Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 401,592 $ 376,425
Accounts receivable - net 331,425 722,156
Inventory 362,000 998,440
Prepaid expenses and other assets 93,942 87,630
Total current assets 1,188,959 2,184,651
Fixed assets - net 2,255 76,156
Goodwill 8,366,467 8,366,467
Total assets 9,557,681 10,627,274
Current liabilities:    
Accounts payable and accrued liabilities 2,342,140 1,570,115
Accounts payable and accrued liabilities - related party 153,838 153,838
Shareholder advance 100,000 475,000
Deferred revenue 596,333 2,025,333
Equity financing 125,000 375,000
Total current liabilities 3,317,311 4,599,286
Long-term liabilities:    
Loans payable 433,567 293,972
Total long-term liabilities 433,567 293,972
Total liabilities 3,750,878 4,893,258
Commitments and contingencies
Stockholders’ equity:    
Series A Convertible Preferred stock, $0.001 par value; 900,000 shares authorized; 39,810 and 84,872 shares issued and outstanding, respectively 40 85
Common stock, $0.001 par value; 45,000,000 shares authorized; 11,060,656 and 9,895,600 shares issued and outstanding, respectively 11,061 9,896
Additional paid-in capital 28,947,819 25,920,858
Accumulated deficit (23,152,117) (20,196,823)
Total stockholders’ equity 5,806,803 5,734,016
Total liabilities and stockholders’ equity $ 9,557,681 $ 10,627,274