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CONDENSED CONSOLIDATED BALANCE SHEETS - EUR (€)
€ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash € 62 € 313
Accounts receivable 13 62
Prepaid expenses 24 106
Total current assets 99 481
Rent deposit 0 10
Property and equipment, net of accumulated depreciation of ?498 at September 30, 2023 and ?475 at December 31, 2022 1 26
Right-of-Use Asset 0 133
Goodwill 0 6,671
Total assets 100 7,321
Current Liabilities    
Accounts payable 559 213
Deferred revenue 0 7
Operating Lease Liability 0 106
Non-convertible notes payable and related accrued interest to related parties 11,755 10,461
Convertible notes payable and related accrued interest to related parties 63,211 61,243
Total current liabilities 75,525 72,030
Long Term Liabilities    
Debt-Principal Payable to the Federal Financing Bank 145 156
Operating lease liability 0 31
Total long-term liabilities 145 187
Total liabilities 75,670 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 September 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 (113,215) (102,555)
Accumulated other comprehensive income 672 686
Total shareholders' deficit (75,570) (64,896)
Total liabilities and shareholders' deficit € 100 € 7,321