| 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 |
) |
|