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CONSOLIDATED BALANCE SHEETS
€ in Thousands, $ in Thousands
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Current Assets    
Cash $ 571 $ 1,083
Accounts Receivable 15 71
Prepaid expenses 87 85
Total current assets 673 1,239
Rent deposit 10 10
Property and equipment, net of accumulated depreciation of E473 and E463 at December 31, 2021 and 2020, respectively 39 48
Right-of-Use Asset 239 128
Goodwill 6,671 6,671
Total assets 7,632 8,096
Current Liabilities    
Accounts payable 47 70
Operating Lease Liability 110 105
Non-convertible notes payable and related accrued interest to related parties 8,790 7,402
Convertible notes payable and related accrued interest to related parties 58,479 55,688
Total current liabilities 67,426 63,265
Long Term Liabilities    
DEBT- Federal Financing Bank 162 156
Operating lease liability 130 27
Total long-term liabilities 292 183
Total liabilities 67,718 63,448
Commitments and Contingencies (Note 6) 0 0
Shareholders' Deficit    
Common stock, U.S. $.01 par value; 1,200,000,000 shares authorized at December 31, 2021 and December 2020; issued and outstanding 303,757,622 at December 31, 2021 and 2020 2,530 2,530
Preferred stock, U.S. $.01 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 34,443 34,443
Accumulated deficit (97,750) (93,020)
Accumulated other comprehensive income 691 695
Total shareholders' deficit (60,086) (55,352)
Total liabilities and shareholders' deficit $ 7,632 $ 8,096