Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,769,225 $ 3,057,682
Accounts receivable, net 28,623  
Prepayments and other current assets 138,436 248,148
Total current assets 3,936,284 3,305,830
Property and equipment, net 41,797 47,302
Intangible assets, net 1,583,523 1,634,378
Right of use asset 126,257 260,310
Other assets 0 17,920
Total assets 5,687,861 5,265,740
Current liabilities:    
Accounts payable 66,710 182,956
Accrued expenses 383,374 319,135
Current portion of lease liability 129,995 183,119
Total current liabilities 580,079 685,210
Long-term debt 91,407  
Long-term lease liability 0 82,055
Other long-term liabilities 607,974 609,242
Total liabilities 1,279,460 1,376,507
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,976,709 shares issued and 2,975,388 shares outstanding at September 30, 2020, and 2,101,272 shares issued and 2,099,951 shares outstanding at December 31, 2019, respectively 2,977 2,101
Additional paid-in capital 78,419,046 71,242,256
Treasury stock, at cost, 1,321 shares at September 30, 2020 and December 31, 2019 (13,210) (13,210)
Accumulated deficit (74,000,412) (67,341,914)
Total stockholders' equity 4,408,401 3,889,233
Total liabilities and stockholders' equity $ 5,687,861 $ 5,265,740