XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 780 $ 1,908
Loan receivable from Emergence Global Enterprises Inc. - related party 17,901 17,901
Total current assets 18,681 19,809
Other assets    
Other receivable 71,269 113,999
Note receivable - CEN Biotech Ukraine LLC - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 1,229,328 1,179,328
Intangible assets, net 4,849,944 4,956,147
Total assets 6,214,081 6,314,142
Current liabilities    
Accounts payable 221,001 190,716
Accounts payable – related parties 8,347 8,347
Loans payable 531,152 527,379
Loans payable – related parties 1,363,831 1,363,354
Convertible notes payable 6,763,275 6,652,448
Convertible notes payable- related parties 2,558,681 2,558,681
Accrued interest 1,237,430 1,125,034
Accrued interest – related parties 1,696,874 1,615,880
Lease liabilities 29,659 22,895
Accrued expenses 658,833 641,023
Total current liabilities 15,069,083 14,705,757
Operating lease liabilities, less current portion 140,510 142,102
Patent acquisition liability 1,380,000 1,380,000
Convertible notes, less current portion 88,000 78,000
Total liabilities 16,677,593 16,305,859
Shareholders’ deficit    
Common stock; unlimited authorized shares; 27,610,732 and 27,557,363 issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. No par value.
Additional paid-in capital 17,220,050 17,068,810
Accumulated deficit (27,683,562) (27,060,527)
Total shareholders’ deficit (10,463,512) (9,991,717)
Total liabilities and shareholders’ deficit $ 6,214,081 $ 6,314,142