Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 10,803,398 $ 137,862
Prepaid Expenses 132,085 29,953
Total Current Assets 10,935,483 167,815
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS    
Right of Use Asset, net 33,107 49,364
Deposits 3,000 3,000
Total Other Assets 36,107 52,364
TOTAL ASSETS 10,971,590 220,179
CURRENT LIABILITIES:    
Accounts Payable 728,814 1,559,627
Loans Payable, Related Parties 0 9,000
Convertible Debentures Payable 240,000 5,180,342
Deferred R&D Obligations - Participation Agreements 1,681,004 1,936,800
Accrued Interest 95,282 2,464,724
Lease Liability, current portion 21,064 29,172
Accrued Liabilities - Other 431,397 214,250
Total Current Liabilities 3,197,561 11,393,915
LONG-TERM LIABILITIES:    
Note -Payable - SBA Paycheck Protection Loan 0 121,700
Lease Liability, long term portion 3,400 15,178
Total Long-Term Liabilities 3,400 136,878
TOTAL LIABILITIES 3,200,961 11,530,793
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.001 par value, 150,000,000 and 1,200,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 9,417,160 and 5,162,945 issued and outstanding at September 30, 2021, and December 31, 2020. 9,417 5,163
Additional Paid-In Capital 112,473,855 87,747,898
Accumulated deficit (104,712,643) (99,063,675)
Total Stockholders' Equity (Deficit) 7,770,629 (11,310,614)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 10,971,590 $ 220,179