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CONDENSED CONSOLIDATED BALANCE SHEETS - EUR (€)
€ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash € 401 € 571
Accounts receivable 58 15
Prepaid expenses 138 87
Total current assets 597 673
Rent deposit 10 10
Property and equipment, net of accumulated depreciation of ?483 at September 30, 2022 and ?474 at December 31, 2021 30 39
Right-of-Use Asset 159 239
Goodwill 6,671 6,671
Total 7,467 7,632
Current Liabilities    
Accounts payable 48 47
Operating Lease Liability 106 110
Non-convertible notes payable and related accrued interest to related parties 10,151 8,790
Convertible notes payable and related accrued interest to related parties 60,915 58,479
Total current liabilities 71,220 67,426
Long Term Liabilities    
Debt-Principal Payable to the Federal Financing Bank 176 162
Operating lease liability1 57 130
Total long-term liabilities 233 292
Total liabilities 71,453 67,718
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 September 30, 2022 and at December 31, 2021 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 (101,648) (97,750)
Accumulated other comprehensive income 689 691
Total shareholders' deficit (63,986) (60,086)
Total liabilities and shareholders' deficit € 7,467 € 7,632