Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 136,000 $ 349,000
Prepaid expenses and other current assets 26,000 51,000
Total current assets 162,000 400,000
Property and equipment, net of accumulated depreciation of $32,000 and $60,000 at December 31, 2016 and 2015, respectively 17,000 22,000
Other assets 7,000 6,000
Total assets 186,000 428,000
Current liabilities:    
Accounts payable-license agreements 805,000 590,000
Accounts payable and accrued expenses 251,000 182,000
Accrued expenses -related parties 135,000 191,000
Deposit and other current liabilities 5,000 25,000
Convertible debentures, net of discounts of $92,000 and $101,000 at December 31, 2016 and 2015, respectively 348,000 222,000
Total current liabilities 1,544,000 1,210,000
Stockholder's deficit    
Common stock, $0.001 par value: 300,000,000 shares authorized 199,045,026 and 183,831,577 shares issued and outstanding at December 31, 2016 and 2015, respectively 199,045 183,832
Additional paid-in capital 103,716,955 100,308,168
Accumulated deficit (105,274,000) (101,274,000)
Total stockholders'deficit (1,358,000) (782,000)
Total liabilities and stockholders' deficit $ 186,000 $ 428,000