Source document: protagenic-therapeutics-inc_2019

Question: How did the company obtain the high and low bid prices for each quarter?
Facts: Reported by the OTCQB marketplace.
Answer: Reported by the OTCQB marketplace.

Question: What is the company's common stock traded as on the OTCQB?
Facts: PTIX
Answer: PTIX

Question: What was symbol of the company's common stock quoted on the OTC Pink quoted as prior to July 27, 2016?
Facts: ATRN
Answer: ATRN

Question: What is the difference between the highest and lowest bid price in 2018?
Facts: 1.25; 2.50
Derivation: 2.50 - 1.25 
Answer: 1.25

Question: What is the difference between the highest and lowest bid price in 2019?
Facts: 1.40; 3.80
Derivation: 3.80 - 1.40 
Answer: 2.4

Question: What is the low bid price in the second quarter of 2019 as a percentage of the high bid price in the same period?
Facts: 1.5; 2
Derivation: 1.5/2 
Answer: 75 percent

Question: What is the quoted consultation fees for the toxicology studies?
Facts: $988,000
Answer: $988,000

Question: What is the company's total accounts payables and accrued expenses as at December 31, 2019?
Facts: $865,047
Answer: $865,047

Question: What is the company's total accounts payables and accrued expenses as at December 31, 2018?
Facts: $231,688
Answer: $231,688

Question: How much did the company pay upon the signing of the toxicology studies agreement?
Facts: 50; 988,000
Derivation: 988,000 * 50% 
Answer: 494000

Question: What is the value of accounting related accounts payable as a percentage of the 2019 total accounts payable and accrued expenses?
Facts: 36,161; 865,047
Derivation: 36,161/865,047 
Answer: 4.18 percent

Question: What is the percentage change in the accounts payable and accrued expenses between 2018 and 2019?
Facts: 231,688; 865,047
Derivation: (865,047-231,688)/231,688 
Answer: 273.37 percent

Question: What is the company's domestic loss before income tax in 2019?
Facts: 1,698,689
Answer: 1,698,689

Question: What is the company's domestic loss before income tax in 2018?
Facts: 2,468,805
Answer: 2,468,805

Question: What is the company's foreign loss before income tax in 2019?
Facts: 52,222
Answer: 52,222

Question: What is the company's percentage change in foreign loss between 2018 and 2019?
Facts: 52,222; 88,726
Derivation: (52,222 - 88,726)/88,726 
Answer: -41.14 percent

Question: What is the change in the total loss before income taxes between 2018 and 2019?
Facts: 1,750,911; 2,557,531
Derivation: 1,750,911 - 2,557,531 
Answer: -806620

Question: What is the change in the domestic losses between 2018 and 2019?
Facts: 1,698,689; 2,468,805
Derivation: 1,698,689 - 2,468,805 
Answer: -770116

Question: How many of Garo H. Armen's options would expire on April 15, 2026? 
Facts: 500,000
Answer: 500,000

Question: How many of Garo H. Armen's options would expire on October 16, 2027?
Facts: 184,028
Answer: 184,028

Question: How many of Alexander K. Arrow's options would expire n April 15, 2026?
Facts: 140,000
Answer: 140,000

Question: How many options would expire on April 15, 2026?
Facts: 140,000; 500,000
Derivation: 500,000 + 140,000 
Answer: 640000

Question: How many options would expire on October 16, 2027?
Facts: 184,028; 55,208
Derivation: 184,028 + 55,208 
Answer: 239236

Question: How many unexercised options does Garo H. Armen have as at December 31, 2019?
Facts: 184,028; 500,000
Derivation: 500,000 + 184,028 
Answer: 684028

Question: What is the number of nonvested options at December 31, 2017?
Facts: 1,492,861
Answer: 1,492,861

Question: What is the number of nonvested options at December 31, 2018?
Facts: 800,210
Answer: 800,210

Question: What is the number of nonvested options at December 31, 2019?
Facts: 204,382
Answer: 204,382

Question: What is the percentage of nonvested options at December 31, 2019 as a percentage of the total shares issued?
Facts: 204,382; 3,835,366
Derivation: 204,382/3,835,366 
Answer: 5.33 percent

Question: What is the difference in the weighted average exercise price of the outstanding and nonvested options as at December 31, 2019?
Facts: 1.34; 1.74
Derivation: 1.74 - 1.34 
Answer: 0.4

Question: What is the percentage of options granted during the year ended December 2018 as a percentage of the number of nonvested options remaining as at 31 December 2018?
Facts: 280,000; 800,210
Derivation: 280,000/800,210 
Answer: 34.99 percent

Question: What does a Level 1 input refer to?
Facts: Unadjusted quoted prices in active markets for identical assets or liabilities that is accessible by the Company
Answer: Unadjusted quoted prices in active markets for identical assets or liabilities that is accessible by the Company

Question: What does a Level 2 input refer to?
Facts: Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly
Answer: Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly

Question: What does a Level 3 input refer to?
Facts: Unobservable inputs for the asset or liability including significant assumptions of the Company and other market participants
Answer: Unobservable inputs for the asset or liability including significant assumptions of the Company and other market participants

Question: What is the difference in Level 1 and Level 2 marketable securities?
Facts: 0
Derivation: 0 -0 
Answer: 0

Question: What is the total Level 3 marketable securities and derivative warrants liabilities? 
Facts: 0; 332,222
Derivation: 332,222 + 0 
Answer: 332222

Question: What percentage of the total financial instruments are marketable securities?
Facts: 0; 332,222
Derivation: 0/332,222 
Answer: 0 percent

Question: What is the weighted average remaining life of the outstanding warrants as at December 31, 2017?
Facts: 4.69
Answer: 4.69

Question: What is the weighted average remaining life of the outstanding warrants as at December 31, 2018?
Facts: 3.69
Answer: 3.69

Question: What is the weighted average remaining life of the outstanding warrants as at December 31, 2019?
Facts: 2.69
Answer: 2.69

Question: What is the percentage change in the number of outstanding shares at December 31, 2018 and December 31, 2019?
Facts: 3,826,658
Derivation: (3,826,658 - 3,826,658)/3,826,658 
Answer: 0 percent

Question: What is the difference in the number of outstanding shares as at December 31, 2017 and 2018?
Facts: 3,826,658
Derivation: 3,826,658 - 3,826,658 
Answer: 0

Question: Using the intrinsic value of the company's shares issuable under warrants, what is the value of each share?
Facts: 3,633,335; 3,826,658
Derivation: 3,633,335/3,826,658 
Answer: 0.95

Question: What is the company's Canadian net operating loss carryforward as of December 31, 2019?
Facts: $1,111,000
Answer: $1,111,000

Question: What is the company's Canadian net operating loss carryforward as of December 31, 2018?
Facts: $1,070,000
Answer: $1,070,000

Question: When would the Canadian loss start to expire?
Facts: 2026
Answer: 2026

Question: What is the percentage change in the Canadian NOL between December 31, 2018 and 2019?
Facts: 1,070,000; 1,111,000
Derivation: (1,111,000 - 1,070,000)/1,070,000 
Answer: 3.83 percent

Question: What is the difference in valuation allowance between 2018 and 2019?
Facts: 3,042,000; 3,703,000
Derivation: 3,703,000 - 3,042,000 
Answer: 661000

Question: What is the change in stock compensation between 2018 and 2019?
Facts: 359,000; 784,000
Derivation: 784,000 - 359,000 
Answer: 425000

Question: What is the amount and percent of beneficial ownership owned by Garo H. Armen? 
Facts: 36%; 4,741,323
Answer: 4,741,323; 36%

Question: What is the amount and percent of beneficial ownership owned by Robert B. Stein?
Facts: 4%; 502,500
Answer: 502,500; 4%

Question: What is the amount and percent of beneficial ownership owned by Khalil Barrage?
Facts: 3%; 380,000
Answer: 380,000; 3%

Question: Who owns the largest percent of beneficial ownership?
Facts: Garo H. Armen
Derivation: Obtained from the table
Answer: Garo H. Armen

Question: Who owns the smallest percent of beneficial ownership?
Facts: Josh Silverman
Derivation: Obtained from the table
Answer: Josh Silverman

Question: What is the proportion of Josh Silverman's beneficial ownership as a percentage of Larry N. Feinberg's beneficial ownership?
Facts: 140,000; 800,000
Derivation: 140,000/800,000 
Answer: 17.5 percent

Question: What are the tax fees for the fiscal year ended December 2018?
Facts: There were no tax fees
Answer: There were no tax fees

Question: What are the tax fees for the fiscal year ended December 2019?
Facts: There were no tax fees
Answer: There were no tax fees

Question: What does audit-related fees refer to?
Facts: Assurance and other activities not explicitly related to the audit of our financial statements
Answer: Assurance and other activities not explicitly related to the audit of our financial statements

Question: What is the percentage change in audit fees between 2018 and 2019?
Facts: 54,550; 55,000
Derivation: (55,000 - 54,550)/54,550 
Answer: 0.82 percent

Question: What is the change in audit fees between 2018 and 2019?
Facts: 54,550; 55,000
Derivation: 55,000 - 54,550 
Answer: 450

Question: Which year has the higher audit fees?
Facts: 2019
Derivation: Obtained from the table
Answer: 2019

Question: Who is the Executive chairman of the Board of Directors?
Facts: Garo H. Armen
Answer: Garo H. Armen

Question: Who is the Chief Financial Officer of the company?
Facts: Alexander K. Arrow
Answer: Alexander K. Arrow

Question: When did the Executive Chairman join the company?
Facts: September 2004
Answer: September 2004

Question: How many directors are there in the company?
Facts: Brian J. Corvese; Josh Silverman; Khalil Barrage; Robert B. Stein
Derivation: Robert B. Stein ## Khalil Barrage ## Brian J. Corvese ## Josh Silverman
Answer: 4

Question: What is the average age of the directors in the company?
Facts: 49; 55; 62; 69
Derivation: (69 + 55 + 62 + 49)/4 
Answer: 58.75

Question: Who is the oldest director within the company's Board of Directors?
Facts: Robert B. Stein
Derivation: Obtained from the table
Answer: Robert B. Stein