Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Jun. 30, 2019 |
Dec. 31, 2018 |
| Current Assets |
|
|
| Cash and cash equivalents |
$ 3,856,009
|
$ 950,237
|
| Accounts receivables, net |
62,985
|
13,420
|
| Inventory |
8,233
|
18,153
|
| Prepaid expenses |
633,036
|
70,103
|
| Total current assets |
4,560,263
|
1,051,913
|
| Other Assets |
|
|
| Property and equipment, net |
172,501
|
156,138
|
| Investment in joint venture |
585,121
|
345,121
|
| Total other assets |
757,622
|
501,259
|
| Total assets |
5,317,885
|
1,553,172
|
| Current Liabilities |
|
|
| Accounts payable |
35,897
|
148,967
|
| Accrued expenses |
156,182
|
174,444
|
| Accrued expenses (related party) |
120,000
|
120,000
|
| Notes payable net of discount of $0 and $91,428 |
|
1,908,572
|
| Total current liabilities |
312,079
|
2,351,983
|
| Long-term Liabilities, net of current portion |
|
|
| Accrued expenses-long-term (related party) |
200,000
|
260,000
|
| Total long-term liabilities, net of current portion |
200,000
|
260,000
|
| Total liabilities |
512,079
|
2,611,983
|
| Commitments and contingencies |
|
|
| STOCKHOLDERS' EQUITY (DEFICIT): |
|
|
| Convertible preferred stock, $.001 par value; 5,000,000 shares authorized, 28,000 and no shares issued and outstanding, respectively |
28
|
|
| Common stock, $.001 par value, 100,000,000 shares authorized; 17,115,766 and 12,923,373 shares issued and outstanding, respectively. |
17,116
|
12,923
|
| Additional paid-in capital |
26,195,614
|
17,622,433
|
| Accumulated deficit |
(21,406,952)
|
(18,694,167)
|
| Total stockholders' equity (deficit) |
4,805,806
|
(1,058,811)
|
| Total liabilities and stockholders' equity (deficit) |
$ 5,317,885
|
$ 1,553,172
|