Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 52,000 $ 479,000
Prepaid expenses and other current assets 46,000 96,000
Total current assets 98,000 575,000
Property and equipment, net of accumulated depreciation of $87,000 and $80,000 at December 31, 2020 and 2019, respectively 16,000 23,000
Other assets 0 2,000
Total assets 114,000 600,000
Current liabilities:    
Accounts payable-license agreements 1,491,000 1,255,000
Accounts payable and accrued expenses 700,000 557,000
Accrued expenses-related parties 95,000 7,000
Convertible notes payable, net of discounts of $83,000 and $153,000 at December 31, 2020 and 2019, respectively 1,183,000 1,050,000
PPP Loan payable 152,000 0
Total current liabilities 3,621,000 2,869,000
Stockholders' deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 323,181,243 and 310,111,536 shares issued and outstanding at December 31, 2020 and 2019, respectively 323,182 310,111
Additional paid-in capital 117,373,818 116,209,889
Accumulated deficit (121,204,000) (118,789,000)
Total stockholders' deficit (3,507,000) (2,269,000)
Total liabilities and stockholders' deficit $ 114,000 $ 600,000