Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 12,895 $ 12,144
Other current assets 55,200 9,100
Total current assets 68,095 21,244
Property and equipment, net 8,322 9,685
Operating lease right-of-use assets, net 97,181 112,079
Other assets 70,711 70,711
Total assets 244,309 213,719
Current liabilities:    
Accounts payable 672,040 608,384
Accrued payroll and payroll taxes 2,005,147 1,868,973
Short-term promissory notes, less unamortized debt issuance costs of $101,080 and $139,794, respectively 212,920 174,206
Short-term convertible notes payable, less unamortized debt issuance costs of $212,409 and $130,252, respectively 2,189,296 1,891,736
Current portion of operating lease liabilities 72,300 69,946
Other current liabilities 312 1,742
Total current liabilities 5,152,015 4,614,987
Long-term liabilities:    
Operating lease liabilities, net of current portion 37,501 56,356
Total long-term liabilities 37,501 56,356
Total liabilities 5,189,516 4,671,343
Stockholders’ deficit:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 2,403 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
Common stock, $0.0001 par value, 100,000,000 shares authorized; 1,605,377 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 161 161
Additional paid-in capital 10,404,920 10,223,939
Accumulated deficit (15,350,288) (14,681,724)
Total stockholders’ deficit (4,945,207) (4,457,624)
Total liabilities and stockholders’ deficit $ 244,309 $ 213,719