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Consolidated Statements of Shareholders' Equity - USD ($)
Common Stock [Member]
Common Stock Subscribed [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2016 83,964,569        
Balance at Dec. 31, 2016 $ 10,189,973 $ 1,205,456 $ (7,561,028) $ 3,834,401
Stock issuance for services (in shares) [1],[2] 155,927        
Stock issuance for services $ 275,131 [1],[2] 275,131
Stock-based compensation 849,679 849,679
Stock issuance for financing, net of cost (in shares) [3],[4] 4,405,373        
Stock issuance for financing, net of cost $ 6,513,424 [3],[4] $ 6,513,424
Stock issued due to exercise of options (in shares) 1,700,000       1,700,000
Stock issued due to exercise of options $ 1,266,131 (286,609) $ 979,522
Net loss (8,065,072) (8,065,072)
Balance (in shares) at Dec. 31, 2017 90,225,869        
Balance at Dec. 31, 2017 $ 18,244,659 1,768,526 (15,626,100) 4,387,085
Common Stock, Value, Subscriptions        
Stock issuance for services (in shares) [5],[6] 3,207,506        
Stock issuance for services $ 5,651,671 [5],[6] 5,651,671
Stock-based compensation 7,288 7,288
Stock issuance for financing, net of cost (in shares) [7] 1,861,627        
Stock issuance for financing, net of cost $ 3,944,336 [7] $ 3,944,336
Stock issued due to exercise of options (in shares) 2,303,896       2,303,896
Stock issued due to exercise of options $ 2,569,982 (535,675) $ 2,034,307
Net loss (16,647,687) (16,647,687)
Balance (in shares) at Dec. 31, 2018 97,598,898        
Balance at Dec. 31, 2018 $ 30,410,648 4,280,000 1,240,139 (32,273,787) 3,657,000
Common Stock, Value, Subscriptions $ 4,280,000 $ 4,280,000
[1] On December 22, 2017, the Company issued 112,314 common shares in accordance with a License and Supply Agreement with Celsee, Inc. and recognized $230,131 as a research and development expense in the consolidated statements of operations and comprehensive loss.
[2] On March 14, 2017, the Company settled $50,000 of amounts due to a vendor by issuing 43,613 common shares valued at $45,000 at the date of issuance. The Company recorded a $5,000 gain on the settlement of liabilities.
[3] On April 7, 2017, the Company issued 2,902,682 common shares for gross proceeds of $3,250,000. The Company recorded $32,754 of share issuance costs as an offset to capital stock.
[4] On July 28, 2017, the Company issued 1,502,691 common shares for gross proceeds of $3,320,000. The Company recorded $23,822 of share issuance costs as an offset to capital stock.
[5] On May 10, 2018, the Company issued 641,717 common shares in accordance with a Development, Commercialization and Exclusive Distribution Agreement with Seraph Biosciences, Inc. and recognized $1,238,513 as a research and development expense in the consolidated statements of operations and comprehensive loss.
[6] On November 26, 2018, the Company issued 2,565,789 common shares in accordance with a Development and Supply Agreement with Qorvo Biotechnologies, LLC and recognized $4,413,158 as a research and development expense in the consolidated statements of operations and comprehensive loss.
[7] On May 15, 2018, the Company issued 255,815 common shares for gross proceeds of $550,000. On June 28, 2018, the Company issued 1,605,812 common shares for gross proceeds of $3,452,496. The Company recorded $58,160 of share issuance costs as an offset to capital stock.