CONSOLIDATED BALANCE SHEETS - USD ($)
|
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 64,820
|
$ 3,221,209
|
| Restricted cash |
37,500
|
37,500
|
| Prepaid expenses |
170,155
|
158,946
|
| Other current assets |
7,014
|
36,126
|
| Total current assets |
279,489
|
3,453,781
|
| Property and equipment, net |
9,584
|
13,383
|
| Other assets |
|
|
| Deposits and other assets |
34,290
|
43,884
|
| Total other assets |
34,290
|
43,884
|
| Total assets |
323,363
|
3,511,048
|
| Current liabilities |
|
|
| Accounts payable |
274,650
|
125,357
|
| Accrued payroll and related expenses |
167,337
|
46,268
|
| Accrued license and patent reimbursement fees |
|
97,500
|
| Accrued expenses |
98,700
|
228,645
|
| Provision for conversion of Series B preferred stock |
118,821
|
84,090
|
| Deferred rent |
2,450
|
|
| Total current liabilities |
661,958
|
581,860
|
| Noncurrent liabilities |
|
|
| Deferred rent |
|
3,233
|
| Series B warrants |
1,112,308
|
2,454,959
|
| Total noncurrent liabilities |
1,112,308
|
2,458,192
|
| Total liabilities |
1,774,266
|
3,040,052
|
| Commitments and contingencies (Note 3) |
|
|
| Stockholders' deficit |
|
|
| Common stock, $0.001 par value; 236 million shares authorized; 21,563,163 issued and outstanding as of December 31, 2016 and 19,903,163 issued and outstanding as of December 31, 2015 |
21,563
|
19,903
|
| Additional paid-in-capital |
7,163,064
|
6,086,987
|
| Warrants |
837,711
|
759,386
|
| Accumulated deficit |
(10,936,573)
|
(7,758,480)
|
| Total stockholders' deficit |
(2,914,235)
|
(892,204)
|
| Total liabilities and stockholders' deficit |
323,363
|
3,511,048
|
| Redeemable Convertible Series B Preferred Stock |
|
|
| Noncurrent liabilities |
|
|
| Redeemable Convertible Preferred Stock, value |
1,169,663
|
1,363,200
|
| Convertible Series C Preferred Stock |
|
|
| Noncurrent liabilities |
|
|
| Redeemable Convertible Preferred Stock, value |
$ 293,669
|
|