Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 8,538 $ 13,420
Accounts receivable, net of allowance for doubtful accounts of $0 9,417 942
Prepaid expenses and other current assets 20,725 31,825
Total current assets 38,680 46,187
Property, Plant and Equipment, net 1,580
Patents, net 2,235,812 2,559,268
Total assets 2,274,492 2,607,035
Current liabilities    
Accounts payable 711,235 700,932
Accrued interest 2,164,506 1,904,136
Deferred compensation 3,739,806 3,384,117
Notes payable, net of discounts of $70,236 and $201,157 as of June 30, 2021, and December 31, 2020 6,538,340 6,491,039
Notes payable – former related party 121,000 143,000
Derivative liability 5,903,803 4,202,597
Total current liabilities 19,178,690 16,825,821
Acquisition payable 79,825 155,000
Total liabilities 19,258,515 16,980,821
COMMITMENTS AND CONTINGENCIES, note 10
Shareholders’ deficit    
Preferred stock value
Common stock, $0.0001 par value; 2,500,000,000 shares authorized; 60,659,771 and 24,536,689 shares issued and outstanding as of June 30, 2021, and December 31, 2020 6,067 2,453
Additional paid-in capital 40,327,526 38,963,827
Stock subscriptions (1,570) (1,570)
Accumulated deficit (57,316,072) (53,338,522)
Total shareholders’ deficit (16,984,023) (14,373,786)
Total liabilities and shareholders’ deficit 2,274,492 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