Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 137,862 $ 346,111
Prepaid Expenses 29,953 23,282
Total Current Assets 167,815 369,393
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS:    
Operating Lease - Right of Use Asset 49,364 0
Security Deposit 3,000 0
Total Other Assets 52,364 0
TOTAL ASSETS 220,179 369,393
CURRENT LIABILITIES:    
Accounts Payable 1,559,627 1,372,428
Loans Payable, Related Parties 9,000 0
Current Portion of Long-Term Operating Lease 29,172 0
Convertible Debentures Payable 5,180,342 5,280,342
Deferred Revenue - Participation Agreements 1,936,800 0
Accrued Interest 2,464,724 1,952,606
Accrued Liabilities - Other 214,250 102,500
Total Current Liabilities 11,393,915 8,707,876
LONG TERM LIABILITIES:    
Note Payable, Other 121,700 0
Long-Term Operating Lease, Net of Current Portion 15,178 0
Total Long-Term Liabilities 136,878 0
TOTAL LIABILITIES 11,530,793 8,707,876
STOCKHOLDERS' DEFICIT:    
Common Stock, Value, Issued 413,036 396,737
Additional Paid-In Capital 87,340,025 81,222,726
Accumulated Deficit (99,063,675) (89,957,946)
Total Stockholders' Deficit (11,310,614) (8,338,483)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 220,179 $ 369,393