XML 19 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net gain/ (loss) $ 1,754,315 $ (2,746,968)
Adjustments to reconcile net (loss) to net cash (used in) operating activities    
Fair value of stock options issued 415,383 1,041,264
Fair value for warrants issued 1,211,403 1,215,240
Fair value of shares issued for services 99,372
Realized gain on sale of marketable securities (4,692,990) (326,153)
Accounts payable and accrued expenses (693,580) 267,984
Due from/to related party 15,998 (21,051)
Net cash (used in) operating activities (1,890,099) (569,684)
Cash flows from investing activities    
Cash received from sale of marketable securities 4,692,990 326,153
Cash provided from investing activities 4,692,990 326,153
Cash flows from financing activities    
Proceeds from exercise of warrants 875,000 292,800
Issuance of common stock as payment for services rendered 25,582
Net cash provided by financing activities 875,000 318,382
Net increase/(decrease) in cash and cash equivalents 3,677,891 74,851
Cash and cash equivalents, including restricted, beginning of period 168,229 93,378
Cash and cash equivalents, including restricted, end of period 3,846,120 168,229
Supplemental disclosure of cash flow information:    
Interest
Income taxes