Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? DEFICIT (Unaudited)

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT (Unaudited) - USD ($)
Preferred Stock
Common Stock
Additional Paid in Capital
Accumulated Deficit
Other Accumulated Comprehensive Income (Loss)
Total
Balance at Dec. 31, 2018 $ 5,046 $ 17,491,734 $ (32,381,535) $ (14,884,755)
Balance (in Shares) at Dec. 31, 2018 50,463,732        
Balance at Mar. 31, 2019 $ 5,046 17,538,757 (38,205,260) 4,661 (20,656,796)
Balance (in Shares) at Mar. 31, 2019 50,463,732        
Stock-based compensation 47,023 47,023
Foreign currency translation gain/loss 4,661 4,661
Net loss (5,823,725) (5,823,725)
Balance at Jun. 30, 2019 $ 5,046 17,563,770 (43,305,888) 13,900 (25,723,172)
Balance (in Shares) at Jun. 30, 2019 50,463,732        
Stock-based compensation 25,013 25,013
Foreign currency translation gain/loss 9,239 9,239
Net loss (5,100,628) (5,100,628)
Balance at Sep. 30, 2019 $ 5,869 38,168,991 (48,509,547) (7,755) (10,342,442)
Balance (in Shares) at Sep. 30, 2019 58,688,485        
Stock-based compensation 840,840 840,840
Issuance of Series A in connection with private placement, net of costs $ 243 5,268,090 5,268,333
Issuance of Series A in connection with private placement, net of costs (in Shares) 2,426,000        
Issuance of Series A in connection with exchange of debt $ 580 14,496,291 14,496,871
Issuance of Series A in connection with exchange of debt (in Shares) 5,798,753        
Foreign currency translation gain/loss (21,655) (21,655)
Net loss (5,203,659) (5,203,659)
Balance at Dec. 31, 2019 $ 5,927 39,335,498 (51,771,667) (12,430,242)
Balance (in Shares) at Dec. 31, 2019 59,268,085        
Balance at Mar. 31, 2020 $ 5,927 39,511,099 (54,578,952) (15,061,926)
Balance (in Shares) at Mar. 31, 2020 59,268,085        
Stock-based compensation 25,599 25,599
Forgiveness of accrued officers’ salary 150,002 150,002
Net loss (2,807,285) (2,807,285)
Balance at Jun. 30, 2020 $ 5,927 41,392,179 (57,799,493) (16,401,387)
Balance (in Shares) at Jun. 30, 2020 59,268,085        
Stock-based compensation 1,881,080 1,881,080
Net loss (3,220,541) (3,220,541)
Balance at Sep. 30, 2020 $ 235 $ 5,939 47,374,065 (61,125,373)   (13,745,134)
Balance (in Shares) at Sep. 30, 2020 2,350,400 59,388,085        
Stock-based compensation 1,141,291 1,141,291
Issuance of Series A in connection with private placement, net of costs $ 222 4,217,747 4,217,969
Issuance of Series A in connection with private placement, net of costs (in Shares) 2,217,500        
Derivative liability (32,906) (32,906)
Issuance of Series A in connection with exchange of debt $ 13 265,766 265,779
Issuance of Series A in connection with exchange of debt (in Shares) 132,900        
Issuance in connection with extension of debt $ 12 389,988   390,000
Issuance in connection with extension of debt (in Shares)   120,000        
Net loss $ (3,325,880) $ (3,325,880)