CONSOLIDATED BALANCE SHEETS - USD ($)
|
Dec. 31, 2017 |
Dec. 31, 2016 |
| Current Assets |
|
|
| Cash and cash equivalents |
$ 3,534,454
|
$ 998,737
|
| Other receivables |
|
3,183
|
| Inventory |
9,068
|
|
| Prepaid expenses |
908,352
|
206,478
|
| Total current assets |
4,451,874
|
1,208,398
|
| Property and equipment, net |
165,567
|
87,429
|
| Investment in joint venture |
44,885
|
|
| Total other long-term assets |
210,452
|
87,429
|
| Total assets |
4,662,326
|
1,295,827
|
| Current Liabilities |
|
|
| Accounts payable |
40,819
|
29,934
|
| Accounts payable (related party) |
|
75,000
|
| Accrued expenses |
96,645
|
101,239
|
| Accrued expenses (related party) |
480,000
|
690,168
|
| Current notes payable net of $0 and $87,605 discount, respectively |
|
2,111,895
|
| Current notes payable (related party) net of $0 and $263 discount, respectively |
|
837,177
|
| Deferred income current |
10,792
|
|
| Total current liabilities |
628,256
|
3,845,413
|
| Long-term Liabilities |
|
|
| Notes payable long-term |
|
445,000
|
| Deferred income long-term |
183,546
|
|
| Total long-term liabilities |
183,546
|
445,000
|
| Total liabilities |
811,802
|
4,290,413
|
| Commitments and contingencies |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Common stock, $.001 par value, 180,000,000 shares authorized; 12,317,184 and 9,882,395 shares issued and outstanding as of December 31, 2017 and 2016, respectively. |
12,317
|
9,882
|
| Additional paid-in capital |
16,260,651
|
2,458,744
|
| Accumulated deficit |
(12,422,444)
|
(5,463,212)
|
| Total stockholders' equity (deficit) |
3,850,524
|
(2,994,586)
|
| Total liabilities and stockholders' equity (deficit) |
$ 4,662,326
|
$ 1,295,827
|