Annual report pursuant to Section 13 and 15(d)

Balance Sheet

v3.8.0.1
Balance Sheet - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 8,981,894 $ 2,072,611
Prepaid expenses and other current assets 149,342 22,562
Total current assets 9,131,236 2,095,173
Restricted cash 800,031 [1] 800,393 [2]
Total assets 9,931,267 2,895,566
Current liabilities:    
Accounts payable and accrued expenses 311,867 64,510
Total current liabilities 311,867 64,510
Long term liabilities 0 0
Total liabilities 311,867 64,510
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, par value of $0.001 per share, zero shares authorized at December 31, 2017, and 200,000 shares authorized at December 31, 2016; 115,894 shares issued and outstanding, aggregate liquidation preference of $34,768,140 at December 31, 2016 0 116
Common stock, par value of $0.001 per share, 40,000,000 authorized, 9,291,421 shares issued and outstanding at December 31, 2017; zero shares issued and outstanding at December 31, 2016 9,291 0
Additional paid-in capital 28,037,889 4,703,848
Accumulated deficit (18,427,780) (1,872,908)
Total stockholders’ equity 9,619,400 2,831,056
Total liabilities and stockholders’ equity $ 9,931,267 $ 2,895,566
[1] Restricted cash represents the fair value of the Company's investments in an $800,000 certificate of deposit and $31 in a money market account at December 31, 2017.
[2] Restricted cash represents the fair value of the Company's investments in an $800,000 certificate of deposit and $393 in a money market account at December 31, 2016.