Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash $ 122,400 $ 1,424,096
Accounts receivable 11,333 22,667
Other receivables 11,701 18,673
Prepaid expenses 216,048 810,143
Total Current Assets 361,482 2,275,579
Right-of-use asset 606,897 738,453
Property and equipment, net 197,596 219,703
Other assets 36,042 36,877
Total Assets 1,202,017 3,270,612
Current Liabilities    
Interest payable 92,561 53,198
Accounts payable 1,676,532 1,471,688
Accrued liabilities 393,499 324,984
Other current liabilities 357,689 189,035
Short-term notes, related parties 2,135,000 1,635,000
Short-term convertible note payable 424,615 424,615
Notes payable, current portion 67,444 66,836
Dividend payable 126,941 108,641
Deferred revenue 770,031 1,046,156
Lease liability, current portion 402,876 453,734
Total Current Liabilities 6,447,188 5,773,887
Long-Term Liabilities    
Lease liability, net of current portion 221,710 302,175
Notes payable, net of current portion 11,545
Derivative liability - warrants [1] 140,877 315,855
Redemption put liability [1] 79,045 267,399
Total Long-Term Liabilities 441,632 896,974
Total Liabilities 6,888,820 6,670,861
Commitments and Contingencies (Note 10)
Mezzanine Equity    
Total Mezzanine Equity 6,281,433 6,060,493
Stockholders' Deficit    
Common stock - $.001 par value: 199,000,000 shares authorized. 99,878,079 and 99,768,704 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 99,878 99,769
Additional paid-in capital 28,117,978 28,172,146
Accumulated deficit (39,815,966) (37,362,531)
Non-controlling interest (370,132) (370,132)
Total Stockholders' Deficit (11,968,236) (9,460,742)
Total Liabilities, Mezzanine Equity and Stockholders' Deficit 1,202,017 3,270,612
Series D Convertible Preferred Stock [Member]    
Mezzanine Equity    
Total Mezzanine Equity 6,281,433 6,060,493
Series A Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred Stock, value
Series B Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred Stock, value 6 6
Series C Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred Stock, value
[1] The Company did not have any assets or liabilities measured at fair value using Level 1 or 2 of the fair value hierarchy as of March 31, 2020 and December 31, 2019.