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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 3,193 $ 84,978
Property, plant and improvements    
Property and equipment, net 166,509 14,576
Improvements in process 1,430,839
Other assets    
Other receivable 418,905 222,562
Note receivable - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 875,328 775,328
Deferred lease expense 217,210
Intangible assets, net 5,805,771 6,230,583
Total assets 7,314,565 9,020,935
Current liabilities    
Accounts payable 206,521 92,842
Accounts payable – related parties 11,986
Loans payable 10,107,205 9,981,883
Loans payable – related parties 1,360,806 838,923
Convertible notes payable 3,597,760 1,461,979
Convertible notes payable- related parties 926,368 2,210,313
Accrued interest 6,860,494 4,540,692
Accrued interest – related parties 946,227 592,901
Accrued expenses 402,377 295,874
Total current liabilities 24,407,758 20,027,393
Patent acquisition liability 1,010,000 5,000,000
Loans payable – related parties, less current portion 300,000
Convertible notes, less current portion 1,545,887 2,208,193
Convertible notes - related parties, less current portion 1,612,313 500,000
Total liabilities 28,575,958 28,035,586
Commitments and contingencies
Shareholders’ deficit    
Common stock; unlimited authorized shares; 25,473,363 and 25,131,843 issued and outstanding as of December 31, 2018 and 2017, respectively. No par value.
Additional paid-in capital 14,393,660 9,110,041
Accumulated deficit (35,655,053) (28,124,692)
Total shareholders’ deficit (21,261,393) (19,014,651)
Total liabilities and shareholders’ deficit $ 7,314,565 $ 9,020,935