Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 133,000 $ 114,000
Prepaid expenses and other current assets 19,000 14,000
Total current assets 152,000 128,000
Property and equipment, net 6,000 9,000
Operating lease right of use asset 0 143,000
Total assets 158,000 280,000
Current liabilities:    
Accounts payable-license agreements-past due 1,962,000 1,726,000
Accounts payable and accrued expenses 946,000 930,000
Convertible notes payable, net of discounts of $140,000 and $86,000, respectively: including $1,730,000 and $1,333,000, respectively, in default 1,865,000 1,503,000
PPP Loan payable 75,000 150,000
Operating lease liabilities 0 38,000
Total current liabilities 4,848,000 4,347,000
Operating lease liabilities, net of current portion 0 106,000
Total liabilities 4,848,000 4,453,000
Commitments and contingencies
Stockholders’ deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 376,074,096 and 355,300,222 shares issued and outstanding at December 31, 2022 and 2021, respectively 376,075 355,301
Additional paid-in capital 119,075,925 118,065,699
Accumulated deficit (124,142,000) (122,594,000)
Total stockholders’ deficit (4,690,000) (4,173,000)
Total liabilities and stockholders’ deficit $ 158,000 $ 280,000