Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,303,000 $ 3,204,000
Accounts receivable, net 21,000 31,000
Other receivable 200,000
Prepaid expenses 69,000 25,000
Trading securities, at market value 32,000 59,000
Current assets of discontinued operations 4,000 50,000
Total Current Assets 1,429,000 3,569,000
Property and equipment, net 158,000 181,000
Intangible assets, net 16,000 18,000
Capitalized licensing rights, net 295,000 40,000
Other assets 5,000 5,000
Non-current assets of discontinued operations 8,000 47,000
TOTAL ASSETS 1,911,000 3,860,000
Current Liabilities:    
Accounts payable and accrued liabilities 139,000 118,000
Minimum Guaranteed Royalties Payable - current 100,000
Current liabilities of discontinued operations 37,000 58,000
Total Current Liabilities 276,000 176,000
Minimum Guaranteed Royalties Payable - non-current 25,000
Total Liabilities 301,000 176,000
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2017 and December 31, 2016; 20,000 Class E shares issued and outstanding as of June 30, 2017 and December 31, 2016 13 13
Common Stock, $0.0001 par value, 250,000,000 shares authorized 162,352,026 and 157,637,026 shares issued and outstanding as of June 30, 2017 and December 31, 2016 16,235 15,763
Additional paid-in capital 38,390,752 34,752,224
Accumulated deficit (36,797,000) (31,084,000)
Total Stockholders' Equity 1,610,000 3,684,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,911,000 3,860,000
Class A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2017 and December 31, 2016; 20,000 Class E shares issued and outstanding as of June 30, 2017 and December 31, 2016 11 11
Total Stockholders' Equity 11 11
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 11 11
Class E Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2017 and December 31, 2016; 20,000 Class E shares issued and outstanding as of June 30, 2017 and December 31, 2016 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2