Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

v3.19.1
Stockholders' Deficit (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of stock options activity
    Total Options Outstanding     Weighted Average Remaining Term (Years)     Weighted Average Exercise Price     Weighted Average Fair Value at Issue  
Outstanding December 31, 2017     174,282       9.50       5.70       4.84  
Issued     68,900       10.00     $ 2.80     $ 2.21  
Outstanding December 31, 2018     243,182       8.93     $ 4.88     $ 4.09  
Issued     1,173,000       10.00       3.31       2.56  
Cancelled     (15,215     8.26       5.70       4.23  
Outstanding March 31, 2019     1,400,967       9.62       3.55       2.81  
Outstanding March 31, non-vested     1,293,006       9.87     $ 3.40     $ 2.62  
Schedule of black scholes valuation model to determine the fair value of the options issued
    Q1 2019   2018
Fair Value per Share    $3.01-3.39   $2.80
Expected Term     6.5 years     6.5 years
Expected Volatility     97.37-97.48%   95.77%
Risk free rate     2.32-2.51%   2.79%
Schedule of stock-based compensation expense
   

Three Months ended

March 31

 
    2019     2018  
Research and development Options Expense     43,174       -  
Total research and development expenses     43,174       -  
General and administrative Options Issuance Expense     85,976       69,161  
Stock issued to consultants     154,854       -  
Total general and administrative expenses     240,830       69,161  
Total stock-based compensation expense   $ 284,004     $ 69,161  
Schedule of activity in warrants
   

Total

Warrants

    Weighted Average Remaining Term (Years)    

Weighted

Average

Exercise

Price

    Average Intrinsic Value  
Outstanding December 31, 2017     482,555       11.20       5.51       1.38  
Issued     4,547,204       5.00       5.82       0.00  
Cancelled           NA       NA       NA  
Exercised     (25,000 )     4.59       6.25       0.06  
Outstanding December 31, 2018     5,054,759       5.07     $ 5.72       0.61  
Issued     2,133,750       5.00       4.0625       0.00  
Cancelled           NA       NA       NA  
Exercised     460,396       4.41       4.59       1.28  
Outstanding March 31, 2019     6,728,113       4.85       5.27       0.07