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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 12,935,587 $ 7,217,469
Restricted cash 55,000 55,000
Prepaid expenses 290,331 250,944
Research and development tax rebate receivable 480,495 358,277
Other current assets 161,530 16,344
Total current assets 13,922,943 7,898,034
Furniture and equipment, net 57,804 11,467
Intangible assets, net 55,107 75,686
Other assets 88,518 178,907
Total Assets 14,124,372 8,164,094
Current liabilities    
Accounts payable 550,704 334,901
Accrued expenses 51,673 90,105
Payroll liabilities 706,150 784,867
Stock-based compensation liability 2,180,659
Other current liabilities 66,077 15,534
Total Current Liabilities 3,555,263 1,225,407
Commitments and contingencies (note 11)
Stockholders' equity    
Preferred stock - $0.001 par value; 10,000,000 shares authorized, consisting of Series A convertible preferred stock- $0.001 par value; 4,000 shares authorized, and 0 shares outstanding as of September 30, 2018 and December 31, 2017; Series B convertible preferred stock- $0.001 par value; 25,000 and 0 shares authorized, and 3,517 and 0 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 4
Additional paid-in capital- Series B convertible preferred stock 3,516,996
Common stock - $0.18 par value; 175,000,000 shares authorized, and 5,523,255 and 2,651,952 shares issued and outstanding, as of September 30, 2018 and December 31, 2017, respectively 994,175 477,342
Additional paid-in capital 80,811,088 71,887,674
Accumulated deficit (74,753,154) (65,426,329)
Total Stockholders' Equity 10,569,109 6,938,687
Total Liabilities and Stockholders' Equity $ 14,124,372 $ 8,164,094