Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 68,621 $ 119,678
Accounts receivable 31,096 19,880
Inventory 319,220 198,595
Other current assets 49,258 158,836
Total current assets 468,195 496,989
Other assets 180,521 147,194
Right-of-use assets 32,357
Security deposits 1,450,008 1,255,988
Fixed assets, net 996,283 1,003,013
Total Assets 3,127,364 2,903,184
Current liabilities:    
Accounts payable 739,195 480,146
Accrued expenses 813,314 457,762
Deferred revenues 35,340 30,164
Dividends payable 127,891 98,920
Current portion of lease liabilities 17,106
Convertible notes payable, net of $412,673 of debt discounts at December 31, 2021 750,000 337,327
Notes payable, current maturities 154,455 119,274
Notes payable, related parties, current maturities 99,500
Total current liabilities 2,736,801 1,523,593
Long-term lease liability 15,703
Notes payable, long-term portion 700,000
Notes payable, related parties, long-term portion 200,000 200,000
Total Liabilities 3,652,504 1,723,593
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 9,200,000 shares authorized; no shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 67,202,907 and 65,599,565 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 67,203 65,600
Additional paid-in capital 17,092,375 16,843,656
Subscriptions payable, consisting of 262,066 shares at December 31, 2021 21,725
Accumulated other comprehensive loss (57,541) (64,347)
Accumulated (deficit) (22,212,027) (19,916,888)
Total Stockholders’ Equity (Deficit) (5,109,990) (3,050,254)
Total Liabilities and Stockholders’ Equity (Deficit) 3,127,364 2,903,184
Series A Convertible Preferred Stock [Member]    
Current liabilities:    
Convertible preferred stock value 652,330 652,330
Series B Convertible Preferred Stock [Member]    
Current liabilities:    
Convertible preferred stock value $ 3,932,520 $ 3,577,515