Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.19.3
Condensed Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 1,027,503 $ 5,722,342
Investments 13,392,274 16,460,426
Prepaid expenses and other current assets 484,355 260,630
Total current assets 14,904,132 22,443,398
Property and equipment, net 435,745 520,740
Intangible assets, net 19,423 20,233
Other assets 60,041 56,793
Total assets 15,419,341 23,041,164
Current liabilities:    
Accounts payable 377,395 1,142,735
Accrued liabilities 653,666 351,813
Accrued payroll and other compensation 164,085 667,661
Total current liabilities 1,195,146 2,162,209
Notes payable, net of debt discount and offering costs of $656,275 and $986,163 as of September 30, 2019 and December 31, 2018, respectively 3,246,225 2,916,337
Total liabilities 4,441,371 5,078,546
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, 2019 and December 31, 2018, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 42,861,422 shares as of September 30, 2019 and 42,578,208 as of December 31, 2018 42,861 42,578
Additional paid-in capital 60,211,715 57,868,593
Accumulated deficit (49,276,606) (39,948,553)
Total stockholders' equity 10,977,970 17,962,618
Total liabilities and stockholders' equity $ 15,419,341 $ 23,041,164