Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v3.24.1.1.u2
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 138,641 $ 274,380
Accounts receivable 3,735 3,735
Prepaid expenses 568,241 147,262
Total current assets 710,617 425,377
OTHER ASSETS:    
Operating lease - right of use asset 73,721 98,280
Security deposit 32,058 32,058
Total other assets 105,779 130,338
TOTAL ASSETS 816,396 555,715
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT):    
Accounts payable 705,841 993,090
Accounts payable - related party 211,170 172,670
Current portion of long-term operating lease 79,033 106,342
Convertible debentures payable 240,000 240,000
Loan Payable 460,053 0
Accrued interest 101,278 100,686
Accrued liabilities - employee bonus 1,287,920 1,148,770
Total current liabilities 3,085,295 2,761,558
LONG TERM LIABILITIES: 0 0
TOTAL LIABILITIES 3,085,295 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 2,791 2,383
Additional paid-in capital 122,588,510 121,373,488
Accumulated deficit (124,860,200) (123,581,714)
Total stockholders' equity (deficit) (2,268,899) (2,205,843)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 816,396 $ 555,715