Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

11. Commitments and Contingencies

Leases and Other Commitments

The Company leases certain office space in La Jolla, California under a non-cancelable operating lease, with a term through February 2022. Rent expense was $49,255 and $0 for the year ended December 31, 2018, and the period March 16, 2017 (inception) through December 31, 2017, respectively.

The future minimum lease payments required under non-cancelable leases as of December 31, 2018, are summarized as follows:

Year Ending December 31,
2019	$	57,522
2020		58,914
2021		59,192
2022		9,865
2023		-
Total minimum lease payments	$	185,493

The Company enters into service agreements with indemnification clauses in the ordinary course of business. Pursuant to such clauses, the Company indemnifies, defends, holds harmless, and agrees to reimburse the indemnified party for losses suffered or incurred by third party claims arising out of the indemnified party’sperformance of service. The Company has not incurred costs to defend lawsuits pursuant to these indemnification clauses.

Litigation

As of December 31, 2018 and 2017 there was no litigation against the Company.