Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 19,179 $ 19,303
Accounts receivable, net 205,768
Inventories 994,319 1,177,831
Deposits and other assets 3,063 2,066
Prepaid expenses 105,238 181,093
Total current assets 1,121,799 1,586,061
INTANGIBLE ASSETS, net 302,411 420,373
RIGHT TO USE LEASED ASSETS 962 12,488
TOTAL ASSETS 1,425,172 2,018,922
CURRENT LIABILITIES    
Accrued payroll and payroll related expenses, current portion 4,362,381 3,687,376
Accounts payable and accrued expenses 1,689,352 1,544,402
Fees payable to directors 418,546 418,546
Accrued separation costs, current portion 12,000 9,000
Current portion of related party notes payable 769,000 575,000
Current portion of note payable 211,300
Related party convertible notes payable, net of discount 1,334,296 651,721
Convertible notes payable, net of discount 1,468,531 358,289
Employee settlement 50,000 50,000
Lease liability, current portion 962 11,527
Derivative liability on convertible notes payable 235,165 827,314
Total current liabilities 10,551,533 8,133,175
NON-CURRENT LIABILITIES    
Note payable, less of current portion
Related party notes payable, less of current portion 1,000,000 1,000,000
Accrued separation costs, less current portion 71,635 83,635
Lease liability, less current portion 961
Total non-current liabilities 1,071,635 1,084,596
COMMITMENTS AND CONTINGENCIES
Total liabilities 11,623,168 9,217,771
STOCKHOLDERS' DEFICIT    
Preferred Stock - $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2020, and December 31, 2019, respectively
Common stock - $0.001 par value; 400,000,000 shares authorized, 794,183 and 687,564 shares issued and outstanding as of December 31, 2020, and December 31, 2019, respectively 794 688
Additional paid-in-capital 61,893,072 59,836,818
Accumulated deficit (72,091,862) (67,036,355)
Total stockholders' deficit (10,197,996) (7,198,849)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,425,172 $ 2,018,922