Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 85,972 $ 13,420
Accounts receivable, net of allowance for doubtful accounts of $0 7,477 942
Prepaid expenses and other current assets 30,724 31,825
Total current assets 124,173 46,187
Property, Plant and Equipment, net 1,580
Patents, net 2,397,540 2,559,268
Total assets 2,521,713 2,607,035
Current liabilities    
Accounts payable 721,840 700,932
Accrued interest 2,107,022 1,904,136
Deferred compensation 3,485,361 3,384,117
Notes payable, net of discounts of $100,987 and $201,157 as of March 31, 2021 and December 31, 2020 6,598,509 6,491,039
Notes payable - former related party 137,500 143,000
Derivative liability 5,289,597 4,202,597
Total current liabilities 18,339,829 16,825,821
Acquisition payable 155,000 155,000
Total liabilities 18,494,829 16,980,821
COMMITMENTS AND CONTINGENCIES, note 10
Shareholders' deficit    
Common stock, $0.0001 par value; 2,500,000,000 shares authorized; 51,523,571 and 24,536,689 shares issued and outstanding as of March 31, 2021 and December 31, 2020 5,152 2,453
Additional paid-in capital 40,042,679 38,963,827
Stock subscriptions (1,570) (1,570)
Accumulated deficit (56,019,403) (53,338,522)
Total shareholders' deficit (15,973,116) (14,373,786)
Total liabilities and shareholders' deficit 2,521,713 2,607,035
Super AA Super Voting Preferred Stock [Member]    
Shareholders' deficit    
Preferred stock value 25 25
Series B Convertible Preferred Stock [Member]    
Shareholders' deficit    
Preferred stock value 1 1
Series C Convertible Preferred Stock [Member]    
Shareholders' deficit    
Preferred stock value
Series D Convertible Preferred Stock [Member]    
Shareholders' deficit    
Preferred stock value