Annual report pursuant to Section 13 and 15(d)

Statements of Changes in Stockholders' Equity (Deficit)

v3.10.0.1
Statements of Changes in Stockholders' Equity (Deficit) - USD ($)
Common Stock
Additional Paid In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2016 $ 3,261 $ 9,831,491 $ (9,938,245) $ (103,493)
Balance, shares at Dec. 31, 2016 3,260,987      
Conversion from LLC to C Corporation (10,673,709) 10,673,709
Equity-based compensation 205,396 205,396
Sale of Common Stock $ 7 39,993 40,000
Sale of Common Stock, shares 7,018      
Net loss (1,139,456) (1,139,456)
Balance at Dec. 31, 2017 $ 3,268 (596,829) (403,992) (997,553)
Balance, shares at Dec. 31, 2017 3,268,005      
Equity-based compensation - stock granted for Performance Bonus Plan cancellation $ 292 1,461,253 1,461,545
Equity-based compensation - stock granted for Performance Bonus Plan cancellation, shares 292,309      
Equity-based compensation - stock and warrants granted on IPO $ 389 3,436,017 3,436,406
Equity-based consideration - stock and warrants granted on IPO, shares 388,860      
Equity-based compensation - stock option expense 251,903 251,903
Equity-based compensation - stock issuances to consultants $ 119 218,381 218,500
Equity-based compensation - stock issuances to consultants, Shares 118,750      
Senior Note Beneficial Conversion Feature 52,050 52,050
Warrants issued with senior note 222,950 222,950
Sale of Common Stock & Warrants $ 1,464 7,320,242 7,321,706
Sale of Common Stock & Warrants, shares 1,464,000      
IPO Issuance Cost (1,053,774) (1,053,774)
Stock and warrants issued in connection with debt settlements $ 442 4,131,956 4,132,398
Stock and warrants issued in connection with debt settlements, shares 442,220      
Conversion of convertible notes payable on upon IPO $ 701 544,606 545,307
Conversion of convertible notes on upon IPO, shares 700,855      
Conversion of June 2018 Senior Note $ 163 324,837 325,000
Conversion of June 2018 Senior Note, Shares 162,500      
Exercise of warrants $ 25 156,226 156,251
Exercise of warrants, Shares 25,000      
Net loss (11,631,378) (11,631,378)
Balance at Dec. 31, 2018 $ 6,863 $ 16,469,818 $ (12,035,370) $ 4,441,311
Balance, shares at Dec. 31, 2018 6,862,499