v3.19.1
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,860,690 $ 133,435
Restricted cash 200,000
Total cash 5,060,690 133,435
Prepaid expenses and other current assets 230,882 10,533
Total current assets 5,291,572 143,968
Deferred direct issuance costs - proposed offering 276,560
Property and equipment, net of accumulated depreciation 987,967 1,014,240
Intangible assets, net of accumulated amortization 86,080 84,942
Other assets 23,283 23,283
Total assets 6,388,902 1,542,993
Current liabilities:    
Accounts payable 546,067 2,737,836
Accrued liabilities 1,360,958 1,863,874
Dividends payable 4,613,260
Accrued interest 133,804
Accrued interest - related party 1,162,719
Convertible notes payable, net 47,781 1,784,976
Convertible notes payable - related party 8,422,000
Notes payable, net 293,568
Notes payable - related party, net 65,479
Deferred rent - current portion 7,106 7,106
Total current liabilities 1,961,912 21,084,622
Deferred rent 15,250 16,256
Total liabilities 1,977,162 21,100,878
Commitments and contingencies (Note 5)
Stockholders’ equity (deficit)    
Common stock, $0.001 par value, 100,000,000 authorized, 14,613,000 shares issued and outstanding at March 31, 2019 and 1,998,056 shares issued and outstanding at December 31, 2018 14,613 1,998
Additional paid-in capital 49,896,966 22,568,857
Accumulated deficit (45,499,839) (42,131,275)
Total stockholders’ equity (deficit) 4,411,740 (19,557,885)
Total liabilities and stockholders’ equity (deficit) 6,388,902 1,542,993
Series A Preferred Stock [Member]    
Stockholders’ equity (deficit)    
Preferred stock 417
Series B Preferred Stock [Member]    
Stockholders’ equity (deficit)    
Preferred stock $ 2,118

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