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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,908 $ 3,757
Loan receivable from Emergence Global Enterprises Inc. - related party 17,901
Total current assets 19,809 3,757
Property, plant and improvements    
Property and equipment, net 148,125
Other assets    
Operating lease right-of-use assets 229,284
Other receivable 113,999 424,110
Note receivable - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 1,179,328 1,065,328
Intangible assets, net 4,956,147 5,380,959
Total assets 6,314,142 7,296,422
Current liabilities    
Accounts payable 190,716 181,266
Accounts payable – related parties 8,347
Loans payable 527,379 10,121,411
Loans payable – related parties 1,363,354 1,362,600
Convertible notes payable 6,652,448 5,185,412
Convertible notes payable- related parties 2,558,681 2,538,681
Accrued interest 1,125,034 9,585,055
Accrued interest – related parties 1,615,880 1,274,899
Lease liabilities 22,895 44,361
Accrued expenses 641,023 574,723
Total current liabilities 14,705,757 30,868,408
Operating lease liabilities, less current portion 142,102 184,263
Patent acquisition liability 1,380,000 720,000
Convertible notes, less current portion 78,000 1,038,913
Convertible notes - related parties, less current portion 20,000
Total liabilities 16,305,859 32,831,584
Commitments and contingencies (Notes 4, 7, 10, 11, 15, 16, 17, 19, and 21)
Shareholders’ deficit    
Common stock; unlimited authorized shares; 27,557,363 and 26,953,363 issued and outstanding as of December 31, 2020 and 2019, respectively. No par value.
Additional paid-in capital 17,068,810 15,775,010
Accumulated deficit (27,060,527) (41,310,172)
Total shareholders’ deficit (9,991,717) (25,535,162)
Total liabilities and shareholders’ deficit $ 6,314,142 $ 7,296,422