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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 598 $ 3,193
Property, plant and improvements    
Property and equipment, net 152,721 166,509
Other assets    
Operating lease right-of-use assets 236,307
Other receivable 422,034 418,905
Note receivable – related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC – related party 1,035,328 875,328
Intangible asset, net 5,487,162 5,805,771
Total assets 7,379,009 7,314,565
Current liabilities    
Accounts payable 208,789 206,521
Loans payable 10,115,713 10,107,205
Loans payable – related parties 1,361,881 1,360,806
Convertible notes payable 4,823,238 3,597,760
Convertible notes payable – related parties 2,538,681 926,368
Accrued interest 8,903,940 6,860,494
Accrued interest – related parties 1,201,729 946,227
Operating lease liabilities 42,650
Accrued expenses 526,233 402,377
Total current liabilities 29,722,854 24,407,758
Operating lease liabilities, less current portion 191,925
Patent acquisition liability 1,010,000 1,010,000
Convertible notes, less current portion 1,028,487 1,545,887
Convertible notes – related parties, less current portion 20,000 1,612,313
Total liabilities 31,973,266 28,575,958
Shareholders’ deficit    
Common stock; unlimited authorized shares; 26,858,363 and 25,473,363 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively. No par value.
Additional paid-in capital 15,486,710 14,393,660
Accumulated deficit (40,080,967) (35,655,053)
Total shareholders’ deficit (24,594,257) (21,261,393)
Total liabilities and shareholders’ deficit $ 7,379,009 $ 7,314,565