Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating expenses:    
Research and development $ 5,971,833 $ 3,539,656
General and administrative 4,022,307 3,178,662
Total operating expenses 9,994,140 6,718,318
Loss from operations (9,994,140) (6,718,318)
Other income (expense):    
Interest income 86,527 10,221
Interest expense (5,786) (216,328)
Local business tax (1,188) (3,098)
Changes in derivative liability   188,727
Other income 446 7,271
Total other income (expense), net 79,999 (13,207)
Loss before income taxes (9,914,141) (6,731,525)
Income tax benefit 0 0
Net loss (9,914,141) (6,731,525)
Net loss applicable to common shareholders $ (11,326,182) $ (6,731,525)
Basic and diluted net loss per share $ (0.87) $ (1.37)
Shares used to compute basic and diluted net loss per share 13,039,123 4,926,275
Series D Preferred Stock [Member]    
Other income (expense):    
Deemed dividend of Series D preferred stock $ (1,412,041)