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CONSOLIDATED BALANCE SHEETS - EUR (€)
€ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash € 313 € 571
Accounts Receivable 62 15
Prepaid expenses 106 87
Total current assets 481 673
Rent deposit 10 10
Property and equipment, net of accumulated depreciation of E475 and E473 at December 31, 2022 and 2021, respectively 26 39
Right-of-Use Asset 133 239
Goodwill 6,671 6,671
Total Assets 7,321 7,632
Current Liabilities    
Accounts payable 213 47
Deferred revenue (Grant) 7 0
Operating Lease Liability 106 110
Non-convertible notes payable and related accrued interest to related parties 10,461 8,790
Convertible notes payable and related accrued interest to related parties 61,243 58,479
Total current liabilities 72,030 67,426
Long Term Liabilities    
DEBT- Federal Financing Bank 156 162
Operating lease liability 31 130
Total long-term liabilities 187 292
Total Liabilities 72,217 67,718
Commitments and Contingencies (Note 6) 0 0
Shareholders' Deficit    
Common stock, U.S. $0.01 par value; 1,200,000,000 shares authorized at December 31, 2022 and December 2021; issued and outstanding 303,757,622 at December 31, 2022 and 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 (102,555) (97,750)
Accumulated other comprehensive income 686 691
Total shareholders' deficit (64,896) (60,086)
Total liabilities and shareholders' deficit € 7,321 € 7,632