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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (2,557,531) $ (2,259,636)
Adjustments to reconcile net loss to net cash used inoperating activities    
Depreciation expense 347 148
Stock based compensation 1,130,071 888,281
Change in fair value of the derivative liability 250,241 (91,032)
Gain on sale of marketable securities (4,047) (766)
Modification of warrants 99,782
Changes in operating assets and liabilities    
Prepaid expenses 11,143 (34,125)
Accounts payable and accrued expenses 98,588 17,259
NET CASH USED IN OPERATING ACTIVITIES (1,071,188) (1,380,089)
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES    
Sale of marketable securities 3,790,000 2,145,000
Purchase of marketable securities (2,744,338) (3,431,414)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,045,662 (1,286,414)
Effect of exchange rate on cash and cash equivalents (11,675) (34,208)
NET DECREASE IN CASH AND CASH EQUIVALENTS (37,201) (2,700,711)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 399,687 3,100,398
CASH AND CASH EQUIVALENTS, END OF PERIOD 362,486 399,687
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest expense
Cash paid for income taxes
NONCASH TRANSACTIONS    
Unrealized (gain) loss on marketable securities $ (6,250) $ 1,427