Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 2,466 $ 274,380
Accounts receivable 0 3,735
Prepaid expenses 492,661 147,262
Total current assets 495,127 425,377
OTHER ASSETS:    
Operating lease - right of use asset 48,403 98,280
Security deposit 32,058 32,058
Total other assets 80,461 130,338
TOTAL ASSETS 575,588 555,715
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT):    
Accounts payable 1,093,469 993,090
Accounts payable - related party 79,405 172,670
Customer deposits 15,000 0
Current portion of long-term operating lease 50,920 106,342
Convertible debentures payable 240,000 240,000
Loan Payable 287,533 0
Accrued interest 101,876 100,686
Accrued liabilities - employee bonus 1,002,999 1,148,770
Total current liabilities 2,871,202 2,761,558
LONG TERM LIABILITIES: 0 0
TOTAL LIABILITIES 2,871,202 2,761,558
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $0.001 par value, 25,000,000 and 25,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 2,789,655 and 2,382,356 issued and outstanding at March 31, 2024, and December 31, 2023, respectively 3,319 2,382
Additional paid-in capital 130,797,635 121,373,488
Accumulated deficit (133,096,568) (123,581,714)
Total stockholders' equity (deficit) (2,295,614) (2,205,844)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 575,588 $ 555,715