XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUE $ 0 $ 0
OPERATING AND ADMINISTRATIVE EXPENSES        
Research and development 374,206 39,975 422,721 61,424
General and administrative 122,450 60,988 395,508 89,460
Goodwill impairment 404,169
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES 496,656 100,963 1,222,398 150,884
LOSS FROM OPERATIONS (496,656) (100,963) (1,222,398) (150,884)
OTHER (EXPENSE) INCOME        
Interest income 279 279
Interest expense - stockholder (1,767) (7,161)
Realized (loss) gain on foreign exchange transactions 543 (8,156) (6,599) 3,974
Change in fair value of derivative liability (26,887) (28,394)
TOTAL OTHER (EXPENSE) INCOME (27,832) (8,156) (41,875) 3,974
NET LOSS (524,488) (109,119) (1,264,273) (146,910)
COMPREHENSIVE LOSS        
Foreign exchange translation gain (loss) 21,868 12,815 22,292 (109)
TOTAL COMPREHENSIVE LOSS $ (502,620) $ (96,304) $ (1,241,981) $ (147,019)
Net loss per share - Basic and Diluted (in dollars per share) $ (14.93) $ (0.02) $ (0.71) $ (0.02)
Weighted average common shares - Basic and Diluted (in shares) 35,130 6,612,838 1,781,338 6,612,838