Annual report pursuant to Section 13 and 15(d)

Prepaid Expenses and Other Current Assets

v3.20.1
Prepaid Expenses and Other Current Assets
12 Months Ended
Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

At December 31, 2019 and 2018, prepaid expenses and other current assets consisted of the following:

 

    December 31, 2019     December 31, 2018  
Prepaid professional fees   $ 153,478     $ 607,833  
Deferred financing costs *     311,177       -  
Prepaid research and development service fees     -       300,000  
Prepaid insurance expense     4,990       72,352  
Prepaid dues and subscriptions     9,665       70,000  
Other     58,160       109,284  
    $ 537,470     $ 1,159,469  

 

* Deferred financing costs consist of legal, accounting and other costs that are directly related to the Company's open market sale equity financing and will be charged to stockholders' equity upon the completion of the equity offering.