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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 3,662,615 $ 3,323,290
Other receivable 2,880
Other assets 43,391 39,352
Total current assets 3,706,006 3,365,522
Long-term assets    
Security deposit 17,004
Property and equipment - net 206,810 19,466
Deferred compensation 416,666 1,250,001
Right of Use Asset - Operating 544,670
Total Long-term assets 1,185,150 1,269,467
TOTAL ASSETS 4,891,156 4,634,989
Current liabilities    
Accounts payable 195,381 152,445
Notes payable 1,000,000 1,547,695
Notes payable CARES Act PPP Loan 24,189
Due to related parties 50,000 50,000
Operating Lease Liability - current 76,227
Accrued expenses 21,870 938
Accrued dividends 48,079 48,079
Total current liabilities 1,415,747 1,799,157
Long-term liabilities Operating Lease Liability - non-current 507,188
Long-term notes payable 1,000,000
Long-term notes payable CARES Act PPP Loan 133,462
Total long-term liabilities 507,188 1,133,462
Total liabilities 1,922,935 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 December 31, 2021 and at December 31, 2020 (Liquidation preference $340,050 and $340,050, respectively) 14 14
Common stock, $.001 par value, 500,000,000 shares authorized; 207,562,461 and 190,529,320 shares issued and outstanding at December 31, 2021 and at December 31, 2020, respectively 207,562 190,529
Additional paid-in capital 100,452,862 93,778,591
Accumulated deficit (97,692,217) (92,266,764)
Total stockholders’ equity 2,968,221 1,702,370
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,891,156 $ 4,634,989