XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 10,380,493 $ 7,217,469
Restricted cash 110,000 55,000
Prepaid expenses 509,833 250,944
Research and development tax rebate receivable 518,098 358,277
Other current assets 30,942 16,344
Total current assets 11,549,366 7,898,034
Furniture and equipment, net 54,487 11,467
Intangible assets, net 99,375 75,686
Other assets 17,218 178,907
Total Assets 11,720,446 8,164,094
Current liabilities    
Accounts payable 353,328 334,901
Accrued expenses 177,074 90,105
Payroll liabilities 935,070 784,867
Stock-based compensation liability 1,410,025
Other current liabilities 39,939 15,534
Total Current Liabilities 2,915,436 1,225,407
Commitments and contingencies (note 13)
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 December 31, 2018 and December 31, 2017; Series B convertible preferred stock- $0.001 par value; 25,000 and 0 shares authorized, and 2,379 and 0 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 2
Additional paid-in capital- Series B convertible preferred stock 2,378,997
Common stock - $0.18 par value; 175,000,000 shares authorized, and 5,846,552 and 2,651,952 shares issued and outstanding, as of December 31, 2018 and December 31, 2017, respectively 1,052,372 477,342
Additional paid-in capital 82,204,902 71,887,674
Accumulated deficit (76,831,263) (65,426,329)
Total Stockholders' Equity 8,805,010 6,938,687
Total Liabilities and Stockholders' Equity $ 11,720,446 $ 8,164,094