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CONSOLIDATED BALANCE SHEETS (UNAUDITED)
€ in Thousands
Jun. 30, 2021
USD ($)
Jun. 30, 2021
EUR (€)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
EUR (€)
Current Assets        
Cash $ 268,000   $ 1,083,000  
Accounts receivable 56,000   71,000  
Prepaid expenses 35,000   85,000  
Total current assets | €   € 359   € 1,239
Rent deposit 10,000   10,000  
Property and equipment, net of accumulated depreciation of ?458 at June 30, 2021 and ?463 at December 31, 2020 49,000   48,000  
Right-of-Use Asset 77,000   128,000  
Goodwill 6,671,000   6,671,000  
Total assets | €   7,166   8,096
Current Liabilities        
Accounts payable 56,000   70,000  
Deferred revenue 36,000   0  
Operating Lease Liability 80,000   105,000  
Non-convertible notes payable and related accrued interest to related parties 7,490,000   7,402,000  
Convertible notes payable and related accrued interest to related parties 57,058,000   55,688,000  
Total current liabilities | €   64,720   63,265
Long Term Liabilities        
Debt-Principal Payable to the Federal Financing Bank 153,000   156,000  
Operating lease liability 0   27,000  
Total long-term liabilities | €   153   183
Total liabilities | €   64,873   63,448
Commitments and Contingencies (Note 3) 0   0  
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, 2021 and at December 31, 2020 2,530,000   2,530,000  
Preferred stock, U.S. $0.01 par value; 5,000,000 shares authorized; none-issued or outstanding 0   0  
Additional paid-in capital 34,443,000   34,443,000  
Accumulated deficit (95,368,000)   (93,020,000)  
Accumulated other comprehensive income 688,000   695,000  
Total shareholders' deficit $ (57,707,000) (57,707) $ (55,352,000) (55,352)
Total liabilities and shareholders' deficit | €   € 7,166   € 8,096