v3.19.3.a.u2
Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,876,425 $ 133,435
Restricted cash 200,000 0
Total cash, cash equivalents and restricted cash 12,076,425 133,435
Prepaid expenses and other current assets 96,310 10,533
Total current assets 12,172,735 143,968
Deferred direct issuance costs - offering 0 276,560
Property and equipment, net of accumulated depreciation 847,399 1,014,240
Intangible assets, net of accumulated amortization 97,556 84,942
Other assets 23,283 23,283
Total assets 13,140,973 1,542,993
Current liabilities:    
Accounts payable 1,338,262 2,737,836
Accrued liabilities 1,513,274 1,863,874
Dividends payable 0 4,613,260
Accrued interest 0 133,804
Accrued interest - related party 0 1,162,719
Convertible notes payable, net 0 1,784,976
Convertible notes payable - related party 0 8,422,000
Notes payable, net 0 293,568
Notes payable – related party, net 0 65,479
Deferred rent - current portion 11,745 7,106
Total current liabilities 2,863,281 21,084,622
Deferred rent 4,282 16,256
Total liabilities 2,867,563 21,100,878
Commitments and contingencies (see Note 6)
Stockholders’ equity (deficit):    
Common stock, $0.001 par value, 100,000,000 authorized, 16,932,184 shares issued and outstanding at December 31, 2019 and 1,998,056 shares issued and outstanding at December 31, 2018 16,932 1,998
Additional paid-in capital 66,299,849 22,568,857
Accumulated deficit (56,043,371) (42,131,275)
Total stockholders’ equity (deficit) 10,273,410 (19,557,885)
Total liabilities and stockholders’ equity (deficit) 13,140,973 1,542,993
Series A Preferred Stock    
Stockholders’ equity (deficit):    
Preferred stock 0 417
Series B Preferred Stock    
Stockholders’ equity (deficit):    
Preferred stock $ 0 $ 2,118

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