Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Changes in Stockholders' Equity (Deficit) (Unaudited)

v3.20.1
Condensed Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)
Total
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Balance (in shares) at Dec. 31, 2018   416,666 2,118,100 1,998,056    
Balance at Dec. 31, 2018 $ (19,557,885) $ 417 $ 2,118 $ 1,998 $ 22,568,857 $ (42,131,275)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation 512,045       512,045  
Debt discount on convertible notes and notes payable – issuance of warrants 145,974       145,974  
Payment of deferred direct issuance costs (186,029)       (186,029)  
Issuance of common shares for extinguishment of preferred shares (in shares)   (416,666) (2,118,100)      
Issuance of common shares for extinguishment of preferred shares   $ (417) $ (2,118)      
Issuance of common shares for extinguishment of preferred shares (in shares)       2,534,766    
Issuance of common shares for extinguishment of preferred shares       $ 2,535    
Issuance of common shares for extinguishment of preferred shares 0          
Issuance of common shares for extinguishment of convertible debt (in shares)       6,825,391    
Issuance of common shares for extinguishment of convertible debt 11,784,987     $ 6,825 11,778,162  
Issuance of common shares for extinguishment of dividends payable (in shares)       954,696    
Issuance of common shares for extinguishment of dividends payable 4,773,480     $ 955 4,772,525  
Issuance of common shares from IPO, net of costs (in shares)       2,172,591    
Issuance of common shares from IPO, net of costs 9,873,667     $ 2,173 9,871,494  
Issuance of common shares for accelerated vesting (in shares)       127,500    
Issuance of common shares for accelerated vesting 0     $ 127 (127)  
Accrued preferred dividends (160,219)         (160,219)
Net loss (3,208,345)         (3,208,345)
Debt forgiveness 434,065       434,065  
Balance (in shares) at Mar. 31, 2019   0 0 14,613,000    
Balance at Mar. 31, 2019 4,411,740 $ 0 $ 0 $ 14,613 49,896,966 (45,499,839)
Balance (in shares) at Dec. 31, 2019       16,932,184    
Balance at Dec. 31, 2019 10,273,410     $ 16,932 66,299,849 (56,043,371)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation 711,486       711,486  
Issuance of common shares from IPO, net of costs (in shares)       11,394    
Issuance of common shares from IPO, net of costs 0     $ 11 (11)  
Accrued preferred dividends 0          
Net loss (3,270,503)         (3,270,503)
Debt forgiveness 0          
Balance (in shares) at Mar. 31, 2020       16,943,578    
Balance at Mar. 31, 2020 $ 7,714,393     $ 16,943 $ 67,011,324 $ (59,313,874)