Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 41,978 $ 64,820
Restricted cash 4,428 37,500
Prepaid expenses 253,481 170,155
Other current assets 6,183 7,014
Total current assets 306,070 279,489
Property and equipment, net 2,645 9,584
Other assets    
Deposits and other assets 34,290 34,290
Total other assets 34,290 34,290
Total assets 343,005 323,363
Current liabilities    
Accounts payable 990,123 274,650
Accrued payroll and related expenses 445,498 167,337
Accrued license and patent reimbursement fees 80,893  
Accrued expenses 115,492 98,700
Provision for conversion of Series B preferred stock 24,428 118,821
Deferred rent   2,450
Total current liabilities 1,656,434 661,958
Noncurrent liabilities    
Series B warrants 791,813 1,112,308
Total noncurrent liabilities 791,813 1,112,308
Total liabilities 2,448,247 1,774,266
Commitments and contingencies (Note 3)
Stockholders' deficit    
Common stock, $0.001 par value; 236 million shares authorized; 30,670,663 issued and outstanding as of September 30, 2017 and 21,563,163 issued and outstanding as of December 31, 2016 30,671 21,563
Additional paid-in-capital 9,159,372 7,163,064
Warrants 982,911 837,711
Accumulated deficit (13,402,687) (10,936,573)
Total stockholders' deficit (3,229,733) (2,914,235)
Total liabilities and stockholders' deficit 343,005 323,363
Redeemable Convertible Series B Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value 955,045 1,169,663
Series C preferred stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value   $ 293,669
Series D Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value $ 169,446