Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 6,701 $ 12,467
Accounts receivable 384
Prepaid expenses and other current assets 12,662 908,091
Inventory, net 3,909 1,013
Total current assets 23,272 921,955
Property and equipment, net 509 2,132
Intangible assets, net 515,212
Total assets 23,781 1,439,299
Current liabilities:    
Accounts payable 458,175 509,818
Accounts payable - related party 152,302
Accrued expenses and other current liabilities 1,361,194 1,160,643
Accrued expenses - related party 1,097,974
Deferred revenue - related party 104,782 104,782
Convertible note payable - related party, net of discount, current portion - in default 1,402,000 1,371,668
Convertible notes payable, current portion - in default 250,000 250,000
Notes payable - related parties, current portion - portions in default 1,948,429 758,257
Note payable marketing agreement 450,000 450,000
Derivative liability, current portion 9,451 54,242
Warrant liability 461,744
Total current liabilities 7,696,051 4,659,410
Warrant liability 925,806
Total liabilities 7,696,051 5,585,216
COMMITMENTS AND CONTINGENCIES (See Note 14)
Stockholders' deficit:    
Preferred stock value
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 111,131,373 and 110,131,373 shares issued and outstanding at December 31, 2019 and 2018, respectively 111,131 110,131
Additional paid-in capital 19,322,864 19,156,138
Accumulated deficit (27,106,348) (23,412,269)
Total stockholders' deficit (7,672,270) (4,145,917)
Total liabilities and stockholders' deficit 23,781 1,439,299
Series A preferred stock    
Stockholders' deficit:    
Preferred stock value $ 83 $ 83