CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - EUR (€) € in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flow from Operating Activities
Net loss	€ (2,195)	€ (2,210)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	9	10
Stock compensation expense - options	0	2
Changes in operating assets and liabilities
Receivables	(19)	395
Accrued interest on convertible notes payable	1,280	1,301
Accrued interest on non-convertible notes payable	65	49
Accounts payable	(81)	(27)
Deferred revenue from grants	82	0
Other	51	(7)
Net cash used in operating activities	(808)	(487)
Cash Flows from Investing Activities
Purchase of property and equipment	(5)	0
Net cash used in investing activities	(5)	0
Cash Flows from Financing Activities
Proceeds from borrowing on line of credit with federal bank	158	0
Proceeds from issuance of non-convertible notes	1,100	600
Net cash provided by investing activities	1,258	600
Effect of foreign exchange rate on cash	7	6
Net change in cash	452	119
Cash, beginning of period	683	479
Cash, end of period	1,135	598
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	0	0
Cash paid for taxes	€ (7)	€ (10)