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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 283,341 $ 259,701
Grant funds and other receivables 68,603 121,814
Prepaid expenses and other current assets 95,320 238,189
Total current assets 447,264 619,704
Property and equipment, net (Note 3) 10,606 11,350
Deposits 11,010 11,010
Total assets 468,880 642,064
Current liabilities:    
Accounts payable 152,653 125,859
Accrued expenses (Note 4) 1,851,040 1,238,552
Current portion of notes payable (Note 5) 12,500 260,420
Total current liabilities 2,016,193 1,624,831
Note payable, net of current portion (Note 5) 27,243 39,580
Total liabilities 2,043,436 1,664,411
Commitments (Note 6)
Stockholders’ equity (deficiency):    
Preferred stock, $.01 par value (Note 7): Authorized shares – 10,000,000 Issued and outstanding shares – 2,486 and 3,450 at December 31, 2019 and 2018, respectively 1,932,433 1,971,333
Common stock, $.001 par value: Authorized shares – 600,000,000 Issued and outstanding shares – 299,835 and 219 at December 31, 2019 and 2018, respectively 300
Additional paid-in capital 39,340,224 37,483,204
Accumulated deficit (42,847,513) (40,476,884)
Total stockholders’ equity (deficiency) (1,574,556) (1,022,347)
Total liabilities and stockholders’ equity (deficiency) $ 468,880 $ 642,064