |
(1,515,038 |
) |
|
$ |
(1,635,582 |
) |
|
$ |
(1,791,097 |
) |
|
$ |
(1,122,067 |
) |
| Net loss per common share, Basic and Diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.00 |
) |
| |
|
Quarter Ended July
31 |
|
Quarter Ended Oct
31 |
|
Quarter Ended Jan
31 |
|
Quarter Ended April
30 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
|
$ |
– |
|
| Cost of revenue |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Gross profit |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Operating expenses |
|
|
1,583,160 |
|
|
|
6,200,845 |
|
|
|
1,456,554 |
|
|
|
4,020,176 |
|
| Other income (expenses), net |
|
|
(1,664 |
) |
|
|
3,336,402 |
|
|
|
(1,496 |
) |
|
|
(213 |
) |
| Net loss |
|
$ |
(1,584,824 |
) |
|
$ |
(2,864,443 |
) |
|
$ |
(1,458,050 |
) |
|
$ |
(4,020,389 |
) |
| Net loss per common share, Basic and Diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.00 |
) |
|
$ |
(0.01 |
) |
Quarterly and
year-to-date loss per share amounts are computed independently of each other. Therefore, the sum of the per share amounts for
the quarters may not agree to the per share amounts for the year.
|