Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 249,462 $ 71,075
Accounts receivable - net 336,033 464,851
Inventory 156,600
Prepaid expenses and other assets 295,180 63,942
Total current assets 880,675 756,468
Fixed assets - net
Goodwill 8,366,467 8,366,467
Total assets 9,247,142 9,122,935
Current liabilities:    
Accounts payable and accrued liabilities 1,364,202 1,432,710
Accounts payable and accrued liabilities - related party 153,838 153,838
Shareholder advance 100,000 100,000
Deferred revenue 579,833 472,750
Equity financing 125,000 125,000
Total current liabilities 2,322,873 2,284,298
Long-term liabilities:    
Loans payable 147,749 433,567
Total long-term liabilities 147,749 433,567
Total liabilities 2,470,622 2,717,865
Commitments and contingencies
Stockholders' equity:    
Series A Convertible Preferred stock, $0.001 par value; 900,000 shares authorized; 39,810 shares issued and outstanding 40 40
Common stock, $0.001 par value; 45,000,000 shares authorized; 13,010,409 and 11,293,030 shares issued and outstanding, respectively 13,011 11,293
Additional paid-in capital 32,022,166 29,805,028
Subscriptions payable 600,000 600,000
Accumulated deficit (25,858,697) (24,011,291)
Total stockholders' equity 6,776,520 6,405,070
Total liabilities and stockholders’ equity $ 9,247,142 $ 9,122,935