Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity/(Deficit)

v3.20.1
Consolidated Statements of Changes in Stockholders' Equity/(Deficit) - USD ($)
Members’ Deficit
Preferred Stock
Common stock
Additional paid-in capital
Accumulated deficit
Total
Balances at Dec. 31, 2017 $ (1,101,259) $ (1,101,434) $ (1,101,434)
Balances (in Shares) at Dec. 31, 2017 17,500          
Conversion from LLC to Corporation $ 1,101,259 $ 4,476 65 4,541
Conversion from LLC to Corporation (in Shares) (17,500)   4,476,013      
Cancelled shares due to issuance of common stock $ (4,367) (1) (4,368)
Cancelled shares due to issuance of common stock (in Shares)     (4,366,954)      
Shares issued to vendor $ 2 2
Shares issued to vendor (in Shares)     2,090      
Issuance of common stock $ 5,727 1,244,273 1,250,000
Issuance of common stock (in Shares)     5,727,000      
Net loss (380,603) (380,603)
Balances at Dec. 31, 2018 $ 5,838 1,244,273 (1,481,973) (231,862)
Balances (in Shares) at Dec. 31, 2018     5,838,149      
Surrender of common stock in settlement of due from stockholder balance $ (575) (1,608,258) (1,608,833)
Surrender of common stock in settlement of due from stockholder balance (in Shares)     (574,991)      
Series A Convertible Preferred Stock issuance (Alliance MMA) $ 629 5,980,501 5,981,130
Series A Convertible Preferred Stock issuance (Alliance MMA) (in Shares)   629,138        
Issuance of common stock $ 1,283 5,883,078 5,884,361
Issuance of common stock (in Shares)     1,283,124      
Conversion of notes payable - related party into Series A Convertible Preferred Stock $ 190 1,899,810 1,900,000
Conversion of notes payable - related party into Series A Convertible Preferred Stock (in Shares)   190,000        
Exercise of warrants $ 11 67,537 67,548
Exercise of warrants (in Shares)     11,075      
Settlement of disputed contractual claim $ 20 117,982 118,002
Settlement of disputed contractual claim (in Shares)     19,801      
Issuance of warrants in settlement of lease dispute 66,275 66,275
Shares issued in cashless exercise of warrants $ 4 (4)
Shares issued in cashless exercise of warrants (in Shares)     3,732      
Stock-based compensation related to founder’s transfers of common stock to contractors $ 5,322,930 $ 5,322,930
Stock-based compensation related to employee, director and contractor equity awards (in Shares) 78 2,159,247 2,159,325
Stock-based compensation related to employee, director and contractor equity awards (in Shares)     78,290      
Stock and warrant dividend $ (1,705,722) $ (1,705,722)
Conversion of Series A Convertible Preferred Stock into common stock $ (240) $ 634 (394)
Conversion of Series A Convertible Preferred Stock into common stock (in Shares)   (240,571) 633,082      
Issuance of common stock in settlement of Series A Convertible Preferred Stock contractual fee $ 73 209,885 209,958
Issuance of common stock in settlement of Series A Convertible Preferred Stock contractual fee (in Shares)     73,156      
Common stock issued in settlement of litigation $ 25 74,975 75,000
Common stock issued in settlement of litigation (in Shares)     24,843      
Net loss (11,312,500) (11,312,500)
Balances at Dec. 31, 2019 $ 579 $ 7,391 $ 19,712,115 $ (12,794,473) $ 6,925,612
Balances (in Shares) at Dec. 31, 2019   578,567 7,390,261