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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 57,713 $ 299,520
Accounts receivable, net 367,364 243,381
Prepaid expense 4,000 449,954
Total current assets 429,077 992,855
Property and equipment, net 37,485 67,651
Intangibles 777,192 458,033
Total assets 1,243,754 1,518,539
Current liabilities:    
Accounts payable and accrued liabilities 2,565,806 1,620,661
Deferred revenue 27,500 337,500
Convertible notes payable, net 4,504,103 5,761,479
Shares to be issued 573,333 1,047,885
Notes payable - related party 451,260
Derivative liability 799,988 513,959
Total current liabilities 8,921,990 9,281,484
Convertible notes payable, net - related party 1,386,919
Total liabilities 8,921,990 10,668,403
Commitments and contingencies
Stockholders’ equity (deficit):    
Preferred stock, par value $0.001, authorized 50,000,000 shares; 1 shares issued and outstanding at December 31, 2022 and December 31, 2021
Common stock, par value $0.000001 authorized 25,000,000,000 shares; 6,830,378,163 and 97,785,111 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 6,831 98
Additional paid-in capital 24,744,738 15,754,112
Accumulated deficit (32,814,971) (24,904,074)
Total Clubhouse Media stockholders’ equity (deficit) (8,063,402) (9,149,864)
Non-controlling interest 385,166
Total stockholders’ deficit (7,678,236) (9,149,864)
Total liabilities and stockholders’ equity (deficit) $ 1,243,754 $ 1,518,539