Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 2,029,839 $ 785,363
Accounts receivable 5,971 16,922
Inventory 126,132 146,090
Advances to officers 16,941
Prepaid expenses and other current assets 290,795 166,458
TOTAL CURRENT ASSETS 2,452,737 1,131,774
Property and equipment, net 124,740 122,979
Intangible assets, net 10,343,538 10,920,577
Goodwill 913,184 913,184
Operating lease right-of-use asset 107,617 191,702
Long-term prepaid insurance 80,000 95,000
TOTAL ASSETS 14,021,816 13,375,216
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 2,653,036 2,987,264
Accrued director’s fees 75,000 75,000
Accrued interest 172,407 356,998
Convertible notes payable, net 1,912,523 337,000
Notes payable 320,000
Loans payable 6,667 6,667
Notes payable - related party 47,998 155,989
Derivative liabilities 1,857,351  
Operating lease liability, current portion 81,012 104,591
TOTAL CURRENT LIABILITIES 6,805,994 4,343,509
Convertible notes payable, net 9,635,551
Operating lease liability, net of current portion 29,150 91,089
TOTAL LIABILITIES 6,835,144 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 September 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 September 30, 2022 and December 31, 2021, respectively 105,402 50,217
Additional paid in capital 38,474,527 21,537,763
Accumulated deficit (31,389,283) (22,278,923)
Accumulated other comprehensive loss (3,974) (3,990)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 7,186,672 (694,933)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 14,021,816 $ 13,375,216