XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 252 $ 3,757
Property, plant and improvements    
Property and equipment, net 148,125
Other assets    
Operating lease right-of-use assets 229,284
Other receivable 279,866 424,110
Note receivable - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 1,170,328 1,065,328
Intangible assets, net 5,062,350 5,380,959
Total assets 6,557,655 7,296,422
Current liabilities    
Accounts payable 211,294 181,266
Accounts payable – related parties 8,347
Loans payable 10,113,634 10,121,411
Loans payable – related parties 1,361,618 1,362,600
Convertible notes payable 6,293,650 5,185,412
Convertible notes payable- related parties 2,558,681 2,538,681
Accrued interest 11,917,412 9,585,055
Accrued interest – related parties 1,527,313 1,274,899
Lease liabilities 15,750 44,361
Accrued expenses 609,823 574,723
Total current liabilities 34,617,522 30,868,408
Lease liabilities, less current portion 138,754 184,263
Patent acquisition liability 720,000 720,000
Convertible notes, less current portion 427,360 1,038,913
Convertible notes - related parties, less current portion 20,000
Total liabilities 35,903,636 32,831,584
Shareholders’ deficit    
Common stock; unlimited authorized shares; 27,512,363 issued and outstanding and 26,953,363 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively. No par value.
Additional paid-in capital 16,850,360 15,775,010
Accumulated deficit (46,196,341) (41,310,172)
Total shareholders’ deficit (29,345,981) (25,535,162)
Total liabilities and shareholders’ deficit $ 6,557,655 $ 7,296,422