Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 21,500 $ 188,800
Accounts receivable, net of allowance for doubtful accounts of $179,000 and $0, respectively 640,500 536,600
Inventory 9,400 201,700
Contract assets 138,700 3,600
Prepaid expenses and other current assets 85,800 111,300
Total Current Assets 895,900 1,042,000
Property and equipment, net 255,700 433,000
Intangible Assets, net 20,700 419,300
Right of use assets 249,700 302,300
Investments 182,200
Other assets 40,200 40,600
TOTAL ASSETS 1,644,400 2,237,200
Current Liabilities    
Accounts payable 1,085,700 471,200
Accrued liabilities 2,963,800 2,230,100
Contract liabilities 536,000 525,900
Paycheck protection program liabilities 96,600
Short term notes 3,517,000 2,843,900
Short term notes and accrued interest - related party 184,000 180,800
Convertible notes 1,605,000 1,605,000
Current portion of long term debt 531,300 525,600
Current portion of lease liabilities 63,100 54,700
Total Current Liabilities 10,485,900 8,533,800
Lease liabilities net of current portion 217,400 280,300
Long term debt, net of current portion 1,849,100 1,619,600
Total Liabilities 12,552,400 10,433,700
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 shares issued, issuable ** and outstanding December 31, 2022 and December 31, 2021 65,100 65,100
Common stock issuable 25,000 25,000
Additional paid-in capital 22,973,800 22,973,800
Stock Subscription receivable (25,000) (25,000)
Accumulated deficit (32,005,100) (29,364,800)
Total stockholders’ deficit (8,966,200) (6,325,900)
Non-controlling interest (1,941,800) (1,870,600)
Total Deficit (10,908,000) (8,196,500)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,644,400 $ 2,237,200