Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 47,300 $ 354,700
Accounts receivable, net of allowance for doubtful accounts of $1,000 and $11,800, respectively 375,600 686,800
Inventory 250,200 104,100
Costs and estimated earnings in excess of billings on uncompleted contracts 6,800 242,500
Prepaid expenses and other current assets 110,600 141,700
Total Current Assets 790,500 1,529,800
Property and equipment, net 548,000 561,800
Intangible Assets, net 447,300 479,500
Right of use assets 380,400 437,300
Other assets 50,500 53,500
TOTAL ASSETS 2,216,700 3,061,900 [1]
Current Liabilities    
Accounts payable 1,109,200 1,189,400
Accrued liabilities 1,977,200 1,506,800
Billings in excess of costs and estimated earnings on uncompleted contracts 323,900 327,100
Deferred revenue 30,200 32,900
Payroll taxes payable 1,085,400 1,052,200
Customer deposits 16,400 10,900
Paycheck protection program liabilities 590,300
Short term notes 3,032,800 2,408,100
Short term notes and accrued interest - related party 208,100 182,100
Convertible notes 1,605,000 1,605,000
Current portion of long-term debt and capital lease obligations 523,900 258,100
Current portion of lease liabilities 78,100 86,100
Total Current Liabilities 10,580,500 8,658,700
Deferred revenue, non-current 30,200
Lease liabilities net of current portion 334,700 381,900
Long term debt and capital lease obligations, net of current portion 30,300 268,400
Total Liabilities 10,945,500 9,339,200
Commitments and contingencies
Stockholders' deficit    
Preferred stock; $.001 par value; 5,000,000 shares authorized; -0- shares issued
Common stock; $.001 par value; 70,000,000 shares authorized; 65,088,575 and 62,591,075 shares issued, issuable ** and outstanding December 31, 2020 and December 31, 2019, respectively 65,100 62,600
Common stock issuable 25,000 25,000
Additional paid-in capital 22,961,200 22,651,100
Stock Subscription receivable (25,000) (25,000)
Accumulated deficit (29,693,700) (26,964,300)
Total stockholders' deficit (6,667,400) (4,250,600)
Non-controlling interest (2,061,400) (2,026,700)
Total Deficit (8,728,800) (6,277,300)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,216,700 $ 3,061,900
[1] excludes assets of discontinued operations segment of $432,100.