Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 563,864 $ 1,829,977
Restricted cash 4,538 4,538
Prepaid expenses 99,067 152,695
Other current assets 3,888 7,550
Total current assets 671,357 1,994,760
Property and equipment, net 1,618 1,983
Total assets 672,975 1,996,743
Current liabilities    
Accounts payable 937,266 129,809
Accounts payable to related party 40,903 10,000
Accrued interest due to related party 35,645  
Other current liabilities 405,344 420,406
Derivative liabilities 248,052 410,603
Total current liabilities 1,667,210 970,818
Noncurrent liabilities    
Convertible multi-draw credit agreement - related party, net of discount 517,780 387,070
Derivative liabilities, non-current 190,882 90,797
Total liabilities 2,375,872 1,448,685
Commitments and contingencies
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; no shares issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 183,207,747 and 182,895,247 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 183,208 182,895
Additional paid-in-capital 32,628,837 32,538,445
Accumulated deficit (34,514,942) (32,173,282)
Total stockholders' (deficit) equity (1,702,897) 548,058
Total liabilities and stockholders' (deficit) equity $ 672,975 $ 1,996,743