Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 27,947 $ 261,436
Accounts receivable 6,706 5,555
Inventory 371
Prepaid expenses and other current assets 10,329 21,637
Prepaid expenses and other current assets - related party 700 700
TOTAL CURRENT ASSETS 46,053 289,328
Property and equipment, net 1,333 1,674
TOTAL ASSETS 47,386 291,002
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 495,091 298,578
Accounts payable and accrued expenses - related party 8,737 9,263
Notes payable 70,000 50,000
Convertible notes payable, net 406,482 499,232
Derivative liabilities 571,843  
Finance lease - short term 4,595 6,377
Loans payable - related party 322,967 323,084
TOTAL CURRENT LIABILITIES: 1,879,715 1,186,534
TOTAL LIABILITIES 1,879,715 1,186,534
Commitments and contingencies
STOCKHOLDERS’ DEFICIT    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
Common stock, $0.001 par value; 200,000,000 shares authorized, 19,383,794 and 19,380,460 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 19,384 19,381
Additional paid in capital 2,772,711 2,756,798
Accumulated deficit (4,623,737) (3,672,077)
Accumulated other comprehensive income (687) 366
TOTAL STOCKHOLDERS’ DEFICIT (1,832,329) (895,532)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 47,386 $ 291,002