v3.8.0.1
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,695,743) $ (11,587,187)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 11,698 10,475
Amortization of debt discount 3,210 0
Change in derivative liabilities (210,465) 422,908
Equity based compensation 4,749,470 5,999,750
Fair value of issued warrant to acquire research and development 543,927 0
Changes in operating assets and liabilities:    
Prepaid expenses 17,325 (102,955)
Payment of long term deposit 10,528 0
Accounts payable 102,338 149,661
Deferred rent payable (2,342) (104)
Net cash used in operating activities (7,470,054) (5,107,452)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (9,436) (16,255)
Net cash used in investing activity (9,436) (16,255)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 6,011,229 5,226,368
Proceeds from sale of Series D preferred stock 1,929,960 0
Proceeds from common stock subscription 29,985 0
Net cash provided by financing activities 7,971,174 5,226,368
Net increase in cash and cash equivalents 491,684 102,661
Cash and cash equivalents, beginning of the period 1,055,895 953,234
Cash and cash equivalents, end of the period 1,547,579 1,055,895
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 0 0
Cash paid during the period for income taxes 0 0
Non cash investing and financing activities:    
Reclassify initial fair value of derivative and warrant liabilities from equity upon issuance of Series D preferred stock 1,049,216 0
Series C Preferred Stock [Member]    
Non cash investing and financing activities:    
Common stock issued upon conversion preferred stock and accrued dividends 116,868 491,423
Embedded Derivative Financial Instruments [Member]    
Adjustments to reconcile net loss to cash used in operating activities:    
Change in derivative liabilities 20,583  
Non cash investing and financing activities:    
Reclassify initial fair value of derivative and warrant liabilities from equity upon issuance of Series D preferred stock 0  
Reclassify derivative liability to equity 20,757 103,096
Embedded Derivative Financial Instruments [Member] | Series C Preferred Stock [Member]    
Non cash investing and financing activities:    
Reclassify derivative liability to equity $ 20,757 $ 103,096

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