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CONDENSED CONSOLIDATED BALANCE SHEETS - EUR (€)
€ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash € 335 € 313
Accounts receivable 86 62
Prepaid expenses 93 106
Total current assets 514 481
Rent deposit 10 10
Property and equipment, net of accumulated depreciation of E478 at March 31, 2023 and E475 at December 31, 2022 23 26
Right-of-Use Asset 106 133
Goodwill 6,671 6,671
Total Assets 7,324 7,321
Current Liabilities    
Accounts payable 971 213
Deferred revenue (Grant) 0 7
Operating lease liability 106 106
Non-convertible notes payable and related accrued interest to related parties 11,024 10,461
Convertible notes payable and related accrued interest to related parties 61,821 61,243
Total current liabilities 73,922 72,030
Long Term Liabilities    
Debt-Federal Financing Bank 155 156
Operating lease liability 4 31
Total long-term liabilities 159 187
Total liabilities 74,081 72,217
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 March 31, 2023 and at December 31, 2022 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 (104,416) (102,555)
Accumulated other comprehensive income 686 686
Total shareholders' deficit (66,757) (64,896)
Total liabilities and shareholders' deficit € 7,324 € 7,321