XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 568,769 $ 474,019
Restricted cash 20,000 20,000
Accounts receivable 19,748 19,748
Prepaid & other current assets 18,778 101,869
Total current assets 627,295 615,636
Development equipment, net of accumulated depreciation of $111,958 and $101,810 10,148
Intangibles, net of accumulated amortization of $188,339 and $136,974 821,841 873,206
In process R&D 1,101,760 1,101,760
Goodwill 21,062,455 21,062,455
Total assets 23,613,351 23,663,205
Current liabilities:    
Accounts payable and accrued liabilities 3,092,723 2,735,805
Accounts payable to related party 403,423 391,631
Contingent consideration 2,625,000 2,625,000
Derivative liability 340,290 777,024
Convertible debt for clinical trial and JV 4,069,781 2,000,000
Convertible debt, net of costs 1,666,594 1,091,612
Convertible debt, related party, net of costs 717,816 297,989
Convertible debt 2021, net of costs 76,994
Private Placement convertible notes, net of costs 2,353,253 943,586
Private Placement convertible notes, related party, net of costs 109,046 67,992
Payroll Protection Plan loan 251,733
Total current liabilities 15,454,920 11,182,372
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Convertible Preferred stock, $0.01 par value, 15,000,000 shares authorized; 0 and 278,188 shares issued and outstanding 2,782
Common stock, $.01 par value; 750,000,000 and 150,000,000 shares authorized; 375,288,146 and 90,601,912 issued and outstanding, respectively 3,752,881 906,019
Additional paid-in capital 35,223,842 32,493,086
Accumulated deficit (31,021,050) (21,630,008)
Total Oncotelic Therapeutics, Inc. stockholders’ equity 7,955,673 11,771,879
Non-controlling interests 202,758 708,954
Total stockholders’ equity 8,158,431 12,480,833
Total liabilities and stockholders’ equity $ 23,613,351 $ 23,663,205