Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.20.1
Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 7,241,288 $ 282,736
Restricted cash 0 272,397
Prepaid expenses 652,622 33,000
Total current assets 7,893,910 588,133
Fixed Assets:    
Furniture and equipment, net 18,165 0
Long-Term Assets:    
Deferred issuance costs 0 95,200
Total Assets 7,912,075 683,333
Current Liabilities:    
Accounts payable 243,666 128,071
Accounts payable and accrued expenses - related party 45,833 794
Accrued expenses 21,500 23,599
Convertible notes payable, net of discount 0 281,918
Notes payable 0 35,000
SAFE agreements 0 763,249
Total current liabilities 310,999 1,232,631
Total Liabilities 310,999 1,232,631
Commitments and contingencies
Stockholders' Equity (Deficit):    
Preferred stock, $0.001 par value, 5,000,000 shares authorized and 0 shares issued and outstanding 0 0
Common stock, $0.001 par value, 75,000,000 shares authorized and 16,450,234 and 12,694,504 shares issued and outstanding, respectively 16,450 12,695
Additional paid-in capital 19,073,098 7,049,268
Accumulated Deficit (11,488,472) (7,611,261)
Total Stockholders' Equity (Deficit) 7,601,076 (549,298)
Total Liabilities and Stockholders' Equity (Deficit) $ 7,912,075 $ 683,333