Balance Sheet

v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 277,827 $ 6,270
Accounts receivable 685
Accounts receivable (net of reserve of $49,700) – related party 149,100
Deferred charges – related party 134,704
Inventories, net 78,081 19,220
Prepaid production cost 300,000
Total current assets 805,008 160,879
Equipment, net 192,027 200,523
Operating lease right-of-use asset, net 321,263 362,227
Deposits 16,883 16,883
Total assets 1,335,181 740,512
Current liabilities:    
Accounts payable and accrued expenses 537,266 673,494
Advances 200,000
Notes payable (net of deferred finance charges of $60,717 and $74,817 at June 30, 2021 and December 31, 2020, respectively) 289,445 482,724
Convertible note payable (net of discount of $174,669 and $539,282 at June 30, 2021 and December 31, 2020, respectively) 1,354,151 1,074,814
Deferred revenue, license agreement 19,186 34,818
Operating lease liabilities, short-term 103,914 100,901
Lease settlement obligation 235,759 235,759
Total current liabilities 2,739,721 2,602,510
Long term liabilities    
Notes payable, long term 457,288 451,368
Operating lease liabilities, long-term 252,335 294,880
Total liabilities 3,449,344 3,348,758
Commitments and contingencies:
Mezzanine equity:    
Total Mezzanine equity 1,691,331
Stockholders’ 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; 191,731,218 and 46,756,970 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 191,805 46,757
Shares to be issued (4,875,000 and 4,875,000 as of June 30, 2021 and December 31, 2020, respectively) 3,939,659 3,641,868
Additional paid-in capital 13,867,853 10,102,805
Accumulated deficit (21,258,289) (16,402,176)
Total Quanta, Inc. stockholders’ deficit (3,256,472) (2,608,246)
Noncontrolling interest in consolidated subsidiary (549,022)
Total stockholders’ deficit (3,805,494) (2,608,246)
Total liabilities and stockholders’ deficit 1,335,181 740,512
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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