Balance Sheet

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 313,525 $ 6,270
Accounts receivable 685
Accounts receivable (net of reserve of $49,700) - related party 149,100
Deferred charges - related party 134,704
Inventories 44,009 19,220
Prepaid production cost 100,000
Total current assets 606,634 160,879
Equipment, net 195,919 200,523
Operating lease right-of-use asset, net 341,844 362,227
Deposits 16,883 16,883
Total assets 1,161,280 740,512
Current liabilities:    
Accounts payable and accrued expenses 618,195 673,494
Notes payable (net of deferred finance charges of $38,171 and $42,261 at March 31, 2021 and December 31, 2020, respectively) 400,165 482,724
Convertible note payable (net of discount of $29,369 and $539,282 at March 31, 2021 and December 31, 2020, respectively) 1,393,752 1,074,814
Deferred revenue, license agreement 27,002 34,818
Operating lease liabilities, short-term 102,400 100,901
Settlement Reserve 235,759 235,759
Total current liabilities 2,777,272 2,602,510
Long term liabilities    
Notes payable, long term 454,327 451,368
Operating lease liabilities, long-term 273,714 294,880
Total liabilities 3,505,314 3,348,758
Commitments and contingencies:
Mezzanine equity:    
Total Mezzanine equity 1,691,331
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 25,000,000 shares authorized; 2,500,000 issued and outstanding 2,500 2,500
Common stock, $0.001 par value; 500,000,000 shares authorized; 99,897,748 and 46,756,970 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 99,900 46,757
Shares to be issued (4,875,000 and 4,875,000 as of March 31, 2021 and December 31, 2020, respectively) 3,802,047 3,641,868
Additional paid-in capital 9,492,252 10,102,805
Accumulated deficit (17,295,903) (16,402,176)
Total Quanta, Inc. stockholders deficit (3,899,204) (2,608,246)
Noncontrolling interest in consolidated subsidiary (136,161)
Total stockholders' deficit (4,035,365) (2,608,246)
Total liabilities and stockholders' deficit 1,161,280 740,512
Series B Preferred Stock [Member]    
Mezzanine equity:    
Total Mezzanine equity 1,522,198
Series C Preferred Stock [Member]    
Mezzanine equity:    
Total Mezzanine equity $ 169,133

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