Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.10.0.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 16,254,455 $ 22,631,971
Prepaid expenses 538,537 167,400
Total current assets 16,792,992 22,799,371
Other assets 10,326 10,326
Property and equipment, net 23,087 23,873
Total Assets 16,826,405 22,833,570
Current liabilities    
Accounts payable 1,361,268 2,237,579
Accrued expenses 534,222 454,252
Other liabilities 14,850 15,757
Total current liabilities 1,910,340 2,707,588
Stockholders' equity    
Preferred stock, $0.001 par value; 15,000,000 shares authorized, 7,560 and 9,140 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 4,241,983 5,128,536
Common stock, $0.001 par value; 225,000,000 shares authorized, 5,334,639 and 4,940,652 shares issued and outstanding as of as of June 30, 2018 and December 31, 2017, respectively 5,335 4,941
Additional paid-in capital 69,597,523 68,323,939
Accumulated deficit (58,928,776) (53,331,434)
Total stockholders' equity 14,916,065 20,125,982
Total Liabilities and Stockholders' Equity $ 16,826,405 $ 22,833,570