Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,138,678 $ 1,477,089
Accounts receivable 0 1,611
Prepaid expenses 116,458 68,817
Deferred taxes 0 18,678
Total current assets 2,255,136 1,566,195
Property and equipment:    
Property and equipment 128,156 128,156
Less accumulated depreciation (125,109) (117,459)
Total property and equipment, net 3,047 10,697
Restricted cash and investments held in trust 140,580,447 138,980,353
Total assets 142,838,630 140,557,245
Current liabilities:    
Accounts payable 107,879 91,186
Accrued expenses 21,843 9,769
Income tax payable 317,125 85,722
Deferred taxes 182 0
Total current liabilities 447,029 186,677
Long term liabilities 0 0
Total liabilities 447,029 186,677
Commitments and contingencies 0 0
Redeemable non-controlling interest 140,207,547 138,870,060
Stockholders' equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized, 479,844,900 and 479,799,900 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 479,845 479,800
Additional paid-in capital 36,409,666 36,164,596
Accumulated deficit (34,705,457) (35,143,888)
Total stockholders' equity 2,184,054 1,500,508
Total liabilities, redeemable non-controlling interest and stockholders' equity $ 142,838,630 $ 140,557,245