Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 119,678 $ 28,920
Accounts receivable 19,880 5,636
Inventory 198,595 267,152
Other current assets 306,030 118,911
Total current assets 644,183 420,619
Right-of-use assets 195,029
Security deposits 1,255,988 65,114
Fixed assets, net 1,003,013 726,820
Total Assets 2,903,184 1,407,582
Current liabilities:    
Accounts payable 480,146 734,554
Accrued expenses 457,762 550,535
Deferred revenues 30,164
Dividends payable 98,920 37,236
Current portion of lease liabilities 45,271
Convertible notes payable, net of $412,673 of debt discounts at December 31, 2021 337,327
Notes payable 119,274 334,841
Total current liabilities 1,523,593 1,702,437
Long-term lease liability 156,254
Notes payable, related party, long-term portion 200,000
Total Liabilities 1,723,593 1,858,691
Convertible preferred stock value
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 9,500,000 shares authorized; no shares issued and outstanding at December 31, 2021 and 2020, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 65,599,565 and 53,085,305 shares issued and outstanding at December 31, 2021 and 2020, respectively 65,600 53,085
Additional paid-in capital 16,843,656 14,103,672
Subscriptions payable, consisting of 262,066 and 750,000 shares at December 31, 2021 and 2020, respectively 21,725 75,000
Accumulated other comprehensive loss (64,347) (52,870)
Accumulated (deficit) (19,916,888) (16,132,326)
Total Stockholders’ Equity (Deficit) (3,050,254) (1,953,439)
Total Liabilities and Stockholders’ Equity (Deficit) 2,903,184 1,407,582
Series A Convertible Preferred Stock [Member]    
Current liabilities:    
Convertible preferred stock value 652,330 1,502,330
Series B Convertible Preferred Stock [Member]    
Current liabilities:    
Convertible preferred stock value $ 3,577,515