Decorative
Decorative
Decorative Decorative

Balance Sheet

v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 6,006,869 $ 8,983,007
Restricted cash 4,572 4,571
Prepaid expenses 822,541 554,217
Prepaid expenses - related party 48,908 13,432
Other current assets 109,750 56,870
Total current assets 6,992,640 9,612,097
Property and equipment, net 80,768 87,710
Operating lease right-of-use asset 128,935 146,972
Other asset 8,309 8,309
Total assets 7,210,652 9,855,088
Current liabilities    
Accounts payable 878,720 897,880
Accounts payable - related parties 24,026 2,130
Accrued interest - related party 218,039 174,911
Accrued payroll liabilities 237,037 344,450
Insurance premium loan payable 214,307 0
Other current liabilities 378,106 375,842
Derivative liability 16,077 59,732
Multi-draw credit agreement - related party 450,000 450,000
Convertible multi-draw credit agreement - related party, net of discount 1,679,741 1,524,905
Operating lease liability, current portion 85,601 82,372
Total current liabilities 4,181,654 3,912,222
Non-current liabilities    
Operating lease liability, net of current portion 55,906 78,700
Total liabilities 4,237,560 3,990,922
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value; 50,000,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued and outstanding at March 31, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 5,000,000,000 shares authorized at March 31, 2022 and December 31, 2021; 495,925,112 and 476,108,445 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 495,925 476,108
Additional paid-in-capital 52,776,729 52,644,221
Accumulated deficit (50,299,562) (47,256,163)
Total stockholders’ equity 2,973,092 5,864,166
Total liabilities and stockholders’ equity $ 7,210,652 $ 9,855,088

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