Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 3,543,225 $ 785,363
Accounts receivable 5,925 16,922
Inventory 130,880 146,090
Advances to officers 16,941
Prepaid expenses and other current assets 235,136 166,458
TOTAL CURRENT ASSETS 3,915,166 1,131,774
Property and equipment, net 113,380 122,979
Intangible assets, net 10,535,903 10,920,577
Goodwill 913,184 913,184
Operating lease right-of-use asset 126,227 191,702
Other long-term assets 85,000 95,000
TOTAL ASSETS 15,688,860 13,375,216
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 2,831,051 2,987,264
Accounts payable and accrued expenses - related party 75,000 75,000
Accrued interest 26,725 356,998
Convertible notes payable, net 1,379,323 337,000
Notes payable   320,000
Loans payable 6,667 6,667
Notes payable - related party 103,172 155,989
Derivative liabilities 2,141,640  
Operating lease liability, current portion 78,381 104,591
TOTAL CURRENT LIABILITIES: 6,641,959 4,343,509
Convertible notes payable, net   9,635,551
Operating lease liability, net of current portion 50,385 91,089
TOTAL LIABILITIES 6,692,344 14,070,149
Commitments and contingencies– Note 17
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2022 and December 31, 2021
Common stock, $0.001 par value; 200,000,000 shares authorized, 105,401,858 and 50,217,308 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 105,402 50,217
Additional paid in capital 35,848,956 21,537,763
Accumulated deficit (26,952,530) (22,278,923)
Accumulated other comprehensive loss (5,312) (3,990)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 8,996,516 (694,933)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 15,688,860 $ 13,375,216