Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.20.1
Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 282,380 $ 125,846
Inventory 24,682
Other current assets 267,106 30,850
Total current assets 574,168 156,696
Right-of-use assets 502,706
Security deposits 72,527 4,494
Fixed assets, net 697,863 356,439
Total Assets 1,847,264 517,629
Current liabilities:    
Accounts payable 330,521 121,194
Accrued expenses 109,665 34,425
Current portion of lease liabilities 55,101
Convertible notes payable 507,332 300,000
Advances from shareholders 514,141
Notes payable 130,000 200,000
Total current liabilities 1,132,619 1,169,760
Long-term lease liabilities 453,251
Total Liabilities 1,585,870 1,169,760
Stockholders' Equity (Deficit):    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2019 and 2018, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 44,804,305 and 34,291,905 shares issued and outstanding at December 31, 2019 and 2018, respectively 44,804 34,292
Additional paid-in capital 8,150,004 1,278,352
Subscriptions receivable, consisting of 6,012,500 shares at December 31, 2018 (602)
Subscriptions payable, consisting of 500,000 shares at December 31, 2019 250,000
Accumulated other comprehensive loss (16,248) (4,090)
Accumulated (deficit) (8,167,166) (1,959,982)
Total Stockholders' Equity 261,394 (652,030)
Noncontrolling Interest (101)
Total Stockholders' Equity (Deficit) 261,394 (652,131)
Total Liabilities and Stockholders' Equity (Deficit) $ 1,847,264 $ 517,629