Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.8.0.1
Condensed Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 2,314,928 $ 3,257,458
Investments 8,027,314 5,428,962
Subscription receivable 522,326
Prepaid expenses and other current assets 113,296 110,822
Total current assets 10,455,538 9,319,568
Property and equipment, net 184,269 230,512
Intangible assets, net 23,693
Other assets 40,465 36,810
Total assets 10,703,965 9,586,890
Current liabilities:    
Accounts payable 575,340 103,294
Accrued liabilities 175,273 132,780
Accrued payroll and other compensation 147,065 447,641
Note payable, net of debt discount of $0 and $59 as of September 30, 2017 and December 31, 2016, respectively 205,201
Total liabilities 897,678 888,916
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 39,295,754 shares as of September 30, 2017 and 34,807,881 as of December 31, 2016 39,296 34,808
Additional paid-in capital 31,176,283 23,072,702
Accumulated deficit (21,409,292) (14,409,536)
Total stockholders' equity 9,806,287 8,697,974
Total liabilities and stockholders' equity $ 10,703,965 $ 9,586,890