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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,757 $ 3,193
Property, plant and improvements    
Property and equipment, net 148,125 166,509
Other assets    
Operating lease right-of-use assets 229,284
Other receivable 424,110 418,905
Note receivable - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 1,065,328 875,328
Intangible assets, net 5,380,959 5,805,771
Total assets 7,296,422 7,314,565
Current liabilities    
Accounts payable 181,266 206,521
Loans payable 10,121,411 10,107,205
Loans payable – related parties 1,362,600 1,360,806
Convertible notes payable 5,185,412 3,597,760
Convertible notes payable- related parties 2,538,681 926,368
Accrued interest 9,585,055 6,860,494
Accrued interest – related parties 1,274,899 946,227
Operating lease liabilities 44,361
Accrued expenses 574,723 402,377
Total current liabilities 30,868,408 24,407,758
Operating lease liabilities, less current portion 184,263
Patent acquisition liability 720,000 1,010,000
Convertible notes, less current portion 1,038,913 1,545,887
Convertible notes - related parties, less current portion 20,000 1,612,313
Total liabilities 32,831,584 28,575,958
Commitments and contingencies (Notes 4, 8, 11, 12, 16, 17, 18, 20, and 22)
Shareholders’ deficit    
Common stock; unlimited authorized shares; 26,953,363 and 25,473,363 issued and outstanding as of December 31, 2019 and 2018, respectively. No par value.
Additional paid-in capital 15,775,010 14,393,660
Accumulated deficit (41,310,172) (35,655,053)
Total shareholders’ deficit (25,535,162) (21,261,393)
Total liabilities and shareholders’ deficit $ 7,296,422 $ 7,314,565