XML 28 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES $ 0 $ 22,533 $ 0 $ 213,613
EXPENSES        
General and administrative 44,520 32,715 153,532 109,610
Research and development, net of grants 3,000 16,551 10,298 0
TOTAL OPERATING EXPENSES 47,520 49,266 163,830 109,610
INCOME (LOSS) FROM OPERATIONS (47,520) (26,733) (163,830) 104,003
INTEREST AND OTHER INCOME (EXPENSE), NET 26,044 10,781 40,515 30,423
NET INCOME (LOSS) (21,476) (15,952) (123,315) 134,426
LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 0 (3,106) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS (21,476) (15,952) (120,209) 134,426
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS (4,292) (778) (4,489) (3,639)
COMPREHENSIVE INCOME (LOSS) $ (25,768) $ (16,730) $ (124,698) $ 130,787
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE $ (0.00) $ (0.00) $ (0.00) $ 0.01
BASIC AND DILUTED EARNINGS (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE $ (0.00) $ (0.00) $ (0.00) $ 0.01
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED 24,879,350 23,879,350 24,853,709 23,879,350
Development Agreement [Member]        
REVENUES $ 0 $ 22,533 $ 0 $ 100,227
Grant Revenue [Member]        
REVENUES $ 0 $ 0 $ 0 $ 113,386