Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 175,235 $ 11,016
Accounts receivable 11,793 12,355
Inventory 303,365 54,153
Other current assets 122,114 45,943
Total current assets 612,507 123,467
Other assets 206,497 179,927
Right-of-use assets 425,969
Security deposits 50,453 1,449,808
Fixed assets, net 2,376,691 988,536
Total Assets 3,246,148 3,167,707
Current liabilities:    
Accounts payable 818,667 798,067
Accrued expenses 1,275,511 948,458
Deferred revenues 11,166 11,808
Dividends payable 166,568 137,843
Current portion of lease liabilities 86,235
Total current liabilities 3,660,785 2,227,435
Long-term lease liability 341,680
Total Liabilities 4,410,785 4,219,115
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 9,200,000 shares authorized; no shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 73,369,574 and 67,202,907 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 73,370 67,203
Additional paid-in capital 17,594,074 17,123,603
Accumulated other comprehensive income (loss) 127,502 (50,699)
Accumulated (deficit) (24,039,433) (22,976,365)
Total Stockholders’ Equity (Deficit) (6,244,487) (5,836,258)
Total Liabilities and Stockholders’ Equity (Deficit) 3,246,148 3,167,707
Series A Convertible Preferred Stock [Member]    
Current liabilities:    
Convertible preferred stock value 997,330 702,330
Series B Convertible Preferred Stock [Member]    
Current liabilities:    
Convertible preferred stock value 4,082,520 4,082,520
Related Party [Member]    
Current liabilities:    
Notes payable 999,500 99,500
Convertible note payable, related party 750,000 750,000
Notes payable, related parties, long-term portion 900,000
Nonrelated Party [Member]    
Current liabilities:    
Notes payable 389,373 145,524
Notes payable, related parties, long-term portion