Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 1,776,639 $ 2,847,429
Due from related party 26,684 62,709
Prepaid expenses 40,189 41,446
Total Current Assets 1,843,512 2,951,584
Property And Equipment    
Software 19,740 19,740
Equipment 9,327 9,327
Total Cost 29,067 29,067
Less: accumulated depreciation 5,358 3,246
Property and equipment, net 23,709 25,821
Other Assets    
Security deposit 5,535 5,535
Intangible asset, net of accumulated amortization 11,013,494
Total Other Assets 11,019,029 5,535
Total Assets 12,886,250 2,982,940
Current Liabilities    
Senior convertible notes, net of debt issuance costs 2,484,710 2,448,570
Accrued interest 87,293 35,693
Accounts payable 104,880 50,686
Due to related parties 436 436
Accrued expenses 170,310 64,428
Total Current Liabilities 2,847,629 2,599,813
Non-current Liabilities    
Accrued rent liability 6,642 9,963
Deferred tax liability 2,755,613
Total Liabilities 5,609,884 2,609,776
COMMITMENTS AND CONTINGENCIES - SEE NOTE
Stockholders’ Equity    
Common stock, par value $0.0001, 350,000,000 shares authorized; 35,272,626 issued and outstanding at March 31, 2018 and December 31, 2017 3,527 3,527
Preferred stock, par value $0.0001, 10,000,000 shares authorized; zero shares issued and outstanding
Additional paid-in capital 12,228,723 4,228,723
Accumulated deficit (4,955,884) (3,859,086)
Total Stockholders’ Equity 7,276,366 373,164
Total Liabilities and Stockholders’ Equity $ 12,886,250 $ 2,982,940