Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 535,995 $ 1,305,748
Prepaid expenses and other current assets 39,900 62,317
Total current assets 575,895 1,368,065
Prepaid expense, less current portion 6,880
Total assets 582,775 1,368,065
Current liabilities:    
Accounts payable and accrued expenses 275,874 312,034
Research and development contract liabilities 62,440 60,990
Total current liabilities 338,314 373,024
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.0001 par value; authorized – 10,000,000 shares; issued and outstanding – 350,000 shares of Series A Convertible Preferred Stock, $10.00 per share stated value, $50.00 per share cash redemption value; aggregate cash redemption value – $17,500,000; liquidation preference based on assumed conversion into common shares – 4,375,000 shares 3,500,000 3,500,000
Common stock, $0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 58,025,814 shares 5,802 5,802
Additional paid-in capital 20,004,654 20,004,654
Accumulated deficit (23,265,995) (22,515,415)
Total stockholders’ equity 244,461 995,041
Total liabilities and stockholders’ equity $ 582,775 $ 1,368,065