Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 510,000 $ 10,000
Receivable from related parties 50,000
Other receivables 4,000
Prepaid expenses 49,000 15,000
Trading securities, at market value 1,000 1,000
Current assets of discontinued operations 13,000 27,000
Total Current Assets 577,000 103,000
Property and equipment, net 31,000 59,000
Intangible assets, net 3,000 6,000
Operating lease right-of-use asset 28,000 80,000
Other assets 13,000 13,000
Non-current assets of discontinued operations 75,000 100,000
TOTAL ASSETS 727,000 361,000
Current Liabilities:    
Accounts payable and accrued liabilities 1,561,000 1,141,000
Related party short-term advances 1,184,000 1,115,000
Related party line of credit 1,204,000 1,134,000
Short-term convertible notes payable, net 550,000
SBA PPP Note Payable, current portion 51,000
Operating lease liability - current portion 54,000 92,000
Current liabilities of discontinued operations 767,000 715,000
Total Current Liabilities 4,821,000 4,747,000
SBA PPP Note Payable 20,000
Long-term convertible notes payable, net 64,000
Derivative liability 1,382,000
Total Liabilities 6,287,000 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 December 31, 2020 and December 31, 2019; 20,000 Class E shares issued and outstanding as of December 31, 2020 and December 31, 2019 13 13
Common stock, $0.0001 par value, 750,000,000 shares authorized 210,137,631 and 200,880,131 shares issued and outstanding as of December 31, 2020 and December 31, 2019 21,014 20,088
Additional paid-in capital 55,391,973 53,509,899
Accumulated deficit (60,973,000) (57,916,000)
Total Stockholders' Equity (Deficit) (5,560,000) (4,386,000)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 727,000 361,000
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 December 31, 2020 and December 31, 2019; 20,000 Class E shares issued and outstanding as of December 31, 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 December 31, 2020 and December 31, 2019; 20,000 Class E shares issued and outstanding as of December 31, 2020 and December 31, 2019 2 2
Total Stockholders' Equity (Deficit) 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 2 $ 2