v3.19.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,187,168 $ 133,435
Restricted cash 200,000
Total cash 11,387,168 133,435
Prepaid expenses and other current assets 274,973 10,533
Total current assets 11,662,141 143,968
Deferred direct issuance costs - proposed offering 276,560
Property and equipment, net of accumulated depreciation 980,656 1,014,240
Intangible assets, net of accumulated amortization 89,409 84,942
Other assets 23,283 23,283
Total assets 12,755,489 1,542,993
Current liabilities:    
Accounts payable 365,572 2,737,836
Accrued liabilities 1,555,150 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 7,872 7,106
Total current liabilities 1,976,375 21,084,622
Deferred rent 12,928 16,256
Total liabilities 1,989,303 21,100,878
Commitments and contingencies (Note 5)
Stockholders’ equity (deficit)    
Common stock, $0.001 par value, 100,000,000 authorized, 15,693,715 shares issued and outstanding at June 30, 2019 and 1,998,056 shares issued and outstanding at December 31, 2018 15,694 1,998
Additional paid-in capital 59,223,865 22,568,857
Accumulated deficit (48,473,373) (42,131,275)
Total stockholders’ equity (deficit) 10,766,186 (19,557,885)
Total liabilities and stockholders’ equity 12,755,489 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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