Balance Sheet

v3.24.3

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 87,666	$ 91,436
Accounts receivable, net	546,916	304,813
Prepaid expenses and other assets	45,383	39,533
Total current assets	679,965	435,782
Goodwill	5,842,433	5,842,433
Total assets	6,522,398	6,278,215
Current liabilities:
Accounts payable and accrued liabilities	1,611,668	1,738,364
Shareholder advance	67,622	67,622
Deferred revenue	159,333	378,583
Loans payable	41,949
Total current liabilities	2,030,410	2,334,407
Long-term liabilities:
Loans payable, net of current maturities		90,359
Convertible loans payable, net of discounts	7,112
Total long-term liabilities	7,112	90,359
Total liabilities	2,037,522	2,424,766
Commitments and contingencies (Note 6)
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; 1,599,367 and 1,232,333 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	1,599	1,232
Additional paid-in capital	35,264,013	33,692,018
Accumulated deficit	(30,780,776)	(29,839,841)
Total stockholders’ equity	4,484,876	3,853,449
Total liabilities and stockholders’ equity	6,522,398	6,278,215
Related Party
Current liabilities:
Accounts payable and accrued liabilities - related party	$ 149,838	$ 149,838

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Balance Sheet

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