CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets:
Cash and cash equivalents $ 34,000 $ 510,000
Other receivables 0 4,000
Prepaid expenses 45,000 49,000
Inventory 61,000 0
Trading securities, at market value 2,000 1,000
Current assets of discontinued operations 13,000 13,000
Total Current Assets 155,000 577,000
Property and equipment, net 22,000 31,000
Intangible assets, net 2,000 3,000
Operating lease right-of-use asset 0 28,000
Other assets 13,000 13,000
Non-current assets of discontinued operations 0 75,000
TOTAL ASSETS 192,000 727,000
Current Liabilities:
Accounts payable and accrued liabilities 1,285,000 1,561,000
Related party short-term advances 0 1,184,000
Related party line of credit 0 1,204,000
Related party notes payable, current portion 505,000 0
Short-term notes payable 86,000 0
SBA PPP Note Payable, current portion 72,000 51,000
Operating lease liability - current portion 0 54,000
Current liabilities of discontinued operations 791,000 767,000
Total Current Liabilities 2,739,000 4,821,000
Related party notes payable 2,459,000 0
SBA PPP Note Payable 73,000 20,000
Long-term convertible notes payable, net 126,000 64,000
Derivative liability 1,333,000 1,382,000
Total Liabilities 6,730,000 6,287,000
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $0.0001 par value, 750,000,000 shares authorized 219,666,722 and 210,137,631 shares issued and outstanding as of June 31, 2021 and December 31, 2020 21,967 21,014
Additional paid-in capital 56,526,020 55,391,973
Accumulated deficit (63,086,000) (60,973,000)
Total Stockholders' Equity (Deficit) (6,538,000) (5,560,000)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 192,000 727,000
Preferred Class A [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 11 11
Preferred Class E [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, 10,000,000 shares authorized $ 2 $ 2

Source

PDF HTML
10-K Filing
XLS HTML
XBRL
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenues $ 1,000 $ 0 $ 1,000 $ 0
Related party service revenues 0 0 0 185,000
Total Revenues 1,000 0 1,000 185,000
Cost of goods sold (2,000) 0 (2,000) 0
Gross profit (loss) (1,000) 0 (1,000) 185,000
Expenses
Labor and related expenses 286,000 151,000 775,000 328,000
Rent 20,000 28,000 48,000 65,000
Depreciation and amortization 4,000 9,000 7,000 19,000
Professional fees 134,000 11,000 563,000 53,000
Research and development 5,000 0 9,000 0
Other general and administrative 55,000 55,000 101,000 117,000
Total Operating Expenses 504,000 254,000 1,503,000 582,000
Operating Loss (505,000) (254,000) (1,504,000) (397,000)
Other Income (Expense)
Interest Expense (242,000) (44,000) (344,000) (89,000)
Gain on disposition of assets 0 1,000 5,000 1,000
SBA EIDL grant 0 3,000 0 3,000
Change in value of derivative liability (68,000) 0 (172,000) 0
Unrealized gain on trading securities 0 2,000 1,000 1,000
Total Other Expense (310,000) (38,000) (510,000) (84,000)
Loss from continuing operations (815,000) (292,000) (2,014,000) (481,000)
Loss from discontinued operations (87,000) (25,000) (99,000) (63,000)
Net Loss $ (902,000) $ (317,000) $ (2,113,000) $ (544,000)
Loss from continuing operations
Basic and Diluted earnings per share $ 0 $ 0 $ (0.01) $ 0
Loss from discontinued operations
Basic and Diluted earnings per shares 0 0 0 0
Net Loss
Basic and Diluted earnings per share $ 0 $ 0 $ (0.01) $ 0
Weighted Average Common Shares
Basic and Diluted 215,562,829 202,130,131 214,416,874 201,910,351

Source

PDF HTML
10-K Filing
XLS HTML
XBRL
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:
Net loss $ (2,113,000) $ (544,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on discontinued operations 99,000 63,000
Depreciation and amortization 7,000 19,000
Common stock issued for employee compensation 239,000 25,000
Common stock issued for services 471,000 0
Amortization of debt discounts on convertible notes payable 226,000 0
Gain on disposition of assets (5,000) 0
SBA EIDL grant 0 (3,000)
Change in Value of derivative liability 172,000 0
Unrealized loss on trading securities (1,000) (1,000)
Changes in operating assets and liabilities:
Decrease in receivable from related parties 0 50,000
Decrease in other receivables 4,000 0
Decrease in prepaid expenses 4,000 13,000
Increase in inventory (61,000) 0
Increase (Decrease) in accounts payable and accrued liabilities (276,000) 223,000
Increase (Decrease) in operating lease right-of-use liability (26,000) 20,000
Increase in accrued interest on notes payable - related party 75,000 68,000
Increase in accrued interest on notes payable 2,000 0
Increase in accrued interest on convertible notes 40,000 20,000
Net cash used in operating activities from continuing operations (1,143,000) (47,000)
Net cash used in by operating activities from discontinued operations 0 (24,000)
Net cash used in Operating Activities (1,143,000) (71,000)
Cash Flows From Investing Activities:
Purchase of property and equipment 0 (5,000)
Sale of property and equipment 8,000 5,000
Net cash provided by Investing Activities 8,000 0
Cash Flows From Financing Activities:
Proceeds from related party notes payable 501,000
Proceeds from long-term notes payable 85,000
Proceeds from SBA EIDL grant 3,000
Proceeds from SBA PPP note payable 73,000 71,000
Net cash provided by Financing Activities 659,000 74,000
Net increase (decrease) in Cash (476,000) 3,000
Cash and cash equivalents at beginning of period 510,000 10,000
Cash and cash equivalents at end of period 34,000 13,000
Supplemental Disclosure of Interest and Income Taxes Paid:
Interest paid during the period $ 1,000
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Common stock issued for debt conversion $ 425,000

Source

PDF HTML
10-K Filing
XLS HTML
XBRL