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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 66,046 $ 193,198
Accounts receivable 103,914 193,094
Prepaid expenses and other assets 39,768 50,530
Income taxes refundable 35,399 35,399
Loan receivable from Emergence Global Enterprises Inc. - related party 0 0
Total current assets 245,127 472,221
Other assets    
Operating lease right-of-use assets 111,853 138,103
Other receivable 5,338 0
Note receivable - CEN Biotech Ukraine LLC - related party 44,859 44,859
Advances to CEN Biotech Ukraine LLC - related party 1,299,328 1,299,328
Property and equipment, net 77,399 97,403
Deferred income taxes (2,720) (2,720)
Intangible assets, net (4,972,976) (5,072,031)
Goodwill 1,314,134 1,314,134
Total assets 8,073,734 8,440,799
Current liabilities    
Accounts payable 396,303 440,332
Accounts payable – related parties 75,561 101,422
Loans payable 1,688,793 1,688,793
Loans payable – related parties 2,701,641 2,701,641
Convertible notes payable, net of unamortized discount 713,330 643,330
Convertible notes payable, net of unamortized discount - related parties 162,639 162,639
Accrued interest 1,427,791 1,361,689
Accrued interest – related parties 1,977,812 1,873,455
Operating lease liabilities 115,709 103,908
Governmental assistance payable 145,333 145,333
Accrued expenses 322,158 638,073
Total current liabilities 9,727,070 9,860,615
Operating lease liabilities, less current portion 174,082 206,763
CEBA loan payable 31,552 31,552
Total liabilities 9,932,704 10,098,930
Commitments and contingencies (Notes 4, 11, 12, 18, 19, 24, and 25)
Shareholders’ deficit    
Common stock; unlimited authorized shares; 61,804,729 and 55,957,743 issued and outstanding as of June 30, 2022, and December 31, 2021, respectively. No par value. 0 0
Additional paid-in capital 44,746,286 44,339,973
Accumulated deficit (46,569,501) (45,964,183)
Accumulated other comprehensive loss (35,755) (33,921)
Total shareholders’ deficit (1,858,970) (1,658,131)
Total liabilities and shareholders’ deficit $ 8,073,734 $ 8,440,799