Balance Sheet

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 10,903,264 $ 137,862
Prepaid Expenses 158,615 29,953
Total Current Assets 11,061,879 167,815
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS    
Right of Use Asset, net 38,738 49,364
Deposits 3,000 3,000
Total Other Assets 41,738 52,364
TOTAL ASSETS 11,103,617 220,179
CURRENT LIABILITIES:    
Accounts Payable 918,346 1,559,627
Loans Payable, Related Parties 0 9,000
Convertible Debentures Payable 240,000 5,180,342
Deferred Revenue - Participation Agreements 2,031,103 1,936,800
Accrued Interest 96,100 2,464,724
Lease Liability, current portion 26,790 29,172
Note Payable 63,500 0
Accrued Liabilities - Other 266,397 214,250
Total Current Liabilities 3,642,236 11,393,915
LONG-TERM LIABILITIES:    
Note -Payable - SBA Paycheck Protection Loan 121,700 121,700
Lease Liability, long term portion 6,709 15,178
Total Long-Term Liabilities 128,409 136,878
TOTAL LIABILITIES 3,770,645 11,530,793
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.001 par value, 150,000,000 shares authorized; 9,068,657 and 5,162,945 issued and outstanding at June 30, 2021 and December 31, 2020 9,069 5,163
Additional Paid-In Capital 110,452,205 87,747,898
Accumulated deficit (103,128,302) (99,063,675)
Total Stockholders' Equity (Deficit) 7,332,972 (11,310,614)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 11,103,617 $ 220,179

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