XML 58 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 28,094,936 $ 10,261,671
Prepaid assets and other current assets 1,092,462 12,065
Total current assets 29,187,398 10,273,736
Deferred offering costs 127,768
Total assets 29,187,398 10,401,504
Current liabilities:    
Accounts payable 410,638 428,645
Accrued dividends payable 728,350
Total current liabilities 410,638 1,156,995
Accrued research and development expense (see Note 5) 1,132,013
Total liabilities 1,542,651 1,156,995
Commitments and contingencies (see Note 4)
Series A Preferred Stock:    
Series A Preferred Stock, $0.001 par value, 10,000,000 shares authorized; 0 and 5,662,000 shares issued and outstanding as of December 31, 2019 and 2018, respectively 12,485,971
Stockholders' equity (deficit):    
Common stock; $0.001 par value, 45,000,000 shares authorized; 18,450,992 and 4,000,000 shares issued and outstanding as of December 31, 2019 and 2018, respectively 18,451 4,000
Additional paid-in capital 43,338,710 596,724
Accumulated deficit (15,712,414) (3,842,186)
Total stockholders' equity (deficit) 27,644,747 (3,241,462)
Total liabilities, Series A Preferred Stock and stockholders' equity (deficit) $ 29,187,398 $ 10,401,504