Annual report [Section 13 and 15(d), not S-K Item 405]

Statement of Financial Position, Unclassified - Real Estate Operations

v3.25.1
Statement of Financial Position, Unclassified - Real Estate Operations - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 1,542,442 $ 274,380
Accounts receivable 2,211 3,735
Prepaid expenses 90,789 147,262
Total current assets 1,635,442 425,377
OTHER ASSETS:    
Operating lease - right of use asset 0 98,280
Security deposit 7,680 32,058
Total other assets 7,680 130,338
TOTAL ASSETS 1,643,122 555,715
CURRENT LIABILITIES:    
Accounts payable 547,090 993,090
Accounts payable - related party 194,762 172,670
Current portion of long-term operating lease 0 106,342
Convertible debentures payable 0 240,000
Current portion of note payable 138,164 0
Accrued interest 65,628 100,686
Accrued liabilities - employee bonus 1,096,178 1,148,770
Total current liabilities 2,041,822 2,761,558
LONG TERM LIABILITIES:    
Long-term operating lease, net of current portion 116,197 0
Total long-term liabilities 116,197 0
TOTAL LIABILITIES 2,158,019 2,761,558
STOCKHOLDERS' (DEFICIT):    
Common stock, $0.001 par value, 25,000,000 and 25,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 3,621,335 and 2,382,356 issued and outstanding at December 31, 2024, and December 31, 2023, respectively 3,621 2,383
Additional paid-in capital 136,448,032 121,373,488
Accumulated deficit (136,966,550) (123,581,714)
Total stockholders' (deficit) (514,897) (2,205,843)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) $ 1,643,122 $ 555,715