Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 259,955 $ 64,820
Restricted cash 4,428 37,500
Prepaid expenses 291,428 170,155
Other current assets   7,014
Total current assets 555,811 279,489
Property and equipment, net 1,407 9,584
Other assets    
Deposits and other assets   34,290
Total other assets   34,290
Total assets 557,218 323,363
Current liabilities    
Accounts payable 100,921 274,650
Accrued payroll and related expenses 54,512 167,337
Accrued expenses 143,826 98,700
Provision for conversion of Series B preferred stock 6,715 118,821
Convertible debt, net of discount 235,000  
Provision for conversion of convertible debt 265,000  
Deferred rent   2,450
Total current liabilities 805,974 661,958
Noncurrent liabilities    
Series B warrants 551,322 1,112,308
Total noncurrent liabilities 551,322 1,112,308
Total liabilities 1,357,296 1,774,266
Commitments and contingencies (Note 3)
Stockholders' deficit    
Common stock, $0.001 par value; 236 million shares authorized; 33,622,829 issued and outstanding as of December 31, 2017 and 21,563,163 issued and outstanding as of December 31, 2016 33,623 21,563
Additional paid-in-capital 9,444,831 7,163,064
Warrants 982,911 837,711
Accumulated deficit (14,030,871) (10,936,573)
Total stockholders' deficit (3,569,506) (2,914,235)
Total liabilities and stockholders' deficit 557,218 323,363
Redeemable Convertible Series B Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value 822,201 1,169,663
Convertible Series C Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value 293,669
Convertible Series D Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value 169,446
Redeemable Convertible Series F Preferred Stock    
Noncurrent liabilities    
Redeemable Convertible Preferred Stock, value $ 1,777,781