v3.20.1
Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 12,563,853 $ 5,722,342
Investments 16,460,426
Prepaid expenses and other current assets 361,311 260,630
Total current assets 12,925,164 22,443,398
Property and equipment, net 523,677 520,740
Intangible assets, net 19,154 20,233
Other assets 64,242 56,793
Total assets 13,532,237 23,041,164
Current liabilities:    
Accounts payable 444,776 1,142,735
Accrued liabilities 916,692 351,813
Accrued payroll and other compensation 677,755 667,661
Total current liabilities 2,039,223 2,162,209
Notes payable, net of debt discount and offering costs of $546,312 and $986,163 as of December 31, 2019 and 2018, respectively 3,356,188 2,916,337
Total liabilities 5,395,411 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 December 31, 2019 and 2018, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 43,069,418 shares as of December 31, 2019 and 42,578,208 as of December 31, 2018 43,069 42,578
Additional paid-in capital 61,087,082 57,868,593
Accumulated deficit (52,993,325) (39,948,553)
Total stockholders' equity 8,136,826 17,962,618
Total liabilities and stockholders' equity $ 13,532,237 $ 23,041,164

Source