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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (123,315) $ 134,426
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 1,028 1,425
Foreign currency transaction gain (30,093) (20,857)
Changes in operating assets and liabilities:    
Research supplies 607 0
Grant funds receivable 15,901 (13,560)
Development Agreement receivables 0 5,813
Prepaid expenses and other current assets 9,632 19,970
Accounts payable and accrued liabilities (43,581) (88,684)
Deferred revenue 0 (80,114)
Other liabilities (45) 0
NET CASH USED IN OPERATING ACTIVITIES (169,866) (41,581)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 40,000 0
Proceeds from issuance of preferred stock 179,600 0
Deposit for preferred stock 0 60,090
Proceeds from related party loan 0 61,434
Repayment of related party loan 0 (58,172)
NET CASH PROVIDED BY FINANCING ACTIVITIES 219,600 63,352
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (6,655) (13,006)
NET INCREASE IN CASH AND CASH EQUIVALENTS 43,079 8,765
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 89,132 113,915
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 132,211 $ 122,680