Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 3,437,247 $ 1,424,096
Accounts receivable 2,500 22,667
Other receivables 2,301 18,673
Prepaid expenses 114,415 810,143
Total Current Assets 3,556,463 2,275,579
Right-of-use asset 373,121 738,453
Property and equipment, net 152,541 219,703
Other assets 25,381 36,877
Total Assets 4,107,506 3,270,612
Current Liabilities    
Interest payable 6,267 53,198
Accounts payable 1,248,132 1,485,542
Accrued liabilities 303,778 324,984
Other current liabilities 159,501 175,181
Short-term notes, related parties 1,635,000
Short-term convertible notes payable 424,615
Notes payable, current portion 67,444 66,836
PPP Loan, current portion 355,839
Dividend payable 108,641
Deferred revenue 636,781 1,046,156
Lease liability, current portion 247,552 453,734
Total Current Liabilities 3,025,294 5,773,887
Long-term Liabilities    
Lease liability, net of current portion 143,258 302,175
Notes payable, net of current portion 11,545
PPP Loan, net of current portion 453,243
Derivative liability - warrants [1] 315,855
Redemption put liability 267,399
Total Long-term Liabilities 596,501 896,974
Total Liabilities 3,621,795 6,670,861
Commitments and Contingencies
Stockholders' Equity (Deficit)    
Common stock - $.001 par value: 1,600,000,000 shares authorized, 122,139,433 and 99,768,704 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 122,139 99,769
Additional paid-in capital 42,489,998 28,172,146
Accumulated deficit (42,298,423) (37,362,531)
Non-controlling interest (370,132) (370,132)
Total Stockholders' Equity (Deficit) 485,711 (9,460,742)
Total Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit) 4,107,506 3,270,612
Series D Convertible Preferred Stock [Member]    
Mezzanine Equity    
Total Mezzanine Equity 6,060,493
Series A Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred Stock, value 542,129
Series B Convertible Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred Stock, value $ 6
[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 June 30, 2020 and December 31, 2019.