Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 493,000 $ 204,000
Prepaid expenses and other current assets 32,000 38,000
Total current assets 525,000 242,000
Property and equipment, net of accumulated depreciation of $68,000 and $51,000 at June 30, 2018 and December 31, 2017, respectively 29,000 46,000
Other assets 2,000 2,000
Total assets 556,000 290,000
Current liabilities:    
Accounts payable-license agreements 974,000 852,000
Accounts payable and accrued expenses 735,000 748,000
Accrued expenses and accounts payable-related parties 43,000 31,000
Convertible debentures, net of discounts of $47,000 and $47,000 at June 30, 2018 and December 31, 2017, respectively 576,000 533,000
Total current liabilities 2,328,000 2,164,000
Stockholders' deficit    
Common stock, $.001 par value: 500,000,000 shares authorized, 251,448,515 and 234,076,907 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 251,448 234,077
Additional paid-in capital 109,543,552 108,000,923
Accumulated deficit (111,567,000) (110,109,000)
Total stockholders' deficit (1,772,000) (1,874,000)
Total liabilities and stockholders' deficit $ 556,000 $ 290,000