Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 769,833 $ 3,258,077
Prepayments and other current assets 129,347 333,877
Current assets of discontinued operations held for sale 0 1,096,323
Total current assets 899,180 4,688,277
Property and equipment, net 52,879 63,214
Intangible assets, net 1,645,555 1,396,409
Right of use asset 303,246 0
Other assets 17,920 17,920
Total assets 2,918,780 6,165,820
Current liabilities:    
Accounts payable 195,540 94,203
Accrued expenses 178,720 167,755
Current portion of lease liability 177,669 0
Current liabilities of discontinued operations held for sale 0 877,755
Total current liabilities 551,929 1,139,713
Long-term lease liability 129,995 0
Other long-term liabilities 651,483 428,163
Total liabilities 1,333,407 1,567,876
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 810,000 shares issued and outstanding at September 30, 2019 and 1,518,430 shares issued and outstanding at December 31, 2018, respectively 810 1,518
Common stock, $0.001 par value; 50,000,000 shares authorized; 1,475,322 shares issued and 1,474,001 shares outstanding at September 30, 2019 and 1,404,479 shares issued and 1,403,158 shares outstanding at December 31, 2018, respectively 1,475 1,404
Additional paid-in capital 68,115,842 68,022,484
Treasury stock, at cost, 1,321 shares at September 30, 2019 and December 31, 2018, respectively (13,210) (13,210)
Accumulated deficit (66,519,544) (63,414,252)
Total stockholders' equity 1,585,373 4,597,944
Total liabilities and stockholders' equity $ 2,918,780 $ 6,165,820