Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and Cash Equivalents, at Carrying Value $ 553,443 $ 1,244,527
Restricted cash 4,591 4,580
Prepaid expenses 270,539 780,807
Assets held for sale 0 6,432,216
Other current assets 1,064,114 481,588
Total current assets 1,892,687 8,943,718
Property, plant and equipment, net 64,395 87,854
Operating lease right-of-use asset 270,553 71,191
Other assets 8,309 8,309
Total assets 2,235,944 9,111,072
Current liabilities    
Accounts payable 1,551,510 1,669,997
Accounts payable - related parties 108,301 124,901
Accrued interest - related party 0 15,814
Accrued payroll liabilities 913,932 657,734
Insurance premium loan payable 90,615 55,451
Other current liabilities 849,333 1,366,994
Other current liabilities - related parties 1,772 95,850
Estimate for legal contingency 6,235,639 6,205,310
Convertible multi-draw credit agreement - related party 0 1,848,375
Operating lease liability, current portion 65,452 78,700
Total current liabilities 9,816,554 12,119,126
Non-current liabilities    
Operating lease liability, net of current portion 208,588 0
Total liabilities 10,025,142 12,119,126
Commitments and contingencies (Note 12)
Stockholders’ deficit    
Preferred stock, $0.001 par value; 50,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 5,000,000,000 shares authorized at June 30, 2023 and December 31, 2022; 971,549,608 and 913,528,958 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 971,549 913,528
Additional paid-in-capital 66,256,038 62,816,183
Accumulated deficit (75,016,785) (66,737,765)
Total stockholders’ deficit (7,789,198) (3,008,054)
Total liabilities and stockholders’ deficit $ 2,235,944 $ 9,111,072