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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss $ (7,704,636) $ (2,495,525)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,225 1,224
Research and development-acquired license, expensed 95,000 132,164
Stock issued for research and development 36,000
Stock-based compensation 2,495,219 143,053
Unrealized gain on marketable securities (3,664)
Changes in assets and liabilities:    
Prepaid expenses (97,716) (12,356)
Accrued salaries and benefits (1,542)
Accounts payable 267,357 94,356
Net cash used in operating activities (4,947,215) (2,102,626)
Cash flows from investing activities    
Purchase of marketable securities (800,000)
Purchase of research and development licenses (95,000)
Net cash used in investing activities (895,000)
Cash flows from financing activities    
Proceeds from issuance of Series A Convertible Preferred Stock and warrants for cash in an offering, net 1,186,320
Proceeds from issuance of common stock in the IPO, net of offering cost 5,840,167
Proceeds from issuance common stock and warrants, net of offering cost 1,610,130
Proceeds from exercise of warrants 163
Payment of employee withholdings for vested restricted stock (31,513)
Net cash provided by financing activities 7,450,460 1,154,807
Net increase (decrease) in cash 1,608,245 (947,819)
Cash and restricted cash, beginning of year 282,621 1,230,440
Cash and restricted cash, end of year 1,890,866 282,621
Non-cash investing and financing activities    
Conversion of preferred stock to common stock upon completion of the IPO 310
Common stock issued for acquired license   132,164
Cashless warrant exercise 22
Offering cost included in accrued expenses $ 30,484 $ 206,671