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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 537,198 $ 166,911
Accounts receivable 1,850,375
Other current assets 17,180 2,343
Total current assets 2,404,753 169,254
Patents, net of accumulated amortization of $1,617,762 and $1,088,280, respectively 2,754,354 2,045,618
Total assets 5,159,107 2,214,872
Current liabilities    
Accounts payable and accrued liabilities 3,362,932 338,748
Loans payable - third party 147,000 163,000
Purchase price of patents, current portion 569,386 100,000
Loan payable - related party, net of unamortized discount and debt issuance costs of $189,705 and $379,948, respectively 4,483,105 4,292,862
Accrued interest - loans payable related party 117,780 117,780
Accrued interest - loans payable third party 270,185 281,514
Derivative liability 595,000 540,000
Total current liabilities 9,545,388 5,833,904
Non-current liabilities    
Contingent funding liabilities 20,378 150,000
Purchase price of patents, net of unamortized discount of $282,503 and $105,172, respectively 1,442,497 769,829
Total liabilities 11,008,263 6,753,733
Stockholders' deficit    
Preferred stock, par value $0.00003 per share - authorized 10,000,000 shares - no shares issued and outstanding
Common stock, par value $0.00003 per share; authorized 10,000,000,000 at December 31, 2019 and 2018; shares issued and outstanding 383,038,334 at December 31, 2019 and 2018 11,491 11,491
Additional paid-in capital 14,107,782 14,107,782
Accumulated deficit (19,968,668) (18,659,892)
Total Quest Patent Research Corporation deficit (5,849,395) (4,540,619)
Non-controlling interest in subsidiary 239 1,758
Total stockholders' deficit (5,849,156) (4,538,861)
Total liabilities and stockholders' deficit $ 5,159,107 $ 2,214,872