CONSOLIDATED BALANCE SHEETS (UNAUDITED) - EUR (€) € in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current Assets
Cash	€ 1,135	€ 683
Receivables	183	164
Prepaid expenses	34	85
Total current assets	1,352	932
Property and equipment, net of accumulated depreciation of E449 at June 30, 2020 and E445 at December 31, 2019	48	52
Right-of-use asset	179	230
Goodwill	6,671	6,671
Total assets	8,250	7,885
Current Liabilities
Accounts payable	86	167
Deferred revenue	82	0
Operating lease liability	102	102
Non-convertible notes payable and related accrued interest to related parties	6,473	5,308
Convertible notes payable and related accrued interest to related parties	54,658	53,378
Total current liabilities	61,401	58,955
Long Term Liabilities
Debt - principal payable to the Federal Financing Bank	158	0
Operating lease liability	77	128
Total long-term liabilities	235	128
Total liabilities	61,636	59,083
Commitments and contingencies (Note 3)
Shareholders' Deficit
Common stock, U.S. $0.01 par value; 1,200,000,000 shares authorized; issued and outstanding 303,757,622 at June 30, 2020 and at December 31, 2019	2,530	2,530
Preferred stock, U.S. $0.01 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Additional paid-in capital	34,443	34,443
Accumulated deficit	(91,057)	(88,862)
Accumulated other comprehensive income	698	691
Total shareholders' deficit	(53,386)	(51,198)
Total liabilities and shareholders' deficit	€ 8,250	€ 7,885