Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 340,956 $ 84,402
Accounts receivable
Inventories 50,000 586,047
Notes receivable
Other current assets 2,075
Total current assets 393,031 670,449
Property and equipment, net 28,046 1,728
Intangible assets, net 5,700 21,905
Operating lease right-of-use assets, net 262,771
Other assets 20,711
Total assets 710,259 694,082
Current liabilities:    
Accounts payable 39,674 16,005
Accrued payroll and payroll taxes 1,072 59,707
Short-term convertible notes payable, less unamortized debt issuance costs of $53,614 and $97,832, respectively 647,202 518,668
Current portion of operating lease liabilities 46,091
Other current liabilities 179 523
Total current liabilities 734,218 594,903
Long-term liabilities:    
Operating lease liabilities, net of current portion 240,625
Total long-term liabilities 240,625
Total liabilities 974,843 594,903
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 37,295,803 and 35,201,513 shares issued and outstanding at December 31, 2021 and 2020, respectively 3,730 3,520
Additional paid-in capital 3,997,445 1,356,799
Accumulated deficit (4,265,759) (1,261,140)
Total stockholders’ equity (deficit) (264,584) 99,179
Total liabilities and stockholders’ equity (deficit) $ 710,259 $ 694,082