Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 114,000 $ 52,000
Prepaid expenses and other current assets 14,000 46,000
Total current assets 128,000 98,000
Property and equipment, net 9,000 16,000
Operating lease right of use asset 143,000 0
Total assets 280,000 114,000
Current liabilities:    
Accounts payable-license agreements-past due 1,726,000 1,491,000
Accounts payable and accrued expenses 930,000 700,000
Accrued expenses-related parties 0 95,000
Convertible notes payable, net of discounts of $86,000 and $83,000, respectively: including $1,333,000 and $1,128,000, respectively, in default 1,503,000 1,183,000
PPP Loan payable 150,000 152,000
Operating lease liabilities 38,000 0
Total current liabilities 4,347,000 3,621,000
Operating lease liabilities, net of current portion 106,000 0
Total liabilities 4,453,000 3,621,000
Commitments and contingencies 0 0
Stockholders’ deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 355,300,222 and 323,181,243 shares issued and outstanding at December 31, 2021 and 2020, respectively 355,301 323,182
Additional paid-in capital 118,065,699 117,373,818
Accumulated deficit (122,594,000) (121,204,000)
Total stockholders’ deficit (4,173,000) (3,507,000)
Total liabilities and stockholders’ deficit $ 280,000 $ 114,000