Decorative
Decorative
Decorative Decorative

Balance Sheet

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash $ 11,089,624 $ 2,469,410
Restricted cash 4,570 4,566
Prepaid expenses and other current assets 321,497 190,409
Prepaid expenses - related party 18,125 0
Total current assets 11,433,816 2,664,385
Property and equipment, net 80,297 7,341
Operating lease right-of-use asset 164,673 0
Other asset 8,309 0
Total assets 11,687,095 2,671,726
Current liabilities    
Accounts payable 318,982 364,340
Accounts payable - related party 20,000 17,032
Accrued interest - related party 130,824 44,087
Accrued payroll liabilities 262,881 61,547
PPP loan current 0 64,062
Other current liabilities 497,390 197,564
Derivative liabilities 207,916 38,567
Operating lease liability, current portion 63,581 0
Total current liabilities 1,501,574 787,199
Non-current liabilities    
PPP loan non-current 0 52,638
Operating lease liability, net of current portion 100,583 0
Multi-draw credit agreement - related party 450,000 450,000
Convertible multi-draw credit agreement - related party, net of discount 1,370,156 931,103
Total liabilities 3,422,313 2,220,940
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value; 50,000,000 and 20,000,000 shares authorized at September 30, 2021 and December 31, 2020, respectively; no shares issued and outstanding at September 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 September 30, 2021 and December 31, 2020, respectively; 476,108,455 and 288,074,415 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 476,108 288,074
Additional paid-in-capital 52,532,017 38,896,693
Accumulated deficit (44,743,343) (38,733,981)
Total stockholders’ equity 8,264,782 450,786
Total liabilities and stockholders’ equity $ 11,687,095 $ 2,671,726

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