Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 10,333,966 $ 4,450,160
Prepaid expenses 306,443 178,442
Total current assets 10,640,409 4,628,602
Property and equipment, net 77,746 44,346
Right-to-use assets, net 813,990 0
Other assets:    
Patents, net 374,039 268,796
Trademarks 1,125 850
Deposits 155,068 54,238
Total assets 12,062,377 4,996,832
Current liabilities:    
Accounts payable and accrued expenses, including $14,546 and $32,366 to related parties as of June 30, 2019 and December 31, 2018, respectively 942,869 954,655
Dividends payable 118,724 242,908
Lease liability, short term 352,482 0
Total current liabilities 1,414,075 1,197,563
Lease liability, long term 468,272 0
Total debt 1,882,347 1,197,563
Convertible Preferred Stock 215,000 475,000
Stockholders' equity    
Preferred stock 0 0
Common stock, $0.001 par value, authorized 200,000,000 shares, 21,151,134 and 16,868,783 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 21,151 16,869
Additional paid in capital 94,494,972 74,039,341
Accumulated deficit (84,551,093) (70,731,941)
Total stockholders' equity (deficit) 9,965,030 3,324,269
Total liabilities and stockholders' equity (deficit) $ 12,062,377 $ 4,996,832