Liquidity and Management's Plans
|12 Months Ended|
Dec. 31, 2019
|Liquidity and Management's Plans [Abstract]|
|LIQUIDITY AND MANAGEMENT'S PLANS||
Note 2 - Liquidity and Management's Plans
As of December 31, 2019, the Company had a cash and cash equivalents balance of $12,563,853 and working capital and stockholders' equity of $10,885,941 and $8,136,826 respectively. During the year ended December 31, 2019, the Company incurred a net loss of $13,044,772. The Company has not generated any revenues, has incurred net losses since inception and does not expect to generate revenues in the near term. Factors such as these and the Company's projected cash burn raised substantial doubt about its ability to continue as a going concern for at least one year from the issuance of these financial statements. However, management has substantial latitude as to the timing and amount of the expenses it incurs, and such latitude and control of those expenditures alleviated the substantial doubt. Management believes, due in part to such latitude and control, that it has sufficient capital to meet its operating expenses and obligations for the next twelve months from the date of this filing. However, if unanticipated difficulties or circumstances arise, the Company may require additional capital sooner to support its operations. If the Company is unable to raise additional capital whenever necessary, it may be forced to decelerate or curtail its research and development activities and/or other operations until such time as additional capital becomes available. Such limitation of the Company's activities would allow it to slow its rate of spending and extend its use of cash until additional capital is raised. There can be no assurance that such a plan would be successful. There is no assurance that additional financing will be available when needed or that the Company will be able to obtain such financing on reasonable terms.