General: Net losses and Losses from Operations. The net loss for the three-month period ended December 31, 2019 of $2,780,856 increased by $2,455,684 as compared to December 31,2018 primarily as a result of a decrease in the gains on revaluations of derivatives offset by an increase in losses on issuances with derivative liabilities and a decrease in operating expense.
The loss from operations for the three-month period ended December 31, 2019 of $2,303,064 decreased by $649,069 as compared to December 31, 2018 as a result of a decrease in product development cost, services expense, general and administrative expense, and officers and directors’ fees.
The net loss for the nine-month period ended December 31, 2019 of $7,793,542 decreased by $3,153,199 as compared to December 31, 2018 primarily as a result of an increase in losses on issuances with derivative liabilities and a change from losses to gains on revaluations of derivatives and a decrease in operating expense.
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