Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 70,000 $ 133,000
Prepaid expenses and other current assets 12,000 19,000
Total current assets 82,000 152,000
Property and equipment, net 2,000 6,000
Total assets 84,000 158,000
Current liabilities:    
Accounts payable-license agreements-past due 2,198,000 1,962,000
Accounts payable and accrued expenses 972,000 946,000
Convertible notes payable, net of discounts of $25,000 and $140,000, respectively: including $2,022,000 and $1,730,000, respectively, in default 2,101,000 1,865,000
PPP Loan payable 57,000 75,000
Total current liabilities 5,328,000 4,848,000
Total liabilities 5,328,000 4,848,000
Commitments and contingencies
Stockholders’ deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 392,586,471 and 376,074,096 shares issued and outstanding at December 31, 2023 and 2022, respectively 392,587 376,075
Additional paid-in capital 119,729,413 119,075,925
Accumulated deficit (125,366,000) (124,142,000)
Total stockholders’ deficit (5,244,000) (4,690,000)
Total liabilities and stockholders’ deficit $ 84,000 $ 158,000