Decorative
Decorative
Decorative Decorative

Balance Sheet

v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 5,152,425 $ 2,469,410
Restricted cash 4,567 4,566
Prepaid expenses and other current assets 224,608 190,409
Total current assets 5,381,600 2,664,385
Property and equipment, net 17,099 7,341
Total assets 5,398,699 2,671,726
Current liabilities    
Accounts payable 499,854 364,340
Accounts payable to related party 10,000 17,032
Accrued interest due to related party 43,129 44,087
Accrued payroll liabilities 131,995 61,547
PPP loan current 103,523 64,062
Other current liabilities 318,862 197,564
Derivative liabilities 276,917 38,567
Total current liabilities 1,384,280 787,199
Non-current liabilities    
PPP loan non-current 13,177 52,638
Multi-draw credit agreement - related party 450,000 450,000
Convertible multi-draw credit agreement - related party, net of discount 1,072,593 931,103
Total liabilities 2,920,050 2,220,940
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value; 50,000,000 and 20,000,000 shares authorized at March 31, 2021 and December 31, 2020, respectively; no shares issued and outstanding at March 31, 2021 and December 31, 2020 0 0
Common stock, $0.001 par value; 5,000,000,000 and 500,000,000 shares authorized at March 31, 2021 and December 31, 2020, respectively; 367,641,082 and 288,074,415 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 367,641 288,074
Additional paid-in-capital 43,005,506 38,896,693
Accumulated deficit (40,894,498) (38,733,981)
Total stockholders’ equity 2,478,649 450,786
Total liabilities and stockholders’ equity $ 5,398,699 $ 2,671,726

Source