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, 2020
Dec. 31, 2019
Current assets:    
Cash $ 52,000 $ 479,000
Prepaid expenses and other current assets 89,000 96,000
Total current assets 141,000 575,000
Property and equipment, net of accumulated depreciation of $85,000 and $80,000 at September 30, 2020 and December 31, 2019, respectively 18,000 23,000
Other assets 0 2,000
Total assets 159,000 600,000
Current liabilities:    
Accounts payable-license agreements 1,432,000 1,255,000
Accounts payable and accrued expenses 733,000 557,000
Accrued expenses and accounts payable-related parties 54,000 7,000
Convertible debentures, net of discounts of $47,000 and $153,000 at September 30, 2020 and December 31, 2019, respectively 1,132,000 1,050,000
PPP Loan payable 151,000 0
Total current liabilities 3,502,000 2,869,000
Stockholders' deficit    
Common stock, $.001 par value: 500,000,000 shares authorized, 321,087,910 and 310,111,536 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 321,089 310,111
Additional paid-in capital 117,167,911 116,209,889
Accumulated deficit (120,832,000) (118,789,000)
Total stockholders' deficit (3,343,000) (2,269,000)
Total liabilities and stockholders' deficit $ 159,000 $ 600,000