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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (1,300,112) $ (1,242,777)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 4,596 4,596
Amortization 106,203 106,203
Lease expense 1,070 411
Stock-based compensation - employees 196,650 167,400
Non-cash interest expense 794,680 701,885
Non-cash interest expense – related parties 105,451 113,214
Foreign exchange loss (gain) (128,710) 24,494
Changes in operating assets and liabilities    
Other receivable (2,054) 1,001
Accounts payable 2,466 (957)
Accounts payable – related parties 8,347
Accrued expenses 31,200 44,055
Net cash used in operating activities (180,213) (80,475)
Cash flows from investing activities    
Advances to CEN Biotech Ukraine LLC (30,000)
Cash flows from financing activities    
Issuance of convertible notes 178,000 147,034
Net increase (decrease) in cash and cash equivalents (2,213) 36,559
Cash and cash equivalents, beginning of year 3,757 3,193
Cash and cash equivalents, end of year $ 1,544 $ 39,752