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CONDENSED CONSOLIDATED BALANCE SHEETS - EUR (€)
€ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash € 402 € 313
Accounts receivable 42 62
Prepaid expenses 49 106
Total current assets 493 481
Rent deposit 10 10
Property and equipment, net of accumulated depreciation of ?498 at June 30, 2023 and ?475 at December 31, 2022 3 26
Right-of-Use Asset 27 133
Goodwill 0 6,671
Total assets 533 7,321
Current Liabilities    
Accounts payable 659 213
Deferred revenue 0 7
Operating Lease Liability 28 106
Non-convertible notes payable and related accrued interest to related parties 11,695 10,461
Convertible notes payable and related accrued interest to related parties 62,458 61,243
Total current liabilities 74,840 72,030
Long Term Liabilities    
Debt-Principal Payable to the Federal Financing Bank 144 156
Operating lease liability 0 31
Total long-term liabilities 144 187
Total liabilities 74,984 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 June 30, 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 (112,101) (102,555)
Accumulated other comprehensive income 677 686
Total shareholders' deficit (74,451) (64,896)
Total liabilities and shareholders' deficit € 533 € 7,321