Monday, April 03, 2017 3:08:51 PM
We have incurred significant losses in prior periods. For the year ended December 31, 2016, we incurred a net loss of $26,918,890 and, as of that date, we had an accumulated deficit of $72,870,999. For the year ended December 31, 2015, we incurred a net loss of $9,225,580 and, as of that date, we had an accumulated deficit of $45,952,109. Any losses in the future could cause the quoted price of our Common Stock to decline or have a material adverse effect on our financial condition, our ability to pay our debts as they become due, and on our cash flow.
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