Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 75,760 $ 261,436
Accounts receivable 4,691 5,555
Inventory 4,084  
Prepaid expenses and other current assets 17,821 21,637
Prepaid expenses and other current assets - related party 700 700
Operating lease right-of-use asset 78,888  
TOTAL CURRENT ASSETS 181,944 289,328
Property and equipment, net 647 1,674
TOTAL ASSETS 182,591 291,002
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 834,910 298,578
Accounts payable and accrued expenses - related party 6,600 9,263
Notes payable 70,000 50,000
Convertible notes payable, net 836,336 499,232
Derivative liabilities 2,467,819  
Finance lease - short term 4,595 6,377
Loans payable 6,667  
Loans payable - related party 322,970 323,084
Operating lease liability, current portion 40,214  
TOTAL CURRENT LIABILITIES: 4,590,111 1,186,534
Operating lease liability, net of current portion 42,376  
TOTAL LIABILITIES 4,632,487 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 September 30, 2020 and December 31, 2019, respectively
Common stock, $0.001 par value; 200,000,000 shares authorized, 19,478,258 and 19,380,460 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 19,478 19,381
Additional paid in capital 2,915,807 2,756,798
Accumulated deficit (7,384,959) (3,672,077)
Accumulated other comprehensive income (loss) (222) 366
TOTAL STOCKHOLDERS’ DEFICIT (4,449,896) (895,532)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 182,591 $ 291,002