XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 4,394,000 $ 3,323,290
Other receivable 19,884 2,880
Other assets 144,652 39,352
Total current assets 4,558,536 3,365,522
Long-term assets    
Property and equipment - net 149,904 19,466
Deferred compensation 1,041,666 1,250,001
Total assets 5,750,106 4,634,989
Current liabilities    
Accounts payable 193,144 152,445
Notes payable 1,104,184 1,547,695
Notes payable CARES Act PPP Loan 121,807  
Due to related parties 50,000 50,000
Accrued expenses 82,701 938
Accrued dividends 48,079 48,079
Total current liabilities 1,599,915 1,799,157
Long-term liabilities
Long-term notes payable 1,000,000 1,000,000
Long-term notes payable CARES Act PPP Loan 12,181 133,462
Total liabilities 2,612,096 2,932,619
Commitments and Contingencies (Note 9)
Stockholders’ Equity    
Series A convertible preferred stock, $.001 par value, 2,000,000 shares authorized and 13,602 shares issued and outstanding at March 31, 2021 and December 31, 2020 (Liquidation preference $340,050 and 340,050, respectively) 14 14
Common stock, $.001 par value, 500,000,000 shares authorized; 199,380,831 and 190,529,320 shares issued and outstanding at March 31, 2021 and at December 31, 2020, respectively 199,381 190,529
Additional paid-in capital 96,291,817 93,778,591
Accumulated deficit (93,353,202) (92,266,764)
Total stockholders’ equity 3,138,010 1,702,370
Total Liabilities and Stockholders’ Equity $ 5,750,106 $ 4,634,989