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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING AND ADMINISTRATIVE EXPENSES        
Research and development $ 52,008 $ 125,264 $ 117,967 $ 260,675
General and administrative 436,935 380,000 891,712 898,604
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES 488,943 505,264 1,009,679 1,159,279
LOSS FROM OPERATIONS (488,943) (505,264) (1,009,679) (1,159,279)
OTHER (EXPENSE) INCOME        
Interest income 93 260 477 1,206
Interest expense (54,944) (93,930)
Realized gain on marketable securities 4,435
Change in fair value of derivative liability (23,560) 226,498 37,189 275,900
TOTAL OTHER INCOME (EXPENSES) (78,411) 226,758 (56,264) 281,541
LOSS BEFORE TAX (567,354) (278,506) (1,065,943) (877,738)
INCOME TAX EXPENSE
NET LOSS (567,354) (278,506) (1,065,943) (877,738)
Other Comprehensive Loss - net of tax        
Foreign exchange translation income (loss) 1,084 291 (1,335) (7,378)
TOTAL COMPREHENSIVE LOSS $ (566,270) $ (278,215) $ (1,067,278) $ (885,116)
Net loss per common share - Basic and Diluted $ (0.06) $ (0.03) $ (0.10) $ (0.09)
Weighted average common shares - Basic and Diluted 10,261,419 10,261,419 10,261,419 10,261,419