Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 924,000 $ 1,153,000
Prepaid expenses and other current assets 490,000 34,000
Total current assets 1,414,000 1,187,000
Property and equipment, net of accumulated depreciation of $74,000 and $73,000 at March 31, 2019 and December 31, 2018, respectively 23,000 24,000
Other assets 2,000 2,000
Total assets 1,439,000 1,213,000
Current liabilities:    
Accounts payable-license agreements 1,141,000 1,073,000
Accounts payable and accrued expenses 558,000 658,000
Accrued expenses and accounts payable-related parties 25,000 55,000
Convertible debentures, net of discounts of $221,000 and $1,100,000 at March 31, 2019 and December 31, 2018, respectively 704,000 909,000
Total current liabilities 2,428,000 2,695,000
Commitments and contingencies
Stockholders' deficit    
Common stock, $.001 par value: 500,000,000 shares authorized, 294,805,488 and 256,123,515 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 294,805 256,123
Additional paid-in capital 114,166,195 111,429,877
Accumulated deficit (115,450,000) (113,168,000)
Total stockholders' deficit (989,000) (1,482,000)
Total liabilities and stockholders' deficit $ 1,439,000 $ 1,213,000