Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Sep. 30, 2018 |
Dec. 31, 2017 |
| Current Assets |
|
|
| Cash and cash equivalents |
$ 2,176,565
|
$ 3,534,454
|
| Other receivables |
2,597
|
|
| Inventory |
|
9,068
|
| Prepaid expenses |
211,719
|
908,352
|
| Total current assets |
2,390,881
|
4,451,874
|
| Other Assets |
|
|
| Property and equipment, net |
140,122
|
165,567
|
| Investment in joint venture |
182,392
|
44,885
|
| Total other assets |
322,514
|
210,452
|
| Total assets |
2,713,395
|
4,662,326
|
| Current Liabilities |
|
|
| Accounts payable |
66,669
|
40,819
|
| Accrued expenses |
95,110
|
96,645
|
| Accrued expenses (related party) |
120,000
|
|
| Notes payable net of discount of $130,988 and $0 |
1,869,012
|
|
| Deferred income-current |
39,184
|
10,792
|
| Total current liabilities |
2,189,975
|
148,256
|
| Long-term Liabilities, net of current portion |
|
|
| Accrued expenses-long-term (related party) |
270,000
|
480,000
|
| Deferred income-long-term |
126,066
|
183,546
|
| Total long-term liabilities, net of current portion |
396,066
|
663,546
|
| Total liabilities |
2,586,041
|
811,802
|
| Commitments and contingencies |
|
|
| STOCKHOLDERS' EQUITY : |
|
|
| Common stock, $.001 par value, 180,000,000 shares authorized; 12,665,023 and 12,317,184 shares issued and outstanding, respectively. |
12,665
|
12,317
|
| Additional paid-in capital |
16,860,688
|
16,260,651
|
| Accumulated deficit |
(16,745,999)
|
(12,422,444)
|
| Total stockholders' equity |
127,354
|
3,850,524
|
| Total liabilities and stockholders' equity |
$ 2,713,395
|
$ 4,662,326
|