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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 241,452 $ 568,769
Restricted cash 20,000 20,000
Accounts receivable 19,748 19,748
Prepaid & other current assets 21,964 18,778
Total current assets 303,164 627,295
Intangibles, net of accumulated amortization of $201,180 and $188,339 as of Dec 31, 2022 and 2021 821,841
In process R&D 1,101,760 1,101,760
Goodwill, net of impairment 12,071,376 21,062,455
Investment in GMP Bio at fair value 22,640,519
Total assets 36,116,819 23,613,351
Current liabilities:    
Accounts payable and accrued liabilities 2,510,864 3,092,723
Accounts payable - related party 332,432 403,423
Contingent consideration 2,625,000 2,625,000
Derivative liability on notes 198,140 340,290
Convertible and short-term debt, net of costs 10,091,923 8,166,622
Convertible debt and short-term debt - related party, net of costs 1,165,048 826,862
Total current liabilities 16,923,407 15,454,920
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
Common stock, $.01 par value; 750,000,000 shares authorized; 391,846,880 and 375,288,146 issued and outstanding, respectively 3,918,469 3,752,881
Additional paid-in capital 41,416,632 35,223,842
Accumulated deficit (25,926,069) (31,021,050)
Total Oncotelic Therapeutics, Inc. stockholders’ equity 19,409,032 7,955,673
Non-controlling interests (215,620) 202,758
Total stockholders’ equity 19,193,412 8,158,431
Total liabilities and stockholders’ equity $ 36,116,819 $ 23,613,351