Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 147,000 $ 136,000
Prepaid expenses and other current assets 37,000 26,000
Total current assets 184,000 162,000
Property and equipment, net of accumulated depreciation of $34,000 and $32,000 at March 31, 2017 and December 31, 2016, respectively 34,000 17,000
Other assets 1,000 7,000
Total assets 219,000 186,000
Current liabilities:    
Accounts payable-license agreements 871,000 805,000
Accounts payable and accrued expenses 392,000 251,000
Accrued expenses and accounts payable-related parties 797,000 135,000
Deposits and other current liabilities 25,000 5,000
Convertible debentures, net of discounts of $135,000 and $92,000 at March 31, 2017 and December 31, 2016, respectively 420,000 348,000
Total current liabilities 2,505,000 1,544,000
Stockholders' deficit    
Common stock, $.001 par value: 300,000,000 shares authorized, 201,436,426 and 199,045,026 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 201,436 199,045
Additional paid-in capital 104,270,564 103,716,955
Accumulated deficit (106,758,000) (105,274,000)
Total stockholders' deficit (2,286,000) (1,358,000)
Total liabilities and stockholders' deficit $ 219,000 $ 186,000