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, 2020
Dec. 31, 2019
Current assets:    
Cash $ 274,000 $ 479,000
Prepaid expenses and other current assets 55,000 96,000
Total current assets 329,000 575,000
Property and equipment, net of accumulated depreciation of $82,000 and $80,000 at March 31, 2020 and December 31, 2019, respectively 21,000 23,000
Other assets 2,000 2,000
Total assets 352,000 600,000
Current liabilities:    
Accounts payable-license agreements 1,314,000 1,255,000
Accounts payable and accrued expenses 649,000 557,000
Accrued expenses and accounts payable-related parties 5,000 7,000
Convertible debentures, net of discounts of $86,000 and $153,000 at March 31, 2020 and December 31, 2019, respectively 983,000 1,050,000
Total current liabilities 2,951,000 2,869,000
Commitments and contingencies
Stockholders' deficit    
Common stock, $.001 par value: 500,000,000 shares authorized, 314,972,209 and 310,111,536 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 314,972 310,111
Additional paid-in capital 116,641,028 116,209,889
Accumulated deficit (119,555,000) (118,789,000)
Total stockholders' deficit (2,599,000) (2,269,000)
Total liabilities and stockholders' deficit $ 352,000 $ 600,000