Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,811,418 $ 6,166,143
Prepaid expenses and other current assets 1,660,710 1,027,029
Total current assets 15,472,128 7,193,172
Property and equipment, net 63,508 21,659
Total assets 15,535,636 7,214,831
Current liabilities:    
Accounts payable and accrued expenses 1,366,554 818,044
Short-term notes payable 190,407 80,478
Total current liabilities 1,556,961 898,522
Shareholders’ equity:    
Preferred stock, no par value; 50,000,000 shares authorized; 9,417,000 and 12,000,000 Series A shares, 6,600,000 and 6,600,000 Series B shares, 101.733 and 100 Series C shares, and 1,496,000 and -0- Series D shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 6,813,369 6,309,608
Common stock, $0.001 par value; 200,000,000 shares authorized 18,419,135 and 4,928,335 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 18,419 4,928
Additional paid-in capital 115,764,875 101,402,570
Accumulated deficit (108,617,988) (101,400,797)
Total shareholders’ equity 13,978,675 6,316,309
Total liabilities and shareholders’ equity $ 15,535,636 $ 7,214,831