Balance Sheet

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 111,700 $ 47,300 [1]
Accounts receivable, net of allowance for doubtful accounts of $800 and $11,800, respectively 547,800 375,600 [1]
Inventory 149,200 250,200 [1]
Costs and estimated earnings in excess of billings on uncompleted contracts 6,800 [1]
Prepaid expenses and other current assets 386,500 110,600 [1]
Total Current Assets 1,195,200 790,500 [1]
Property and equipment, net 521,400 548,000 [1]
Intangible Assets, net 439,300 447,300 [1]
Right of use assets 338,300 380,400 [1]
Other assets 90,500 50,500 [1]
TOTAL ASSETS 2,584,700 2,216,700 [1]
Current Liabilities    
Accounts payable 954,800 1,109,200 [1]
Accrued liabilities 2,097,400 1,977,200 [1]
Billings in excess of costs and estimated earnings on uncompleted contracts 408,500 323,900 [1]
Deferred revenue 22,000 30,200 [1]
Payroll taxes payable 1,093,700 1,085,400 [1]
Customer deposits 16,400 16,400
Paycheck protection program liabilities 720,400 590,300 [1]
Short term notes 2,914,600 3,032,800 [1]
Short term notes and accrued interest - related party 217,100 208,100 [1]
Convertible notes 1,605,000 1,605,000 [1]
Current portion of long-term debt and capital lease obligations 523,900 523,900
Current portion of lease liabilities 48,900 78,100 [1]
Total Current Liabilities 10,622,700 10,580,500 [1]
Deferred revenue, non-current [1]
Lease liabilities net of current portion 322,000 334,700 [1]
Long term debt and capital lease obligations, net of current portion 694,500 30,300 [1]
Total Liabilities 11,639,200 10,945,500 [1]
Commitments and contingencies [1]
Stockholders' deficit    
Preferred stock; $.001 par value; 5,000,000 shares authorized; -0- shares issued [1]
Common stock; $.001 par value; 70,000,000 shares authorized; 65,088,575 shares issued, issuable ** and outstanding December 31, 2020 and December 31, 2019 [2] 65,100 65,100 [1]
Common stock issuable 25,000 25,000 [1]
Additional paid-in capital 22,965,900 22,961,200 [1]
Stock Subscription receivable (25,000) (25,000) [1]
Accumulated deficit (30,011,300) (29,693,700) [1]
Total stockholders' deficit (6,980,300) (6,667,400) [1]
Non-controlling interest (2,074,200) (2,061,400) [1]
Total Deficit (9,054,500) (8,728,800) [1]
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,584,700 $ 2,216,700 [1]
[1] These numbers were derived from the audited financial statements for the year ended December 31, 2020.
[2] Includes 3,185,000 shares issuable as of March 31, 2021 and December 31, 2020, per terms of note agreements.

Source