Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,874,720 $ 259,955
Restricted cash 4,502 4,428
Prepaid expenses 155,521 291,428
Other current assets 2,609  
Total current assets 2,037,352 555,811
Property and equipment, net 4,979 1,407
Total assets 2,042,331 557,218
Current liabilities    
Accounts payable 11,920 100,921
Accounts payable - related party 65,000  
Accrued payroll and related expenses 58,327 54,512
Accrued expenses 60,524 143,826
Warrant liabilities, short-term 10,091,839  
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 10,287,610 805,974
Noncurrent liabilities    
Series B warrant liability, long-term   551,322
Total noncurrent liabilities   551,322
Total liabilities 10,287,610 1,357,296
Commitments and contingencies (Note 7)
Preferred stock, $0.001 par value; 20,000,000 shares authorized
Stockholders' deficit    
Common stock, $0.001 par value; 236 million shares authorized; 132,701,579 issued and outstanding as of June 30, 2018 and 33,622,829 issued and outstanding as of December 31, 2017 132,702 33,623
Additional paid-in-capital 15,545,772 9,444,831
Warrants 982,911 982,911
Accumulated deficit (24,906,664) (14,030,871)
Total stockholders' deficit (8,245,279) (3,569,506)
Total liabilities and stockholders' deficit $ 2,042,331 557,218
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
Convertible Series F Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value   $ 1,777,781