Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
 [1]
Current Assets    
Cash and cash equivalents $ 64,300 $ 57,900
Accounts receivable, net of allowance for credit losses of $24,200 and $24,200, respectively 430,800 340,800
Inventory 2,100 16,800
Contract assets 13,900 17,000
Prepaid expenses and other current assets 270,200 81,400
Assets held for sale 54,300
Total Current Assets 781,300 568,200
Property and equipment, net 49,800 33,600
Intangible Assets, net 16,300 17,900
Right of use assets 159,700 191,300
Other assets 40,000 40,000
TOTAL ASSETS 1,047,100 851,000
Current Liabilities    
Accounts payable 1,146,000 816,600
Accrued liabilities 4,239,800 3,759,300
Contract liabilities 674,200 829,800
Deferred revenue 285,200 43,300
Customer deposits 26,800
Short term notes 4,641,800 4,243,100
Short term notes and accrued interest - related party 205,800 201,400
Convertible notes 1,605,000 1,605,000
Current portion of long-term debt and finance lease obligations 509,100 509,800
Current portion of lease liabilities 72,500 72,500
Liabilities held for sale 34,500 42,900
Total Current Liabilities 13,413,900 12,150,500
Lease liabilities net of current portion 110,500 145,100
Long term debt 1,840,300 1,843,900
Total Liabilities 15,364,700 14,139,500
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, 2024 and December 31, 2023 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 (35,404,700) (34,377,900)
Total stockholders’ deficit (12,365,800) (11,339,000)
Non-controlling interest (1,951,800) (1,949,500)
Total Deficit (14,317,600) (13,288,500)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,047,100 $ 851,000
[1] These numbers are derived from the audited financial statements for the year ended December 31, 2023.