General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Current Assets      
Cash and cash equivalents $ 142,277 $ 691,536 $ 1,740,961
Due from related party 27,996 21,583
Prepaid expenses and other 186,252 315,605 257,832
Total Current Assets 356,525 1,007,141 2,020,376
Property and Equipment      
Software 19,740 19,740 19,740
Office equipment 9,327 9,327 9,327
Total Cost 29,067 29,067 29,067
Less: accumulated depreciation 22,249 20,137 11,692
Property and equipment, net 6,818 8,930 17,375
Other Assets      
Operating lease right-of-use assets, net of accumulated amortization 199,526 219,074
Intangible assets, net of accumulated amortization 9,443,622 9,642,454 10,437,782
Security deposit 5,535 5,535 5,535
Total Other Assets 9,648,683 9,867,063 10,443,317
Total Assets 10,012,026 10,883,134 12,481,068
Current Liabilities      
Senior convertible notes, net of debt issuance costs 803,573 802,503 230,000
Current maturities of operating lease liability 78,013 77,992
Accrued interest 38,002 21,902 20,343
Accounts payable 93,216 75,612 292,102
Due to related parties 316
Accrued expenses 233,498 213,239 103,259
Total Current Liabilities 1,246,302 1,191,564 645,704
Non-current Liabilities      
Non-current operating lease liability 128,152 147,390
Net deferred tax liability 1,403,501 1,531,630 2,134,346
Total Liabilities 2,777,955 2,870,584 2,780,050
Commitments and Contingencies
Stockholders' Equity      
Common stock, par value $0.0001, 100,000,000 shares authorized; 5,486,476 issued and outstanding at both March 31, 2020 and December 31, 2019 and 5,525,009 issued and outstanding at December 31, 2018, respectively 549 549 552
Additional paid-in capital 19,089,865 18,994,008 19,124,600
Common stock deemed dividend payable: 28,971 shares at par value 3 3
Stock subscription receivable   (1,800,000)
Accumulated deficit (11,856,346) (10,982,010) (7,624,134)
Total Stockholders' Equity 7,234,071 8,012,550 9,701,018
Total Liabilities and Stockholders' Equity $ 10,012,026 $ 10,883,134 $ 12,481,068