INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

INCOME TAXES

Schedule of Deferred Tax Assets and Liabilities

	For the Years Ended
	December 31,
	2019		2018
Deferred Tax Assets:
Net Operating Loss Carry Forward	$	17,166,000	$	13,596,000
Stock-Based Compensation		6,538,000		5,741,000
License Agreements		177,000		206,000
Research and Development		733,000		406,000
Charitable Contributions		9,000		3,000
Operating Lease Liability		115,000		—
		24,738,000		19,952,000
Less: Valuation Allowance		(24,632,000)		(19,952,000)
Total Deferred Tax Assets		106,000		—
Deferred Tax Liabilities
Fixed Assets		(106,000)		—
Total Deferred Tax Liabilties		(106,000)		—
Net Deferred Tax Assets/(Liabilities)	$	—	$	—

Summary Of Expected Tax Expense Benefit Based On Federal Statutory Rates Reconciled With Actual Tax Provision Benefit

	For the Years Ended December 31,
	2019				2018
			Percent of				Percent of
		Amount	Pretax Income/(Loss)			Amount	Pretax Income/(Loss)
U.S. federal statutory rate	$	(4,500,000)	21.00	%	$	(31,071,000)	21.00	%
State taxes, net of federal benefit		(600,000)	2.80	%		(1,383,000)	0.93	%
Tax rate change		665,000	(3.10)	%		—	0.00	%
Permanent Differences
- Non-deductible write-off of acquired R&D expenses		—	0.00	%		24,369,000	(16.47)	%
- Change in fair value of derivative liabilities		(4,000)	0.02	%		8,000	(0.01)	%
- Other permanent differences		32,000	(0.15)	%		4,000	0.00	%
Change in valuation allowance		4,681,000	(21.85)	%		8,073,000	(5.46)	%
Deferred true-up		(274,000)	1.28	%		—	0.00	%
Income tax provision/(benefit)	$	—	0.00	%	$	—	0.00	%