Balance Sheet

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 6,270 $ 433,143
Accounts receivable 685 28,260
Deferred charges, related party 134,704
Inventories, net of reserve 19,220 122,519
Prepaid expenses 7,500
Total current assets 160,879 591,422
Equipment, net 200,523 313,478
Operating lease right-of-use asset, net 362,227 332,980
Security deposits 16,883 33,652
Total assets 740,512 1,271,532
Current liabilities:    
Accounts payable and accrued expenses 673,494 73,598
Notes payable (net of deferred finance charge of $74,817 at December 31, 2020) 482,724 55,850
Deferred revenue, license agreement 34,818 32,742
Operating lease liabilities 100,901 85,662
Convertible note payable (net of discounts of $539,282 and $224,660, respectively) 1,074,814 57,340
Lease settlement obligations 235,759
Derivative liabilities 400,139
Total current liabilities 2,602,510 705,331
Long term liabilities    
Deferred revenue, licenses agreement, long-term 35,470
Notes payable, long term (net of deferred finance charge of $32,556 at December 31, 2020) 451,368
Operating lease liabilities, long-term 294,880 251,791
Total liabilities 3,348,758 992,592
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 25,000,000 shares authorized;
Common stock, $0.001 par value; 500,000,000 shares authorized; 46,756,970 and 49,087,255 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 46,757 49,087
Shares to be issued (4,875,000 and 7,318,519 shares to be issued as of December 31, 2020 and December 31, 2019, respectively) 3,641,868 2,847,868
Additional paid-in capital 10,102,805 5,619,733
Accumulated deficit (16,402,176) (8,237,748)
Total stockholders'(deficit) equity (2,608,246) 278,940
Total liabilities and stockholders' (deficit) equity 740,512 1,271,532
Series A Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 25,000,000 shares authorized; $ 2,500

Source