Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 479,000 $ 1,153,000
Prepaid expenses and other current assets 96,000 34,000
Total current assets 575,000 1,187,000
Property and equipment, net of accumulated depreciation of $80,000 and $73,000 at December 31, 2019 and 2018, respectively 23,000 24,000
Other assets 2,000 2,000
Total assets 600,000 1,213,000
Current liabilities:    
Accounts payable-license agreements 1,255,000 1,073,000
Accounts payable and accrued expenses 557,000 658,000
Accrued expenses-related parties 7,000 55,000
Convertible notes payable, net of discounts of $153,000 and $1,100,000 at December 31, 2019 and 2018, respectively 1,050,000 909,000
Total current liabilities 2,869,000 2,695,000
Commitments and contingencies
Stockholders' deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 310,111,536 and 256,123,515 shares issued and outstanding at December 31, 2019 and 2018, respectively 310,111 256,123
Additional paid-in capital 116,209,889 111,429,877
Accumulated deficit (118,789,000) (113,168,000)
Total stockholders' deficit (2,269,000) (1,482,000)
Total liabilities and stockholders' deficit $ 600,000 $ 1,213,000