Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 2,945,312 $ 259,955
Restricted cash 4,428 4,428
Prepaid expenses 206,317 291,428
Total current assets 3,156,057 555,811
Property and equipment, net 2,134 1,407
Total assets 3,158,191 557,218
Current liabilities    
Accounts payable 98,757 100,921
Accounts payable to related party 100,000  
Accrued payroll and related expenses 45,704 54,512
Accrued expenses 78,237 143,826
Provision for conversion of Series B preferred stock   6,715
Convertible debt   235,000
Provision for conversion of convertible debt   265,000
Total current liabilities 322,698 805,974
Noncurrent liabilities    
Warrant liabilities 8,589,472 551,322
Total noncurrent liabilities 8,589,472 551,322
Total liabilities 8,912,170 1,357,296
Commitments and contingencies (Note 3)
Stockholders' deficit    
Common stock, $0.001 par value; 236 million shares authorized; 132,414,079 issued and outstanding as of March 31, 2018 and 33,622,829 issued and outstanding as of December 31, 2017 132,414 33,623
Additional paid-in-capital 15,375,360 9,444,831
Warrants 982,911 982,911
Accumulated deficit (22,244,664) (14,030,871)
Total stockholders' deficit (5,753,979) (3,569,506)
Total liabilities and stockholders' deficit $ 3,158,191 557,218
Redeemable Convertible Series B Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value   822,201
Convertible Series D Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value   169,446
Redeemable Convertible Series F Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value   $ 1,777,781