Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 10,933,593 $ 4,450,160
Prepaid expenses 156,577 178,442
Total current assets 11,090,170 4,628,602
Property and equipment, net 53,559 44,346
Right-to-use assets, net 380,586 0
Other assets:    
Patents, net 324,397 268,796
Trademarks 1,125 850
Deposits 54,238 54,238
Total assets 11,904,075 4,996,832
Current liabilities:    
Accounts payable and accrued expenses, including $14,632 and $32,366 to related parties as of March 31, 2019 and December 31, 2018, respectively 597,006 954,655
Dividends payable 253,449 242,908
Lease liability, short term 158,836 0
Total current liabilities 1,009,291 1,197,563
Lease liability, long term 226,531 0
Total debt 1,235,822 1,197,563
Convertible Preferred Stock 475,000 475,000
Stockholders' equity    
Preferred stock 0 0
Common stock, $0.001 par value, authorized 200,000,000 shares, 20,009,985 and 16,868,783 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 20,010 16,869
Additional paid in capital 86,465,732 74,039,341
Common stock subscription 309,000 0
Accumulated deficit (76,601,489) (70,731,941)
Total stockholders' equity (deficit) 10,193,253 3,324,269
Total liabilities and stockholders' equity (deficit) $ 11,904,075 $ 4,996,832