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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 213,880 $ 247,862
Accounts receivable, net of allowance for doubtful accounts of $66,000 667 1,032,886
Other current assets 15,531 5,934
Total current assets 230,078 1,286,682
Patents, net of accumulated amortization of $3,280,936 and $2,266,158, respectively 1,786,172 2,200,959
Total assets 2,016,250 3,487,641
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accounts payable and accrued liabilities 112,295 2,892,025
Loans payable 138,000 147,000
Purchase price of patents, net of unamortized discount of $57,252 and $0, respectively 1,927,797 1,500,000
Funding liability 3,150,000
Loan payable – related party 2,805,000 4,672,810
Warrant liability 1,934,550
Accrued interest 413,798 288,445
Total current liabilities 10,481,440 9,500,280
Loan Payable – Small Business Association (SBA) 150,000 170,832
Purchase price of patents, net of unamortized discount of $0 and $131,793, respectively, net of current portion 190,000 658,207
Total liabilities 10,821,440 10,329,319
Stockholders’ deficit:    
Preferred stock, par value $.00003 per share, authorized 10,000,000 shares, no shares issued and outstanding
Common stock, par value $0.00003 per share; authorized 10,000,000,000 shares at September 30, 2021 and December 31, 2020; shares issued and outstanding 533,334,630 and 383,038,334 at September 30, 2021 and December 31, 2020, respectively 16,000 11,491
Additional paid-in capital 17,437,580 14,427,782
Accumulated deficit (26,258,998) (21,281,179)
Total Quest Patent Research Corporation deficit (8,805,418) (6,841,906)
Non-controlling interest in subsidiary 228 228
Total stockholders’ deficit (8,805,190) (6,841,678)
Total liabilities and stockholders’ deficit $ 2,016,250 $ 3,487,641