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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 39,241 $ (145,231)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 1,866 1,860
Foreign currency transaction (gains) losses (29,964) 83,170
Changes in operating assets and liabilities:    
Research supplies 3,191 0
Grant funds receivable (27,484) 40,129
Development Agreement receivables 5,905 33,901
Prepaid expenses and other current assets 19,981 (16,862)
Accounts payable and accrued liabilities (54,800) 7,569
Deferred revenues (81,385) (108,891)
Other liabilities 4,110 19,360
NET CASH USED IN OPERATING ACTIVITIES (119,339) (84,995)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of property and equipment 0 (1,895)
NET CASH USED IN INVESTING ACTIVITIES 0 (1,895)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 40,000 0
Cash received for issuance of preferred stock 60,090 40,723
Proceeds from related party loan 61,434 0
Repayment of related party loan (58,172) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 103,352 40,723
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (8,796) 18,414
NET DECREASE IN CASH AND CASH EQUIVALENTS (24,783) (27,753)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 113,915 141,668
CASH AND CASH EQUIVALENTS - END OF YEAR $ 89,132 $ 113,915