v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Cash and cash equivalents 222,000 510,000
Other receivables 4,000
Prepaid expenses 78,000 49,000
Inventory 25,000
Trading securities, at market value 2,000 1,000
Current assets of discontinued operations 13,000 13,000
Total Current Assets 340,000 577,000
Property and equipment, net 25,000 31,000
Intangible assets, net 2,000 3,000
Operating lease right-of-use asset 13,000 28,000
Other assets 14,000 13,000
Non-current assets of discontinued operations 75,000 75,000
TOTAL ASSETS 469,000 727,000
Current Liabilities:
Accounts payable and accrued liabilities 1,680,000 1,561,000
Related party short-term advances 1,202,000 1,184,000
Related party line of credit 1,222,000 1,204,000
SBA PPP Note Payable, current portion 59,000 51,000
Operating lease liability - current portion 22,000 54,000
Current liabilities of discontinued operations 779,000 767,000
Total Current Liabilities 4,964,000 4,821,000
SBA PPP Note Payable 86,000 20,000
Long-term convertible notes payable, net 118,000 64,000
Derivative liability 1,486,000 1,382,000
Total Liabilities 6,654,000 6,287,000
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2021 and December 31, 2020; 20,000 Class E shares issued and outstanding as of March 31, 2021 and December 31, 2020 13 13
Common stock, $0.0001 par value, 750,000,000 shares authorized 214,537,631 and 210,137,631 shares issued and outstanding as of March 31, 2021 and December 31, 2020 21,454 21,014
Additional paid-in capital 55,977,533 55,391,973
Accumulated deficit (62,184,000) (60,973,000)
Total Stockholders' Equity (Deficit) (6,185,000) (5,560,000)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 469,000 727,000
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 March 31, 2021 and December 31, 2020; 20,000 Class E shares issued and outstanding as of March 31, 2021 and December 31, 2020 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 March 31, 2021 and December 31, 2020; 20,000 Class E shares issued and outstanding as of March 31, 2021 and December 31, 2020 2 2
Total Stockholders' Equity (Deficit) 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 2 2

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v3.20.2
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]
Related party service revenues 185,000
Gross Margin 185,000
Expenses
Labor and related expenses 489,000 177,000
Rent 28,000 37,000
Depreciation and amortization 3,000 10,000
Professional fees 429,000 42,000
Research and development 4,000
Other general and administrative 46,000 62,000
Total Operating Expenses 999,000 328,000
Operating Loss (999,000) (143,000)
Other Income (Expense)
Interest Expense (102,000) (45,000)
Loss on disposition of assets 5,000
Change in value of derivative liability (104,000)
Unrealized gain (loss) on trading securities 1,000 (1,000)
Total Other Expense (200,000) (46,000)
Loss from continuing operations (1,199,000) (189,000)
Loss from discontinued operations (12,000) (38,000)
Net Loss (1,211,000) (227,000)
Loss from continuing operations
Basic and Diluted earnings per share (0.01) 0
Loss from discontinued operations
Basic and Diluted earnings per share 0 0
Net Loss
Basic and Diluted earnings per share (0.01) 0
Weighted Average Common Shares
Basic and Diluted 213,258,187 201,690,571

Source

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:
Net Loss (1,211,000) (227,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on discontinued operations (12,000) (38,000)
Depreciation and amortization 3,000 10,000
Common stock issued for employee compensation 215,000 25,000
Common stock issued for services 371,000
Amortization of debt discounts on convertible notes payable 34,000
Gain on disposition of assets 5,000
Change in Value of derivative liability (104,000)
Unrealized loss on trading securities 1,000 (1,000)
Changes in operating assets and liabilities:
(Increase) Decrease in accounts receivables 1,000
(Increase) Decrease in receivable from related parties (50,000)
Increase in other receivables (4,000)
(Increase) Decrease in prepaid expenses 29,000
Increase in inventory 25,000
Increase in other assets 1,000
Increase in accounts payable and accrued liabilities 119,000 40,000
Decrease in operating lease right-of-use liability (16,000) (3,000)
Increase in accrued interest on short-term advances - related party 18,000 17,000
Increase in accrued interest on line of credit - related party 18,000 17,000
Increase in accrued interest on SBA PPP notes payable 1,000
Increase in accrued interest and liquidated damages on convertible notes 20,000 10,000
Net cash used in operating activities from continuing operations (369,000) (23,000)
Net cash provided by operating activities from discontinued operations 28,000
Net cash provided by (used in) Operating Activities (369,000) 5,000
Cash Flows From Investing Activities:
Purchase of property and equipment 5,000
Sale of property and equipment 8,000 1,000
Net cash provided by (used in) Investing Activities 8,000 (4,000)
Cash Flows From Financing Activities:
Proceeds from SBA PPP note payable 73,000
Net Cash Provided by Financing Activities 73,000
Net increase (decrease) in Cash, cash equivalents, and restricted cash (288,000) 1,000
Cash, cash equivalents, and restricted cash at beginning of period 510,000 10,000
Cash, cash equivalents, and restricted cash at end of period 222,000 11,000
Supplemental Disclosure of Interest and Income Taxes Paid:
Interest paid during the period 1,000
Income taxes paid during the period

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