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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash $ 6,995,525 $ 186,204
Research and development tax credit receivable 568,139 592,215
Other tax receivable 77,225 37,382
Joint development cost receivable 17,989
Prepaid expenses 97,623 15,552
Prepaid expenses - related party 26,266
TOTAL CURRENT ASSETS 7,764,778 849,342
Operating lease - right of use asset - related party 191,543
Acquired in-process research and development intangible assets 16,514,000 16,514,000
TOTAL ASSETS 24,470,321 17,363,342
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 401,989 553,221
Accounts payable and accrued liabilities - related parties 290,102 270,545
Operating lease, current liability - related party 8,288
TOTAL CURRENT LIABILITIES 700,379 823,766
Long-term operating lease liability - related party 160,164
TOTAL LIABILITIES 860,543 823,766
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 10,770,948 and 8,719,441 shares issued and outstanding, respectively 10,771 8,719
Additional paid-in capital 44,833,703 25,446,196
Common stock issuable 50,000 4,676,000
Accumulated other comprehensive income (loss) (8,515) 6,529
Accumulated deficit (21,276,181) (13,597,868)
TOTAL STOCKHOLDERS' EQUITY 23,609,778 16,539,576
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,470,321 $ 17,363,342