XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 710,682 $ 283,341
Grant funds and other receivables 187,163 68,603
Prepaid expenses and other current assets 40,470 95,320
Total current assets 938,315 447,264
Property and equipment, net (Note 5) 8,618 10,606
Deposits 11,010 11,010
Total assets 957,943 468,880
Current liabilities:    
Accounts payable 91,416 152,653
Accrued expenses (Note 6) 2,076,359 1,851,040
Current portion of notes payable 182,379 12,500
Carrying value at June 30, 2020 435,711
Total current liabilities 2,785,865 2,016,193
Note payable, net of current portion 21,699 27,243
Total liabilities 2,807,564 2,043,436
Commitments (Note 9)
Stockholders’ equity (deficiency):    
Preferred Stock, $.01 par value (Note 10): Authorized shares – 10,000,000 Issued and outstanding shares – 400 and 2,486 June 30, 2020 and December 31, 2019, respectively 376,095 1,932,433
Common stock, $.001 par value: Authorized shares – 600,000,000 Issued and outstanding shares – 13,834,075 and 299,835 at June 30, 2020 and December 31, 2019, respectively 13,834 300
Additional paid-in capital 41,658,861 39,340,224
Accumulated deficit (43,898,411) (42,847,513)
Total stockholders’ equity (deficiency) (1,849,621) (1,574,556)
Total liabilities and stockholders’ equity (deficiency) $ 957,943 $ 468,880