Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,853,373 $ 259,955
Restricted cash 4,512 4,428
Prepaid expenses 93,193 291,428
Other current assets 2,609  
Total current assets 1,953,687 555,811
Property and equipment, net 3,445 1,407
Total assets 1,957,132 557,218
Current liabilities    
Accounts payable 15,597 100,921
Accrued payroll and related expenses 66,213 54,512
Accrued expenses 118,248 143,826
Derivative liabilities 15,738,913 271,715
Secured convertible promissory note - related party, net of discount   235,000
Total current liabilities 15,938,971 805,974
Noncurrent liabilities    
Convertible multi-draw credit agreement - related party, net of discount 1,360,960  
Derivative liabilities, noncurrent 219,453 551,322
Total liabilities 17,519,384 1,357,296
Commitments and contingencies
Stockholders' deficit    
Common stock, $0.001 par value; 500,000,000 shares authorized; 133,907,747 issued and outstanding as of December 31, 2018 and 33,622,829 issued and outstanding as of December 31, 2017 133,908 33,623
Additional paid-in-capital 16,230,956 9,444,831
Warrants 1,297,991 982,911
Accumulated deficit (33,225,107) (14,030,871)
Total stockholders' deficit (15,562,252) (3,569,506)
Total liabilities and stockholders' deficit $ 1,957,132 557,218
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   169,447
Convertible Series F Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value   $ 1,777,781