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v3.20.1

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018
Operating expenses |  |
Research and development | $ 2,237,956 | $ 329,966
General and administrative | 4,394,622 | 4,362,557
Total operating expenses | 6,632,578 | 4,692,523
Operating loss | (6,632,578) | (4,692,523)
Other expense (income) |  |
Change in fair value of derivative liabilities | (9,734,759) | 6,503,174
Fair value of derivative liabilities in excess of proceeds | 322,644 | 7,174,634
Financing transaction costs |  | 137,192
Loss on extinguishment of debt - related party | 725,425 | 590,392
Interest expense | 1,000,713 | 94,763
Interest income | (26) | (84)
Total other expense (income), net | (7,686,003) | 14,500,071
Income (loss) before income taxes | 1,053,425 | (19,192,594)
Provision for income taxes | 1,600 | 1,642
Net Income (Loss) Attributable to Parent, Total | $ 1,051,825 | $ (19,194,236)
Earnings (loss) per common share: |  |
Basic | $ 0.01 | $ (0.16)
Diluted | $ (0.05) | $ (0.16)
Weighted average shares of common stock outstanding used to compute earnings (loss) per share: |  |
Basic | 135,154,931 | 121,154,334
Diluted | 169,560,265 | 121,154,334

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