Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 61,835 $ 16,933
Accounts receivable, net 3,688,605 3,565,447
Inventory 650,764 614,344
Prepaid expenses and other current assets 13,993 487
Income tax refunds receivable 1,760,988 642,503
Current assets of AMSG and HTS classified as held for sale 482,664 505,389
Total current assets 6,658,849 5,345,103
Property and equipment, net 8,065,984 8,231,830
Intangibles, net 509,443 509,443
Deposits 287,153 337,153
Right-of-use assets 239,701 274,747
Non-current assets of AMSG and HTS classified as held for sale 4,614 9,383
Total assets 15,765,744 14,707,659
Current liabilities:    
Accounts payable (includes related parties amount of $0.7 million and $0.6 million, respectively) 14,370,877 13,691,250
Checks issued in excess of bank account balance 114,548 275,124
Accrued expenses (includes related parties amount of $2.2 million and $2.0 million, respectively) 17,291,717 14,583,954
Income taxes payable 1,373,669 1,373,669
Current portion of notes payable 4,887,110 3,977,710
Current portion of notes payable, related party 18,229,408 15,159,455
Current portion of finance lease obligations 1,018,711 1,119,418
Current portion of debentures 29,653,740 29,873,740
Current portion of right-of-use operating lease obligations 129,714 116,037
Derivative liabilities 455,336 455,336
Current liabilities of AMSG and HTS classified as held for sale 2,791,951 2,792,502
Total current liabilities 90,316,781 83,418,195
Other liabilities:    
Right-of-use operating lease obligations, net of current portion 109,987 158,710
Total liabilities 90,426,768 83,576,905
Commitments and contingencies
Stockholders' deficit:    
Preferred stock value
Common stock, $0.0001 par value, 10,000,000,000 shares authorized, 9,898,936,775 and 9,648,936,775 shares issued and outstanding 989,894 964,894
Additional paid-in-capital 509,437,399 509,437,399
Accumulated deficit (592,733,792) (586,942,014)
Total stockholders' deficit (82,286,499) (76,519,721)
Total liabilities and stockholders' deficit 15,765,744 14,707,659
Redeemable Preferred Stock I-1 [Member]    
Other liabilities:    
Redeemable Preferred Stock 5,835,294 5,835,294
Redeemable Preferred Stock I-2 [Member]    
Other liabilities:    
Redeemable Preferred Stock 1,790,181 1,815,181
Series H Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value
Series F Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 17,500 17,500
Total stockholders' deficit   17,500
Series K Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value $ 2,500 2,500
Total stockholders' deficit   $ 2,500