Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 13,000 $ 10,000
Accounts receivable, net 14,000 77,000
Prepaid expenses 2,000 15,000
Trading securities, at market value 2,000 1,000
Total Current Assets 31,000 103,000
Property and equipment, net 41,000 59,000
Capitalized gaming assets and licensing rights, net 100,000 100,000
Intangible assets, net 5,000 6,000
Operating lease right-of-use asset 45,000 80,000
Other assets 13,000 13,000
TOTAL ASSETS 235,000 361,000
Current Liabilities:    
Accounts payable and accrued liabilities 2,083,000 1,834,000
Related party short-term advances 1,149,000 1,115,000
Related party line of credit 1,168,000 1,134,000
Convertible notes payable, net 570,000 550,000
SBA PPP Note Payable, current portion 28,000
Operating lease liability - current portion 23,000 92,000
Current liabilities of discontinued operations 22,000 22,000
Total Current Liabilities 5,043,000 4,747,000
SBA PPP Note Payable 43,000
Operating lease liability 54,000
Total Liabilities 5,140,000 4,747,000
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2020 and December 31, 2019, 20,000 Class E shares issued and outstanding as of June 30, 2020 and December 31, 2019 13 13
Common stock, $0.0001 par value, 750,000,000 shares authorized 202,130,131 and 200,880,131 shares issued and outstanding as of June 30, 2020 and December 31, 2019 20,213 20,088
Additional paid-in capital 53,534,774 53,509,899
Accumulated deficit (58,460,000) (57,916,000)
Total Stockholders' Equity (Deficit) (4,905,000) (4,386,000)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 235,000 361,000
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2020 and December 31, 2019, 20,000 Class E shares issued and outstanding as of June 30, 2020 and December 31, 2019 11 11
Total Stockholders' Equity (Deficit) 11 11
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 11 11
Preferred Class E [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of June 30, 2020 and December 31, 2019, 20,000 Class E shares issued and outstanding as of June 30, 2020 and December 31, 2019 2 2
Total Stockholders' Equity (Deficit) 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 2 $ 2