v3.20.2
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

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v3.20.2
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]
Related party service revenues 185,000 302,000
Gross Margin 185,000 302,000
Expenses
Labor and related expenses 2,030,000 724,000
Rent 113,000 145,000
Depreciation and amortization 38,000 37,000
Professional fees 101,000 95,000
Research and development 14,000
Other general and administrative 210,000 270,000
Total Operating Expenses 2,506,000 1,271,000
Operating Loss (2,321,000) (969,000)
Other Income (Expense)
Interest Expense (247,000) (247,000)
Loss on disposition of assets (11,000)
Bargain purchase gain on acquisition of subsidiary (11,000)
SBA EIDL grant (3,000)
Loss on issuance of long-term convertible notes payable (514,000)
Change in value of derivative liability 132,000
Litigation settlement costs 500,000
Unrealized loss on trading securities (3,000)
Total Other Expense (626,000) (750,000)
Loss from continuing operations (2,947,000) (1,719,000)
Loss from discontinued operations (110,000) (246,000)
Net Loss (3,057,000) (1,965,000)
Loss from continuing operations
Basic and Diluted earnings per share (0.01) (0.01)
Loss from discontinued operations
Basic and Diluted earnings per share 0 0
Net Loss
Basic and Diluted earnings per share (0.01) (0.01)
Weighted Average Common Shares
Basic and Diluted 203,839,473 199,910,816

Source

Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2020
Cash Flows From Operating Activities:
Net Loss (3,057,000) (1,965,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on discontinued operations (110,000) (246,000)
Depreciation and amortization 38,000 37,000
Common stock issued for employee compensation 1,335,000 143,000
Amortization of debt discount on convertible notes payable 50,000 62,000
Loss on disposition of assets (11,000)
Bargain purchase gain on acquisition of subsidiary (11,000)
SBA EIDL grant (3,000)
Loss on issuance of long-term convertible notes payable (514,000)
Change in Value of derivative liability 132,000
Unrealized loss on trading securities (3,000)
Changes in operating assets and liabilities:
(Increase) Decrease in receivable from related parties (50,000) 48,000
Increase in other receivables 4,000
(Increase) Decrease in prepaid expenses 34,000 (6,000)
(Increase) Decrease in operating lease right-of-use asset 14,000 (9,000)
Increase in other assets 7,000
Increase in accounts payable and accrued liabilities 420,000 719,000
Increase in accrued interest on short-term advances - related party 69,000 46,000
Increase in accrued interest on line of credit - related party 70,000 66,000
Increase in accrued interest and liquidated damages on convertible notes 59,000 156,000
Net cash used in operating activities from continuing operations (501,000) (545,000)
Net cash used in operating activities from discontinued operations (20,000) (218,000)
Net Cash Used in Operating Activities (521,000) (763,000)
Cash Flows From Investing Activities:
Purchase of property and equipment 15,000
Sale of property and equipment 9,000
Net Cash Used in Investing Activities (6,000)
Cash Flows From Financing Activities:
Proceeds from short-term advances - related party 749,000
Proceeds from long-term convertible notes 1,000,000
Proceeds from SBA EIDL grant 3,000
Proceeds from SBA PPP note payable 71,000
Payments on short-term convertible notes payable 47,000
Net Cash Provided by Financing Activities 1,027,000 749,000
Net increase (decrease) in Cash, cash equivalents, and restricted cash 500,000 (14,000)
Cash, cash equivalents, and restricted cash at beginning of period 10,000 24,000
Cash, cash equivalents, and restricted cash at end of period 510,000 10,000
Supplemental Disclosure of Interest and Income Taxes Paid:
Interest paid during the period 1,000 4,000
Income taxes paid during the period
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Debt discounts on long-term convertible notes payable 1,000,000
Warrants issued for debt settlement 96,000
Common stock issued for debt conversion 452,000 100,000

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