Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.19.3
Condensed Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,957,395 $ 7,812,259
Accrued interest receivable 1,469 54,456
Investments in marketable securities 6,988,780
Prepaid expenses 771,199 421,522
Total current assets 2,730,063 15,277,017
Other assets    
Right-of-use assets 119,978
Other assets 32,725 22,725
Total other assets 152,703 22,725
Property and equipment, net 17,199 20,160
Total Assets 2,899,965 15,319,902
Current liabilities    
Accounts payable 2,566,485 4,512,316
Accrued expenses 141,222 1,407,843
Lease liabilities 119,074
Other liabilities 13,359
Total current liabilities 2,826,781 5,933,518
Lease liabilities, non-current 10,274
Total Liabilities 2,837,055 5,933,518
Stockholders' equity    
Common stock, $0.001 par value; 225,000,000 shares authorized, 9,926,956 and 6,036,562 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 9,927 6,037
Additional paid-in capital 76,122,975 71,505,160
Accumulated other comprehensive loss (923)
Accumulated deficit (79,888,272) (70,200,145)
Total stockholders' equity 62,910 9,386,384
Total Liabilities and Stockholders' Equity 2,899,965 15,319,902
Series A Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, value 2,289,324 2,289,324
Series B Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, value 1,288,956 3,906,931
Series C Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, value $ 240,000 $ 1,880,000