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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 170,219 $ 84,978
Other receivables 463,906 222,562
Note receivable - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 875,328 775,328
Property, plant and improvements, net 1,441,220 1,445,415
Deferred lease expense 176,482 217,210
Intangible assets, net 5,911,974 6,230,583
Total assets 9,083,988 9,020,935
Current liabilities    
Accounts payable 219,692 104,828
Loans payable 10,122,412 9,981,883
Loans payable – related parties 1,062,727 838,923
Convertible notes payable 3,183,695 1,461,979
Convertible notes payable – related parties 1,098,000 2,210,313
Accrued interest 6,294,219 4,540,692
Accrued interest – related parties 858,965 592,901
Accrued expenses 371,177 295,874
Total current liabilities 23,210,887 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 1,664,765 2,208,193
Convertible notes payable – related parties, less current portion 1,612,313 500,000
Total liabilities 27,407,965 28,035,586
Commitments and contingencies
Shareholders’ deficit    
Common stock; unlimited authorized shares; 25,418,243 and 25,131,843 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively. No par value.
Additional paid-in capital 14,169,809 9,110,041
Accumulated deficit (32,493,786) (28,124,692)
Total shareholders’ deficit (18,323,977) (19,014,651)
Total liabilities and shareholders’ deficit $ 9,083,988 $ 9,020,935