Balance Sheet

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 7,786 $ 23,442
Accounts receivable 211 85
Inventories 73,288 98,160
Prepaid production cost 300,000 300,000
Total current assets 381,285 421,687
Equipment, net 143,447 169,477
Operating lease right-of-use asset, net 258,315 279,502
Deposits 16,883 16,883
Total assets 799,930 887,549
Current liabilities:    
Accounts payable and accrued expenses 715,124 666,971
Advances 111,000 111,000
Notes payable (net of deferred finance charge of $39,567 and $46,617 at March 31, 2022 and December 31, 2021, respectively) 545,403 422,408
Convertible note payable (net of discount of $87,484 and $539,282 at March 31, 2022 and December 31, 2021, respectively) 1,675,436 1,891,920
Deferred revenue, license agreement 3,554
Operating lease liabilities, short-term 108,569 106,988
Settlement Reserve 235,759 235,759
Total current liabilities 3,391,291 3,435,600
Long term liabilities    
Notes payable, long term 160,000 160,000
Operating lease liabilities, long-term 186,185 208,932
Total liabilities 3,737,476 3,807,532
Commitments and contingencies:  
Mezzanine equity:    
Total Mezzanine equity 1,622,991 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; 3,000,000,000 shares authorized; 406,590,858 and 278,589,471 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 378,837 272,235
Shares to be issued (4,875,000 and 4,875,000 as of March 31, 2022 and December 31, 2021, respectively) 4,233,000 4,128,706
Additional paid-in capital 16,108,978 15,319,943
Accumulated deficit (24,427,122) (23,551,010)
Total Quanta, Inc. stockholders deficit (3,703,807) (3,827,626)
Noncontrolling interest in consolidated subsidiary (856,730) (783,688)
Total stockholders’ deficit (4,560,537) (4,611,314)
Total liabilities and stockholders’ deficit 799,930 887,549
Series B Preferred Stock [Member]    
Mezzanine equity:    
Total Mezzanine equity 1,522,198 1,522,198
Series C Preferred Stock [Member]    
Mezzanine equity:    
Total Mezzanine equity $ 100,793 $ 169,133

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