Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1.1.u2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 726 $ 11,016
Accounts receivable 12,355
Inventory 54,153
Other current assets 13,156 45,943
Total current assets 13,882 123,467
Other assets 179,927
Right-of-use assets 425,969
Security deposits 85,000 1,449,808
Fixed assets, net 988,536
Total Assets 98,882 3,167,707
Current liabilities:    
Accounts payable 528,645 798,067
Accrued expenses 939,368 948,458
Deferred revenues 11,808
Dividends payable 196,734 137,843
Current portion of lease liabilities 86,235
Total current liabilities 3,872,111 2,227,435
Long-term lease liability 341,680
Total Liabilities 3,872,111 4,219,115
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 9,200,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 79,827,618 and 67,202,907 shares issued and outstanding at December 31, 2023 and 2022, respectively 79,828 67,203
Additional paid-in capital 18,414,456 17,123,603
Subscriptions payable 45,000
Accumulated other comprehensive income (loss) 42,328 (50,699)
Accumulated (deficit) (26,929,686) (22,976,365)
Total Stockholders’ Equity (Deficit) (8,348,074) (5,836,258)
Total Liabilities and Stockholders’ Equity (Deficit) 98,882 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 3,577,515 4,082,520
Related Party [Member]    
Current liabilities:    
Convertible note payable, related party, current maturities 750,000
Notes payable 1,146,500 99,500
Convertible note payable, related party 750,000
Notes payable, related parties, long-term portion 900,000
Nonrelated Party [Member]    
Current liabilities:    
Notes payable 310,864 145,524
Notes payable, related parties, long-term portion