Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.8.0.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,960,588 $ 2,823,450
Investments 1,496,068 5,629,009
Prepaid expenses and other current assets 418,392 164,274
Total current assets 8,875,048 8,616,733
Property and equipment, net 159,562 176,531
Intangible assets, net 21,042 23,051
Other assets 46,904 46,904
Total assets 9,102,556 8,863,219
Current liabilities:    
Accounts payable 439,347 492,015
Accrued liabilities 271,780 249,158
Accrued payroll and other compensation 532,884 503,133
Total current liabilities 1,244,011 1,244,306
Note payable, net of debt discount and offering costs of $741,238 and $0 as of March 31, 2018 and December 31, 2017, respectively 1,401,262
Total liabilities 2,645,273 1,244,306
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 39,956,147 shares as of March 31, 2018 and 39,439,505 as of December 31, 2017 39,956 39,440
Additional paid-in capital 34,246,600 31,822,161
Accumulated deficit (27,829,273) (24,242,688)
Total stockholders' equity 6,457,283 7,618,913
Total liabilities and stockholders' equity $ 9,102,556 $ 8,863,219