Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 95,184 $ 272,856
Accounts receivable   1,460
Inventory 1,814 1,461
Prepaid expenses and other current assets 39,736 93,807
Prepaid expenses and other current assets - related party 700 700
Operating lease right-of-use asset 60,087 69,632
TOTAL CURRENT ASSETS 197,521 439,916
Property and equipment, net 126 302
TOTAL ASSETS 197,647 440,218
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 1,029,287 994,908
Accounts payable and accrued expenses - related party 81,600 6,600
Notes payable 146,438 72,466
Convertible notes payable, net 1,898,810 1,192,804
Derivative liabilities 4,430,413 2,562,942
Finance lease - short term 4,595 4,595
Loans payable 6,667 6,667
Loans payable - related party 322,984 322,991
Operating lease liability, current portion 43,420 41,793
TOTAL CURRENT LIABILITIES: 7,964,214 5,205,766
Operating lease liability, net of current portion 19,838 31,276
TOTAL LIABILITIES 7,984,052 5,237,042
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, 2021 and December 31, 2020, respectively
Common stock, $0.001 par value; 200,000,000 shares authorized, 19,706,086 and 19,628,258 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 19,706 19,628
Additional paid in capital 3,352,538 3,144,490
Accumulated deficit (11,154,691) (7,956,862)
Accumulated other comprehensive loss (3,958) (4,080)
TOTAL STOCKHOLDERS’ DEFICIT (7,786,405) (4,796,824)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 197,647 $ 440,218