Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating expenses        
Research and development $ 43,374   $ 80,574  
General and administrative 1,313,170 $ 142,920 2,185,795 $ 173,021
Total operating expenses 1,356,544 142,920 2,266,369 173,021
Operating loss (1,356,544) $ (142,920) (2,266,369) (173,021)
Other expense        
Change in fair value of the conversion rights of Series A preferred stock 700,000   700,000  
Net loss before income taxes (2,056,544) $ (142,920) (2,966,369) $ (173,021)
Provision for income taxes 416   816  
Net loss $ (2,056,960) $ (142,920) $ (2,967,185) $ (173,021)
Basic and diluted loss per common share (in dollars per share) $ (0.13) $ (0.02) $ (0.18) $ (0.02)
Shares used in computing basic and diluted loss per share (in shares) 16,265,663 8,126,044 16,248,597 7,948,022