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Investment in Hoth Therapeutics, Inc
9 Months Ended
Sep. 30, 2018
Investment In Hoth Therapeutics Inc  
Investment in Hoth Therapeutics, Inc.

Note 4. Investment in Hoth Therapeutics, Inc.

  

On June 30, 2017 (the “Closing Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Hoth Therapeutics, Inc., a Nevada corporation (“Hoth”), for the purchase of an aggregate of 6,800,000 shares of common stock, par value $0.0001 (the “Shares”), of Hoth, for a purchase price of $675,000. Company records this investment at fair value and recorded changes in fair value in the statement of operations (see Note 8).