Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
 [1]
Current Assets    
Cash and cash equivalents $ 53,700 $ 21,500
Accounts receivable, net of allowance for doubtful accounts of $179,000 536,300 640,500
Inventory 16,700 9,400
Contract assets 74,000 138,700
Prepaid expenses and other current assets 98,600 85,800
Assets held for sale 54,200 217,200
Total Current Assets 833,500 1,113,100
Property and equipment, net 28,800 38,600
Intangible Assets, net 19,300 20,700
Right of use assets 221,300 249,700
Investments 182,200 182,200
Other assets 40,100 40,100
TOTAL ASSETS 1,325,200 1,644,400
Current Liabilities    
Accounts payable 845,100 1,044,700
Accrued liabilities 3,371,200 2,953,800
Contract liabilities 513,000 536,000
Deferred revenue 13,900
Short term notes 4,263,500 3,518,000
Short term notes and accrued interest - related party 187,000 184,000
Convertible notes 1,605,000 1,605,000
Current portion of long term debt 504,400 504,300
Current portion of lease liabilities 67,600 63,100
Liabilities held for sale 58,700 85,500
Total Current Liabilities 11,429,400 10,494,400
Lease liabilities net of current portion 182,900 217,400
Long term debt 1,838,300 1,840,600
Total Liabilities 13,450,600 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 June 30, 2023 and December 31, 2022 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 (33,223,200) (32,005,100)
Total stockholders’ deficit (10,184,300) (8,966,200)
Non-controlling interest (1,941,100) (1,941,800)
Total Deficit (12,125,400) (10,908,000)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,325,200 $ 1,644,400
[1] Derived from audited information