Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 74,503 $ 211,765
Short-term Investments 239,063 27,403
Accounts receivable, net 8,640 18,317
Inventory 103,483 149,175
Prepaid Insurance 55,783 0
Other current assets 56,121 11,034
Total current assets 537,593 417,694
Property and equipment, net 6,542 7,512
Other assets:    
Long-term Investments 1,552,001 693,915
Right-of-use assets 7,858 22,101
Security deposit 2,500 2,500
Total assets 2,106,494 1,143,722
Current liabilities:    
Accounts payable 480,877 797,789
Accrued compensation 79,214 4,875
Accrued liabilities 401,461 522,258
Notes payable, related parties 40,000 40,000
Loans payable PPP Stimulus 35,500 0
Convertible notes payable, net of debt discount of $405,507 and $808,980, respectively 1,426,894 3,193,548
Right-of-use liabilities - current portion 7,858 14,361
Warrant liability to be settled 0 192,115
Contingency Liability 0 956,251
Subscriptions payable 670,000 330,797
Derivative liability 4,426,057 5,693,071
Total current liabilities 7,567,861 11,745,065
Non-Current Liabilities    
Right-of-use liabilities 0 7,858
Total liabilities 7,567,861 11,752,923
Stockholders' deficit:    
Common stock, $0.001 par value; 15,000,000,000 shares authorized; 3,136,774,861 and 77,958,081 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 3,136,775 77,958
Common stock to be issued, 11,892,411 and 0 shares, respectively 11,892 0
Additional paid in capital 77,687,561 63,467,054
Accumulated deficit (86,309,595) (74,164,213)
Total stockholders' deficit (5,461,367) (10,609,202)
Total liabilities and stockholders' deficit 2,106,494 1,143,722
Preferred Class A [Member]    
Stockholders' deficit:    
Preferred stock value 10,000 10,000
Preferred Class B [Member]    
Stockholders' deficit:    
Preferred stock value $ 2,000 $ 0