Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
 [1]
Current Assets    
Cash and cash equivalents $ 45,100 $ 21,500
Accounts receivable, net of allowance for doubtful accounts of $179,000 219,200 640,500
Inventory 24,100 9,400
Contract assets 155,900 138,700
Prepaid expenses and other current assets 158,900 85,800
Assets held for sale 217,200 217,200
Total Current Assets 820,400 1,113,100
Property and equipment, net 33,600 38,600
Intangible Assets, net 20,000 20,700
Right of use assets 235,700 249,700
Investments 182,200 182,200
Other assets 40,100 40,100
TOTAL ASSETS 1,332,000 1,644,400
Current Liabilities    
Accounts payable 780,200 1,044,800
Accrued liabilities 3,111,900 2,953,800
Contract liabilities 446,200 536,000
Short term notes 4,208,300 3,517,000
Short term notes and accrued interest - related party 179,800 184,000
Convertible notes 1,605,000 1,605,000
Current portion of long-term debt 504,300 505,900
Current portion of lease liabilities 65,300 63,100
Liabilities held for sale 76,400 85,500
Total Current Liabilities 10,977,400 10,495,100
Lease liabilities net of current portion 200,400 217,400
Long term debt 1,838,800 1,839,900
Total Liabilities 13,016,600 12,552,400
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 (32,784,500) (32,005,100)
Total stockholders’ deficit (9,745,600) (8,966,200)
Non-controlling interest (1,939,000) (1,941,800)
Total Deficit (11,684,600) (10,908,000)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,332,000 $ 1,644,400
[1] These numbers were derived from the audited financial statements for the year ended December 31, 2022.