Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 2,847,429 $ 1,071,894
Certificates of deposit 1,019,294
Due from related party 62,709
Vendor deposit 227,657
Prepaid expenses 41,446 18,147
Total Current Assets 2,951,584 2,336,992
Property And Equipment    
Software 19,740 15,330
Equipment 9,327 8,445
Total Cost 29,067 23,775
Less: accumulated depreciation 3,246 1,381
Property and equipment, net 25,821 22,394
Other Assets    
Security deposit 5,535 5,535
Total Other Assets 5,535 5,535
Total Assets 2,982,940 2,364,921
Current Liabilities    
Senior convertible notes, net of debt issuance costs 2,448,570
Accrued interest 35,693
Accounts payable 50,686 14,593
Due to related parties 436 95
Accrued expenses 64,428 83,004
Total Current Liabilities 2,599,813 97,692
Non-current Liabilities    
Accrued rent liability 9,963
Total Liabilities 2,609,776 97,692
COMMITMENTS AND CONTINGENCIES - SEE NOTE
Stockholders' Equity    
Common stock, par value $0.0001, 350,000,000 and 43,261,049 shares authorized; 35,272,626 and 31,745,242 issued and outstanding at December 31, 2017 and 2016, respectively 3,527 3,175
Preferred stock, par value $0.0001, 10,000,000 shares authorized; zero shares issued and outstanding
Additional paid-in capital 4,228,723 4,266,825
Accumulated deficit (3,859,086) (2,002,771)
Total Stockholders' Equity 373,164 2,267,229
Total Liabilities and Stockholders' Equity $ 2,982,940 $ 2,364,921