Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS          
Cash and cash equivalents $ 457,331 $ 5,226,489 $ 3,733 $ 22,164 $ 34,704
Accounts receivable 19,082 112,254 10,160
Inventory 22,942 22,941 22,942 22,942 26,544
Other current assets 36,846
Current asset, of discontinued operations 218,015
Total Current Assets 480,273 5,249,430 45,757 157,360 326,269
PROPERTY AND EQUIPMENT, NET 1,706 1,706 2,170 7,868
RIGHT-OF-USE ASSET 82,450
INTANGIBLE ASSETS, NET 2,501,592 2,746,818 2,992,045 3,237,272 3,482,498
DEBT ISSUANCE COSTS 500,000
PRE-ACQUISITION COSTS 2,588,441
DEPOSITS 3,253,253 5,253 5,253
OTHER NONCURRENT ASSETS 5,254 2,626
TOTAL ASSETS 9,406,009 8,003,207 3,044,761 3,402,056 3,819,261
CURRENT LIABILITIES          
Accounts payable and accrued expenses 1,778,434 3,057,500 2,880,915 2,805,689 3,041,612
Accrued compensation and related liabilities 2,055,167 1,469,121 2,006,031 1,598,254 1,380,155
Accrued interest 1,734,527 1,372,413 1,049,888 737,774 455,029
Lease liabilities 82,882
Notes payable 1,369,856 1,369,856 1,369,856 1,369,856 1,369,856
Convertible notes payable 1,697,000 697,000 697,000 697,000 697,000
Derivative Liability 24,767,000 11,917,000 106,000
Total Current Liabilities 33,484,866 19,882,890 8,003,690 7,208,573 7,049,652
LONG-TERM LIABILITIES          
Convertible notes payable 1,000,000
TOTAL LIABILITIES 33,484,866 20,882,890 8,003,690 7,208,573 7,049,652
STOCKHOLDERS' DEFICIT          
Preferred stock - $0.001 par value; 50,000,000 shares authorized Series B, convertible; 13,000 shares issued and outstanding (aggregate liquidation preference of $1,300,000) 13 13 13 13 13
Common stock, $0.001 par value; 500,000,000 shares authorized; 344,029,434, 341,529,434, 341,529,434, 341,529,434, and 341,529,434 shares issued and outstanding, respectively 344,029 341,529 341,529 341,529 341,529
Additional paid-in capital 31,259,365 30,669,220 30,599,931 30,564,371 30,533,060
Accumulated deficit (55,682,264) (43,890,445) (35,900,402) (34,712,430) (34,210,969)
Accumulated other comprehensive loss 105,976
Total Stockholders' Deficit (24,078,857) (12,879,683) (4,958,929) (3,806,517) (3,230,391)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 9,406,009 $ 8,003,207 $ 3,044,761 $ 3,402,056 $ 3,819,261