v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 85,405 $ 119,678
Accounts receivable 29,349 19,880
Inventory 292,758 198,595
Other current assets 215,011 306,030
Total current assets 622,523 644,183
Right-of-use assets 1,502,276
Security deposits 1,547,667 1,255,988
Fixed assets, net 994,010 1,003,013
Total Assets 4,666,476 2,903,184
Current liabilities:    
Accounts payable 573,742 480,146
Accrued expenses 545,354 457,762
Deferred revenues 31,072 30,164
Dividends payable 109,178 98,920
Current portion of lease liabilities 98,326
Convertible notes payable, net of $269,824 and $412,673 of debt discounts at March 31, 2022 and December 31, 2021, respectively 480,176 337,327
Notes payable 119,274
Total current liabilities 1,837,848 1,523,593
Long-term lease liability 1,410,883
Notes payable, long-term portion 600,000
Notes payable, related party, long-term portion 200,000 200,000
Total Liabilities 4,048,731 1,723,593
Convertible preferred stock value
Stockholders’ Equity (Deficit):    
Preferred stock, $0.001 par value, 9,500,000 shares authorized; no shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 65,861,631 and 65,599,565 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 65,862 65,600
Additional paid-in capital 16,895,975 16,843,656
Subscriptions payable, consisting of 262,066 shares at December 31, 2021 21,725
Accumulated other comprehensive loss (47,543) (64,347)
Accumulated (deficit) (20,526,394) (19,916,888)
Total Stockholders’ Equity (Deficit) (3,612,100) (3,050,254)
Total Liabilities and Stockholders’ Equity (Deficit) 4,666,476 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 $ 3,577,515 $ 3,577,515

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