Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 327,505 $ 349,186
Prepaid expenses and other current assets 46,947 50,596
Total current assets 374,452 399,782
Property and equipment, net of accumulated depreciation of $29,059 and $60,242 at June 30, 2016 and December 31, 2015, respectively 20,060 21,798
Other assets 7,180 6,480
Total assets 401,692 428,060
Current liabilities:    
Accounts payable-license agreements 683,751 590,001
Accounts payable and accrued expenses 221,221 182,334
Accrued expenses and accounts payable-related parties 159,171 190,750
Deposits and other current liabilities 104,500 25,000
Convertible debentures, net of discounts of $173,751 and $100,833 at June 30, 2016 and December 31, 2015, respectively 250,032 222,195
Total current liabilities 1,418,675 1,210,280
Commitments and contingencies
Stockholder's deficit    
Common stock, $.001 par value: 300,000,000 shares authorized 193,082,026 and 183,831,577 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 193,082 183,832
Additional paid-in capital 102,408,579 100,308,100
Accumulated deficit (103,618,644) (101,274,152)
Total stockholders' deficit (1,016,983) (782,220)
Total liabilities and stockholders' deficit $ 401,692 $ 428,060