Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.19.1
Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 5,722,342 $ 2,823,450
Investments 16,460,426 5,629,009
Prepaid expenses and other current assets 260,630 164,274
Total current assets 22,443,398 8,616,733
Property and equipment, net 520,740 176,531
Intangible assets, net 20,233 23,051
Other assets 56,793 46,904
Total assets 23,041,164 8,863,219
Current liabilities:    
Accounts payable 1,142,735 492,015
Accrued liabilities 351,813 249,158
Accrued payroll and other compensation 667,661 503,133
Total current liabilities 2,162,209 1,244,306
Notes payable, net of debt discount and offering costs of $986,163 and $0 as of December 31, 2018 and 2017, respectively 2,916,337
Total liabilities 5,078,546 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 December 31, 2018 and 2017, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 42,578,208 shares as of December 31, 2018 and 39,439,505 as of December 31, 2017 42,578 39,440
Additional paid-in capital 57,868,593 31,822,161
Accumulated deficit (39,948,553) (24,242,688)
Total stockholders' equity 17,962,618 7,618,913
Total liabilities and stockholders' equity $ 23,041,164 $ 8,863,219