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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 22,004 $ 84,978
Property, plant and improvements, net 1,445,816 1,445,415
Other receivables 465,120 222,562
Note receivable - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 775,328 775,328
Deferred lease expense 190,058 217,210
Intangible assets, net 6,018,177 6,230,583
Total assets 8,961,362 9,020,935
Current liabilities    
Accounts payable 171,805 104,828
Loans payable 10,117,369 9,981,883
Loans payable – related parties 1,062,090 838,923
Convertible notes payable 2,388,806 1,461,979
Convertible notes payable – related parties 1,098,000 2,210,313
Accrued interest 5,684,981 4,540,692
Accrued interest – related parties 768,997 592,901
Accrued expenses 339,977 295,874
Total current liabilities 21,632,025 20,027,393
Patent acquisition liability 620,000 5,000,000
Loans payable – related parties, less current portion 300,000 300,000
Convertible notes payable, less current portion 1,927,518 2,208,193
Convertible notes payable – related parties, less current portion 1,612,313 500,000
Total liabilities 26,091,856 28,035,586
Commitments and contingencies
Shareholders’ deficit    
Common stock; unlimited authorized shares; 25,373,243 and 25,131,843 issued and outstanding as of June 30, 2018 and December 31, 2017, respectively. No par value.
Additional paid-in capital 13,974,509 9,110,041
Accumulated deficit (31,105,003) (28,124,692)
Total shareholders’ deficit (17,130,494) (19,014,651)
Total liabilities and shareholders’ deficit $ 8,961,362 $ 9,020,935