Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash $ 1,319,360 $ 1,853,373
Restricted cash 4,512 4,512
Prepaid expenses 395,441 93,193
Other current assets 3,375 2,609
Total current assets 1,722,688 1,953,687
Property and equipment, net 2,349 3,445
Total assets 1,725,037 1,957,132
Current liabilities    
Accounts payable 206,930 15,597
Other current liabilities 318,930 184,461
Derivative liabilities 13,737,783 15,738,913
Total current liabilities 14,263,643 15,938,971
Noncurrent liabilities    
Convertible multi-draw credit agreement - related party, net of discount 3,296,249 1,360,960
Derivative liabilities, non-current 567,606 219,453
Total liabilities 18,127,498 17,519,384
Commitments and contingencies
Stockholders' deficit    
Convertible preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued and outstanding at September 30, 2019 and December 31, 2018
Common stock, $0.001 par value; 500,000,000 shares authorized; 134,095,247 issued and outstanding at September 30, 2019 and December 31, 2018 134,095 133,908
Additional paid-in-capital 20,488,778 17,528,947
Accumulated deficit (37,025,334) (33,225,107)
Total stockholders' deficit (16,402,461) (15,562,252)
Total liabilities and stockholders' deficit $ 1,725,037 $ 1,957,132