Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 698,667 $ 28,920
Accounts receivable 28,923 5,636
Inventory 526,680 267,152
Other current assets 220,720 118,911
Total current assets 1,474,990 420,619
Right-of-use assets 160,792 195,029
Security deposits 1,224,561 65,114
Fixed assets, net 947,543 726,820
Total Assets 3,807,886 1,407,582
Current liabilities:    
Accounts payable 463,378 734,554
Accrued expenses 453,155 550,535
Dividends payable 86,482 37,236
Current portion of lease liabilities 48,932 45,271
Notes payable, net of discounts of $558,696 at September 30, 2021 360,578 334,841
Total current liabilities 1,412,525 1,702,437
Long-term lease liability 119,140 156,254
Total Liabilities 1,531,665 1,858,691
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 9,200,000 shares authorized; no shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 61,675,983 and 53,085,305 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 61,676 53,085
Additional paid-in capital 16,191,828 14,103,672
Subscriptions payable, consisting of 1,250,000 and 750,000 at September 30, 2021 and December 31, 2020, respectively 150,062 75,000
Accumulated other comprehensive loss (63,789) (52,870)
Accumulated (deficit) (18,593,416) (16,132,326)
Total Stockholders’ Equity (Deficit) (2,253,639) (1,953,439)
Total Liabilities and Stockholders’ Equity (Deficit) 3,807,886 1,407,582
Series A convertible preferred stock [Member]    
Current liabilities:    
Convertible preferred stock value 952,330 1,502,330
Series B convertible preferred stock [Member]    
Current liabilities:    
Convertible preferred stock value $ 3,577,530