Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,188,780 $ 14,948,529
Accounts receivable - net of allowance for bad debt of $0 and $387,976 for September 30, 2018 and December 31, 2017, respectively 102,098 6,826
Prepaid expenses and other current assets 550,184 92,855
Total current assets 3,841,062 15,048,210
Other assets:    
Property and equipment, net of accumulated depreciation of $1,517,694 and $134,513 for September 30, 2018 and December 31, 2017, respectively 3,855,812 10,011
Intangible assets, net of accumulated amortization of $47,451 for September 30, 2018 1,162,549
Total other assets 5,018,361 10,011
TOTAL ASSETS 8,859,423 15,058,221
Current liabilities:    
Accounts payable and accrued expenses 1,329,165 1,961,784
Litigation liability 2,150,000
Warrant liability 145,124 1,794,396
Convertible notes payable, net of discounts of $2,290,028 for December 31, 2017 1,763,920
Total current liabilities 1,474,289 7,670,100
Long-term liabilities    
Convertible notes payable, net of discounts of $0 for September 30, 2018 999,106
Total long-term liabilities 999,106
Total liabilities 2,473,395 7,670,100
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, 0 and 5,513 issued and outstanding at September 30, 2018 and December 31, 2017, respectively 1
Common stock, $0.0001 par value; 200,000,000 shares authorized; 25,519,940 and 12,477,781 issued and outstanding at September 30, 2018 and December 31, 2017, respectively 2,552 1,248
Additional paid-in capital 104,530,234 97,113,723
Accumulated other comprehensive loss (450,719) (450,734)
Accumulated deficit (97,696,039) (89,276,117)
Total stockholders' equity 6,386,028 7,388,121
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,859,423 $ 15,058,221