Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets (Audited)

v3.20.1
Condensed Consolidated Balance Sheets (Audited) - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 211,765 $ 359,577
Short-term Investments 27,403 810,000
Accounts receivable, net 18,317 46,376
Inventory 149,175 186,989
Other current assets 11,034 93,833
Total current assets 417,694 1,496,775
Property and equipment, net 7,512 12,430
Other assets:    
Long-term Investments 693,915 408,077
Right-of-use assets 22,101
Security deposit 2,500 2,500
Total assets 1,143,722 1,919,782
Current liabilities:    
Accounts payable 797,789 416,444
Accrued compensation 4,875 454,316
Accrued liabilities 552,258 216,946
Debt obligations of Joint venture 289,742
Notes payable, related parties 40,000 287,140
Convertible notes payable, net of debt discount of $808,890 and $896,180, respectively 3,193,548 1,132,668
Right-of-use liabilities - current portion 14,361
Warrant liability to be settled 192,115
Contingency Liability 956,251
Subscriptions payable 330,797
Derivative liability 5,693,071 2,256,631
Total current liabilities 11,745,065 5,053,887
Total liabilities 11,745,065 5,053,887
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of December 31, 2019 and December 31, 2018; Class B preferred stock, $0.001 par value, 5,000,000 shares designated, 0 shares issued and outstanding as of December 31, 2019 and December 31, 2018 10,000 10,000
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 77,958,081 and 42,687,301 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 77,958 42,687
Common Stock to be issued 90,000
Additional paid in capital 63,467,054 50,707,103
Accumulated deficit (74,164,213) (53,983,895)
Total stockholders' deficit (10,609,201) (3,134,105)
Total liabilities and stockholders' deficit 1,143,722 1,919,782
Preferred Class A [Member]    
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of December 31, 2019 and December 31, 2018; Class B preferred stock, $0.001 par value, 5,000,000 shares designated, 0 shares issued and outstanding as of December 31, 2019 and December 31, 2018 10,000 10,000
Total stockholders' deficit 10,000 10,000
Total liabilities and stockholders' deficit 10,000 10,000
Preferred Class B [Member]    
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of December 31, 2019 and December 31, 2018; Class B preferred stock, $0.001 par value, 5,000,000 shares designated, 0 shares issued and outstanding as of December 31, 2019 and December 31, 2018
Total stockholders' deficit
Total liabilities and stockholders' deficit