v2.4.0.6
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STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended |
9 Months Ended |
|
|
|
|
|
| Operating expenses |
|
|
|
|
| Research and development |
$ 1,764,352 |
$ 1,172,273 |
$ 4,939,748 |
$ 3,592,998 |
| General and administrative |
75,451 |
37,220 |
185,623 |
195,996 |
| Depreciation |
177 |
180 |
531 |
552 |
| Total operating expenses |
1,839,980 |
1,209,673 |
5,125,902 |
3,789,546 |
| Net loss before provision for income tax |
(1,839,980) |
(1,209,673) |
(5,125,902) |
(3,789,546) |
| Provision for income tax |
0 |
|
0 |
|
| NET LOSS |
$ (1,839,980) |
$ (1,209,673) |
$ (5,125,902) |
$ (3,789,546) |
| Loss per share information: |
|
|
|
|
| Basic and diluted loss per common share (in dollars per share) |
$ (0.01) |
$ (0.01) |
$ (0.04) |
$ (0.03) |
| Weighted average number of common shares outstanding, basic (in shares) |
131,448,444 |
131,448,444 |
131,448,444 |
131,448,444 |
| Weighted average number of common shares outstanding, diluted (in shares) |
131,448,444 |
131,448,444 |
131,448,444 |
131,448,444 |
| X |
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.
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Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).
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The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
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