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BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,592,932 $ 5,728,900
Restricted deposit 75,000 75,000
Prepaid expenses and other current assets 555,052 504,907
Deferred offering costs 0 104,706
Total current assets 5,222,984 6,413,513
Property and equipment, net 25,422 35,095
Right-of-use asset 42,830  
Other assets 5,580 5,580
Total assets 5,296,816 6,454,188
Current liabilities:    
Accounts payable 3,890,094 3,618,634
Accrued expenses 4,747,751 826,327
Convertible note payable, net 3,184,655 5,196,667
Derivative liability 408,000 370,000
Warrant Liability, Current 2,637,500 0
Accrued interest 0 101,624
Lease liability, current portion 42,830  
Total current liabilities 14,910,830 10,113,252
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Preferred stock $0.0001 par value as of December 31, 2019, 10,000,000 shares authorized as of December 31, 2019 and 2018; 0 shares issued and outstanding as of December 31, 2019 and 2018 0 0
Common stock $0.0001 par value as of December 31, 2019 and 2018, 350,000,000 shares authorized as of December 31, 2019 and 2018, 39,477,667 and 26,088,820 shares issued and outstanding as of December 31, 2019 and 2018, respectively 3,948 2,609
Additional paid-in capital 60,946,816 39,854,297
Accumulated deficit (70,564,778) (43,515,970)
Total stockholders’ deficit (9,614,014) (3,659,064)
Total liabilities and stockholders’ deficit $ 5,296,816 $ 6,454,188