v3.19.3
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,505,960 $ 133,435
Restricted cash 202,681 0
Total cash 8,708,641 133,435
Prepaid expenses and other current assets 198,272 10,533
Total current assets 8,906,913 143,968
Deferred direct issuance costs - offering 0 276,560
Property and equipment, net of accumulated depreciation 907,309 1,014,240
Intangible assets, net of accumulated amortization 89,521 84,942
Other assets 23,283 23,283
Total assets 9,927,026 1,542,993
Current liabilities:    
Accounts payable 887,992 2,737,836
Accrued liabilities 1,838,474 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 7,493 7,106
Total current liabilities 2,733,959 21,084,622
Deferred rent 10,920 16,256
Total liabilities 2,744,879 21,100,878
Commitments and contingencies (Note 5)
Stockholders’ equity (deficit):    
Common stock 16,405 1,998
Additional paid-in capital 59,934,012 22,568,857
Accumulated deficit (52,768,270) (42,131,275)
Total stockholders’ equity (deficit) 7,182,147 (19,557,885)
Total liabilities and stockholders’ equity 9,927,026 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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