v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 150,000 $ 70,000
Prepaid expenses 11,000 12,000
Total current assets 161,000 82,000
Property and equipment, net 3,000 2,000
Total assets 164,000 84,000
Current liabilities:    
Accounts payable-license agreements-past due 2,433,000 2,198,000
Accounts payable and accrued expenses 881,000 972,000
Convertible notes payable, net of discounts of $133,000 and $25,000, respectively: including $2,339,000 and $2,022,000, respectively, in default 2,524,000 2,101,000
PPP Loan payable 24,000 57,000
Total current liabilities 5,862,000 5,328,000
Total liabilities 5,862,000 5,328,000
Commitments and contingencies
Stockholders’ deficit    
Common stock, $.001 par value: 500,000,000 shares authorized, 428,424,880 and 392,586,471 shares issued and outstanding at December 31, 2024 and 2023, respectively 428,425 392,587
Additional paid-in capital 121,173,575 119,729,413
Accumulated deficit (127,300,000) (125,366,000)
Total stockholders’ deficit (5,698,000) (5,244,000)
Total liabilities and stockholders’ deficit $ 164,000 $ 84,000

Source

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