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Unaudited Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 551,636 $ 537,198
Accounts receivable 1,850,375
Other current assets 14,781 17,180
Total current assets 566,417 2,404,753
Patents, net of accumulated amortization of $1,756,018 and $1,617,762, respectively 2,616,098 2,754,354
Total assets 3,182,515 5,159,107
Current liabilities:    
Accounts payable and accrued liabilities 2,120,363 3,362,932
Loans payable - third party 147,000 147,000
Purchase price of patents, current portion, net of unamortized discount of $23,392 and $0 respectively 951,608 569,386
Loan payable - related party, net of unamortized discount and debt issuance costs of $131,780 and $189,705, respectively 4,541,030 4,483,105
Accrued interest - loans payable related party 116,500 117,780
Accrued interest - loans payable third party 273,860 270,185
Derivative liability 635,000 595,000
Total current liabilities 8,785,361 9,545,388
Non-current liabilities    
Contingent funding liabilities 20,378 20,378
Purchase price of patents, net of unamortized discount of $216,270 and $282,503, respectively 908,730 1,442,497
Total liabilities 9,714,469 11,008,263
Stockholders' deficit:    
Preferred stock, par value $.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 shares at March 31, 2020 and December 31, 2019; shares issued and outstanding 383,038,334 at March 31, 2020 and December 31, 2019 11,491 11,491
Additional paid-in capital 14,107,782 14,107,782
Accumulated deficit (20,651,466) (19,968,668)
Total Quest Patent Research Corporation deficit (6,532,193) (5,849,395)
Non-controlling interest in subsidiary 239 239
Total stockholders' deficit (6,531,954) (5,849,156)
Total liabilities and stockholders' deficit $ 3,182,515 $ 5,159,107