Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 23,491 $ 71,075
Accounts receivable - net 302,591 464,851
Inventory 44,500 156,600
Prepaid expenses and other assets 327,903 63,942
Total current assets 698,485 756,468
Fixed assets - net
Goodwill 8,366,467 8,366,467
Total assets 9,064,952 9,122,935
Current liabilities:    
Accounts payable and accrued liabilities 1,657,432 1,432,710
Accounts payable and accrued liabilities - related party 153,838 153,838
Shareholder advance 100,000 100,000
Deferred revenue 589,000 472,750
Equity financing 125,000 125,000
Total current liabilities 2,625,270 2,284,298
Long-term liabilities:    
Loans payable 293,972 433,567
Total long-term liabilities 293,972 433,567
Total liabilities 2,919,242 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; 11,726,428 and 11,293,030 shares issued and outstanding, respectively 11,727 11,293
Additional paid-in capital 30,735,143 29,805,028
Subscriptions payable 600,000 600,000
Accumulated deficit (25,201,200) (24,011,291)
Total stockholders’ equity 6,145,710 6,405,070
Total liabilities and stockholders’ equity $ 9,064,952 $ 9,122,935