Registration of securities issued in business combination transactions

Balance Sheets

v3.20.1
Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,699,971 $ 7,812,259
Accrued interest receivable 771 54,456
Investment in marketable securities 6,988,780
Prepaid expenses and other current assets 509,519 421,522
Total current assets 2,210,261 15,277,017
Other assets    
Right-of-use assets 93,032
Other assets 478,075 22,725
Total other assets 571,107 22,725
Property and equipment, net 15,656 20,160
Total Assets 2,797,024 15,319,902
Current liabilities    
Accounts payable 1,417,317 4,512,316
Accrued expenses 179,258 1,407,843
Lease liabilities 100,471
Other liabilities 13,359
Total current liabilities 1,697,046 5,933,518
Stockholders' equity    
Common stock, $0.001 par value; 225,000,000 shares authorized; 19,108,331 and 6,036,562 shares issued and outstanding as of December 31, 2019 and 2018, respectively 19,108 6,037
Additional paid-in capital 79,885,078 71,505,160
Accumulated other comprehensive loss (923)
Accumulated deficit (80,333,164) (70,200,145)
Total stockholders' equity 1,099,978 9,386,384
Total Liabilities and Stockholders' Equity 2,797,024 15,319,902
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, value 2,289,324
Total stockholders' equity 2,289,324
Series B Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, value 1,288,956 3,906,931
Total stockholders' equity 1,288,956 3,906,931
Series C Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, value 240,000 1,880,000
Total stockholders' equity $ 240,000 $ 1,880,000