Net Income (Loss) - Rexahn's net income was $0.2 million, or $0.00 per share, for the three months ended June 30, 2014, compared to a net loss of $14.6 million, or $0.09 per share, for the three months ended March 31, 2014. Included in net income (loss) for the three months ended June 30 and March 31, 2014 is an unrealized gain (loss) on the fair value of warrants of $3.7 million and ($11.7 million), respectively. The fair value adjustments are primarily a result of the changes in the stock price between reporting periods. Rexahn’s loss from operations was $3.5 million and $2.8 million for the three months ended June 30 and March 31, 2014, respectively.