Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.8.0.1
Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 2,823,450 $ 3,257,458
Investments 5,629,009 5,428,962
Subscription receivable 522,326
Prepaid expenses and other current assets 164,274 110,822
Total current assets 8,616,733 9,319,568
Property and equipment, net 176,531 230,512
Intangible assets, net 23,051
Other assets 46,904 36,810
Total assets 8,863,219 9,586,890
Current liabilities:    
Accounts payable 492,015 103,294
Accrued liabilities 249,158 132,780
Accrued payroll and other compensation 503,133 447,641
Note payable, net of debt discount of $0 and $59 as of December 31, 2017 and 2016, respectively 205,201
Total liabilities 1,244,306 888,916
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of December 31, 2017 and 2016, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 39,439,505 shares as of December 31, 2017 and 34,807,881 as of December 31, 2016 39,440 34,808
Additional paid-in capital 31,822,161 23,072,702
Accumulated deficit (24,242,688) (14,409,536)
Total stockholders' equity 7,618,913 8,697,974
Total liabilities and stockholders' equity $ 8,863,219 $ 9,586,890