Decorative
Decorative
Decorative Decorative

Balance Sheet

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash $ 5,186,331 $ 2,469,410
Restricted cash 4,569 4,566
Prepaid expenses and other current assets 262,836 190,409
Prepaid expenses - related parties 14,805 0
Total current assets 5,468,541 2,664,385
Property and equipment, net 15,563 7,341
Other asset - related party 4,000 0
Total assets 5,488,104 2,671,726
Current liabilities    
Accounts payable 382,139 364,340
Accounts payable to related party 15,038 17,032
Accrued interest due to related party 86,737 44,087
Accrued payroll liabilities 112,507 61,547
PPP loan current 0 64,062
Other current liabilities 554,130 197,564
Derivative liabilities 397,565 38,567
Total current liabilities 1,548,116 787,199
Non-current liabilities    
PPP loan non-current 0 52,638
Multi-draw credit agreement - related party 450,000 450,000
Convertible multi-draw credit agreement - related party, net of discount 1,218,884 931,103
Total liabilities 3,217,000 2,220,940
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value; 50,000,000 and 20,000,000 shares authorized at June 30, 2021 and December 31, 2020, respectively; no shares issued and outstanding at June 30, 2021 and December 31, 2020 0 0
Common stock, $0.001 par value; 5,000,000,000 and 500,000,000 shares authorized at June 30, 2021 and December 31, 2020, respectively; 396,080,666 and 288,074,415 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 396,081 288,074
Additional paid-in-capital 44,793,548 38,896,693
Accumulated deficit (42,918,525) (38,733,981)
Total stockholders’ equity 2,271,104 450,786
Total liabilities and stockholders’ equity $ 5,488,104 $ 2,671,726

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