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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (221,273) $ 39,241
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 1,345 1,866
Foreign currency transaction gains (13,069) (29,964)
Changes in operating assets and liabilities:    
Research supplies 9,210 3,191
Grant funds receivable 2,744 (27,484)
Development Agreement receivables 0 5,905
Prepaid expenses and other current assets 9,286 19,981
Accounts payable and accrued liabilities (16,639) (54,800)
Deferred revenues 0 (81,385)
Other liabilities (45) 4,110
NET CASH USED IN OPERATING ACTIVITIES (228,441) (119,339)
CASH FLOWS FROM INVESTING ACTIVITIES    
NET CASH USED IN INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 40,000 40,000
Cash received for issuance of preferred stock 201,800 60,090
Proceeds from related party loan 0 61,434
Repayment of related party loan 0 (58,172)
NET CASH PROVIDED BY FINANCING ACTIVITIES 241,800 103,352
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (2,948) (8,796)
NET DECREASE IN CASH AND CASH EQUIVALENTS 10,411 (24,783)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 89,132 113,915
CASH AND CASH EQUIVALENTS - END OF YEAR $ 99,543 $ 89,132