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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 210,270 $ 460,111
Cash in escrow 401,118 402,532
Prepaid expenses 0 28,160
Total Current Assets 611,388 890,803
Investments 500,000 500,000
Total Assets 1,111,388 1,390,803
Current Liabilities:    
Accounts payable 152,374 167,900
Accrued expenses 0 26,708
Notes payable and accrued interest 1,820,511 1,825,135
Notes payable, related party and accrued interest 131,936 120,611
Total Liabilities 2,104,821 2,140,354
Commitments and Contingencies (See Note 9)
Stockholders' Equity (Deficit):    
Preferred stock; $0.01 par value, 25,000,000 authorized shares; 20,500,000 shares designated as Series B Convertible Preferred Stock; Series B Convertible Preferred shares 6,196,858 and 16,676,942 issued and outstanding, respectively 61,969 166,769
Common Stock; $0.01 par value; 150,000,000 authorized; 78,696,461 shares issued and outstanding 786,964 786,964
Additional paid-in capital 48,876,398 48,791,598
Stock to be issued 8,600 8,600
Accumulated deficit (50,727,364) (50,503,482)
Total Stockholders' Equity (Deficit) (993,433) (749,551)
Total Liabilities and Stockholders' Equity (Deficit) $ 1,111,388 $ 1,390,803