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v3.20.1

Consolidated Balance Sheets - USD ($) | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
CURRENT ASSETS |  |
Cash | $ 798,623 | $ 362,486
Marketable securities |  | 250,388
Prepaid expenses | 43,354 | 83,399
TOTAL CURRENT ASSETS | 841,977 | 696,273
Equipment - net | 296 | 611
TOTAL ASSETS | 842,273 | 696,884
CURRENT LIABILITIES |  |
Accounts payable and accrued expenses | 865,047 | 231,688
Derivative liability | 332,222 | 676,079
TOTAL CURRENT LIABILITIES | 1,197,269 | 907,767
PIK convertible notes payable, net of debt discount | 174,821 |
PIK convertible notes payable, net of debt discount - related party | 104,549 |
TOTAL LIABILITIES | 1,476,639 | 907,767
STOCKHOLDERS' DEFICIT |  |
Preferred stock value |  |
Common stock, $.0001 par value, 100,000,000 shares authorized, 10,261,419 shares issued and outstanding at December 31, 2019, and December 31, 2018 | 1,026 | 1,026
Additional paid-in-capital | 14,687,172 | 13,357,920
Accumulated deficit | (15,150,201) | (13,399,290)
Accumulated other comprehensive loss | (172,364) | (170,540)
TOTAL STOCKHOLDERS' DEFICIT | (634,366) | (210,883)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 842,273 | 696,884
Series B Convertible Preferred Stock [Member] |  |
STOCKHOLDERS' DEFICIT |  |
Preferred stock value | $ 1 | $ 1

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