v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 33,000 $ 6,000
Prepaid expenses 47,000 49,000
Total current assets 80,000 55,000
Total assets 80,000 55,000
Current liabilities:    
Accounts payable - license agreements - past due 3,167,000 3,167,000
Accounts payable and accrued expenses 1,493,000 1,416,000
Convertible notes payable, net of discounts of $0 and $16,000 respectively; includes $1,209,000 and $1,116,000, respectively, in default 1,209,000 1,351,000
Total current liabilities 5,869,000 5,934,000
Total liabilities 5,869,000 5,934,000
Commitments and contingencies  
Stockholders’ deficit    
Common stock, $.001 par value: 750,000,000 shares authorized, 550,786,275 and 543,350,596 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 550,786 543,351
Additional paid-in capital 137,046,214 136,182,649
Accumulated deficit (143,386,000) (142,605,000)
Total stockholders’ deficit (5,789,000) (5,879,000)
Total liabilities and stockholders’ deficit $ 80,000 $ 55,000

Source

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