XML 11 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 5,142,332 $ 3,323,290
Other receivable   2,880
Other assets 65,116 39,352
Total current assets 5,207,448 3,365,522
Long-term assets    
Security deposit 17,004  
Property and equipment, net 207,643 19,466
Deferred compensation 625,000 1,250,001
Operating lease, right-of-use assets 572,180
Total long-term assets 1,421,827 1,269,467
TOTAL ASSETS 6,629,275 4,634,989
Current liabilities    
Account payable 124,394 152,445
Notes payable 1,026,047 1,547,695
Notes payable CARES Act PPP Loan 41,853
Due to related parties 50,000 50,000
Operating Lease Liability – current 66,940
Accrued expenses 967 938
Accrued dividends 48,079 48,079
Total current liabilities 1,358,280 1,799,157
Long-term liabilities:    
Operating Lease Liability - non-current 529,456
Long-term notes payable 500,000 1,000,000
Long-term notes payable CARES Act PPP Loan 133,462
Total long-term liabilities 1,029,456 1,133,462
TOTAL LIABILITES 2,387,736 2,932,619
STOCKHOLDERS’ EQUITY:    
Series A convertible preferred stock, $.001 par value, 2,000,000 shares authorized and 13,602 shares issued and outstanding at September 30, 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; 205,702,380 and 190,529,320 shares issued and outstanding at September 30, 2021 and at December 31, 2020, respectively 205,703 190,529
Additional paid-in capital 100,066,194 93,778,591
Accumulated Equity (96,030,372) (92,266,764)
TOTAL STOCKHOLDERS’ EQUITY 4,241,539 1,702,370
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,629,275 $ 4,634,989