Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 1,153,000 $ 204,000
Prepaid expenses and other current assets 34,000 38,000
Total current assets 1,187,000 242,000
Property and equipment, net of accumulated depreciation of $73,000 and $51,000 at December 31, 2018 and 2017, respectively 24,000 46,000
Other assets 2,000 2,000
Total assets 1,213,000 290,000
Current liabilities:    
Accounts payable-license agreements 1,073,000 852,000
Accounts payable and accrued expenses 658,000 748,000
Accrued expenses 55,000 31,000
Convertible debentures, net of discounts of $1,100,000 and $47,000 at December 31, 2018 and 2017, respectively 909,000 533,000
Total current liabilities 2,695,000 2,164,000
Commitments and contingencies
Stockholders' deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 256,123,515 and 234,076,907 shares issued and outstanding at December 31, 2018 and 2017, respectively 256,123 234,077
Additional paid-in capital 111,429,877 108,000,923
Accumulated deficit (113,168,000) (110,109,000)
Total stockholders' deficit (1,482,000) (1,874,000)
Total liabilities and stockholders' deficit $ 1,213,000 $ 290,000