Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 268,067 $ 1,503,500
Accounts receivable 173 13
Prepaid expenses 108,138 53,935
Total current assets 376,378 1,557,448
Property and equipment:    
Property and equipment 128,965 128,156
Less accumulated depreciation (127,554) (126,931)
Total property and equipment, net 1,411 1,225
Restricted cash and investments held in trust 142,048,087 141,307,307
Total assets 142,425,876 142,865,980
Current liabilities:    
Accounts payable 165,356 180,452
Accrued expenses 1,454 5,691
Income tax payable 108,033 472,770
Deferred taxes 0 438
Total current liabilities 274,843 659,351
Long term liabilities 0 0
Total liabilities 274,843 659,351
Commitments and contingencies
Redeemable non-controlling interest 141,928,564 140,738,954
Stockholders' equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized, 479,844,900 shares issued and outstanding 479,845 479,845
Additional paid-in capital 36,531,550 36,475,732
Accumulated deficit (36,788,926) (35,487,902)
Total stockholders' equity 222,469 1,467,675
Total liabilities, redeemable non-controlling interest and stockholders' equity $ 142,425,876 $ 142,865,980