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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 253,882 $ 568,769
Restricted cash 20,000 20,000
Accounts receivable 19,748 19,748
Prepaid & other current assets 18,394 18,778
Total current assets 312,024 627,295
Intangibles, net of accumulated amortization of $201,180 and $188,339 as of September 30, 2022 and December 31, 2021 821,841
In process R&D 1,101,760 1,101,760
Goodwill 16,182,457 21,062,455
Investment in GMP Bio at fair value 22,640,521
Total assets 40,236,762 23,613,351
Current liabilities:    
Accounts payable and accrued liabilities 2,852,159 3,092,723
Accounts payable - related party 349,462 403,423
Contingent consideration 2,625,000 2,625,000
Derivative liability on notes 302,550 340,290
Convertible and short-term debt, net of costs 9,250,021 8,166,622
Convertible debt and short-term debt - related party, net of costs 831,266 826,862
Total current liabilities 16,210,458 15,454,920
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Convertible preferred stock, $0.01 par value, 15,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $.01 par value; 750,000,000 shares authorized; 390,195,433 and 375,288,146 issued and outstanding, respectively 3,901,954 3,752,881
Additional paid-in capital 40,921,704 35,223,842
Accumulated deficit (20,636,647) (31,021,050)
Total Oncotelic Therapeutics, Inc. stockholders’ equity 24,187,011 7,955,673
Non-controlling interests (160,707) 202,758
Total stockholders’ equity 24,026,304 8,158,431
Total liabilities and stockholders’ equity $ 40,236,762 $ 23,613,351