Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Operations

v3.8.0.1
Consolidated Statement of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Details    
REVENUES: $ 0 $ 0
COSTS AND EXPENSES:    
General and Administrative 2,127,979 832,239
Professional Fees and Consulting Expense 1,820,985 1,869,234
Research and Development 2,381,222 788,971
Total Costs and Expenses 6,330,186 3,490,444
LOSS FROM OPERATIONS (6,330,186) (3,490,444)
OTHER INCOME (EXPENSE):    
Loss on Extinguishment of Debt (406,482) 0
Other Income 7,394 0
Amortization of Bond Discount (574,716) (1,376,182)
Amortization of Deferred Finance Costs (690,079) (26,813)
Financing Costs (216,000) (108,000)
Finance Costs Paid in Stocks and Warrants (144,000) (72,000)
Interest Expense, Related Parties (1,544,405) (950,698)
Interest Expense (139,900) (35,490)
Total Other Income (Expense) (3,708,188) (2,569,183)
NET INCOME (LOSS) $ (10,038,374) $ (6,059,627)
BASIC AND DILUTED LOSS PER SHARE $ (0.07) $ (0.05)
WEIGHTED AVERAGE BASIC AND DILUTED SHARES OUTSTANDING 139,243,126 133,844,254