Balance Sheet

v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEET (March 31, 2021 unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 231,935 $ 137,862
Prepaid Expenses 226,447 29,953
Total Current Assets 458,382 167,815
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS    
Right of Use Asset, net 44,125 49,364
Deferred Offering Expenses 143,377 0
Deposits 3,000 3,000
Total Other Assets 190,502 52,364
TOTAL ASSETS 648,884 220,179
CURRENT LIABILITIES:    
Accounts Payable 1,735,159 1,559,627
Loans Payable, Related Parties 0 9,000
Convertible Debentures Payable 5,180,342 5,180,342
Deferred Revenue - Participation Agreements 2,001,001 1,936,800
Accrued Interest 2,599,613 2,464,724
Lease Liability, current portion 32,362 29,172
Note Payable 158,650 0
Accrued Liabilities - Other 233,898 214,250
Total Current Liabilities 11,941,025 11,393,915
LONG-TERM LIABILITIES:    
Note -Payable - SBA Paycheck Protection Loan 121,700 121,700
Lease Liability, long term portion 9,929 15,178
Total Long-Term Liabilities 131,629 136,878
TOTAL LIABILITIES 12,072,654 11,530,793
STOCKHOLDERS' DEFICIT:    
Common Stock, Value 421,119 413,036
Additional Paid-In Capital 89,437,765 87,340,025
Accumulated deficit (101,282,654) (99,063,675)
Total Stockholders' Deficit (11,423,770) (11,310,614)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 648,884 $ 220,179

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