Condensed Balance Sheets - USD ($)
|
Sep. 30, 2018 |
Dec. 31, 2017 |
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 8,111,682
|
$ 355,563
|
| Prepaid expenses |
525,582
|
161,844
|
| Deferred offering costs |
0
|
159,795
|
| Due from related party |
0
|
75,000
|
| Total current assets |
8,637,264
|
752,202
|
| Property and equipment, net |
40,233
|
40,707
|
| Other assets |
5,580
|
5,580
|
| Total assets |
8,683,077
|
798,489
|
| Current Liabilities: |
|
|
| Accounts payable |
2,882,876
|
2,658,637
|
| Accrued expenses |
229,401
|
1,180,225
|
| Note payable |
5,190,000
|
0
|
| Convertible promissory notes, net |
0
|
8,329,045
|
| Convertible promissory notes, related party, net |
0
|
244,816
|
| Accrued interest |
0
|
560,380
|
| Total current liabilities |
8,302,277
|
12,973,103
|
| Commitments and contingencies (Note 8) |
|
|
| Stockholders’ equity (deficit): |
|
|
| Common stock - $0.0001 par value, 350,000,000 and 250,000,000 shares authorized; 25,983,538 and 11,888,240 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively |
2,598
|
11,888
|
| Additional paid-in-capital |
40,879,119
|
7,167,189
|
| Accumulated deficit |
(40,500,917)
|
(19,353,691)
|
| Total stockholders’ equity (deficit) |
380,800
|
(12,174,614)
|
| Total liabilities and stockholders’ equity (deficit) |
$ 8,683,077
|
$ 798,489
|