Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 199,632 $ 25,353
Accounts receivable, net 499,454
Inventory 490,988 445,415
Prepaid expenses and other current assets 175,162 148,522
Income tax refunds receivable 1,139,226 1,420,251
Current assets of discontinued operations 184,510
Total current assets 2,005,008 2,723,505
Property and equipment, net 7,515,703 7,814,435
Intangibles, net 259,443 259,443
Investments 8,500,000
Deposits 282,163 263,621
Right-of-use assets 910,541 1,000,272
Non-current assets of discontinued operations 152,298 200,815
Total assets 19,625,156 12,262,091
Current liabilities:    
Accounts payable (includes related party amounts of $0.4 million and $0.3 million, respectively) 15,969,902 14,251,851
Checks issued in excess of bank account balance 203,784 84,760
Accrued expenses (includes related party amounts of $0.3 million and $0.2 million, respectively) 17,975,899 19,135,569
Income taxes payable 1,157,812 1,438,837
Current portion of notes payable 6,394,997 4,786,976
Current portion of note payable, related party 2,627,000 2,097,000
Current portion of finance lease obligations 249,985 249,985
Current portion of debentures 12,690,539 12,690,539
Current portion of right-of-use operating lease obligations 217,937 172,952
Derivative liabilities 455,336 455,336
Current liabilities of discontinued operations 1,532,782 3,814,245
Total current liabilities 59,475,973 59,178,050
Other liabilities:    
Notes payable, net of current portion 797,007 1,196,256
Right-of-use operating lease obligations, net of current portion 692,604 827,320
Non-current liabilities of discontinued operations 78,217
Total liabilities 60,965,584 61,279,843
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.0001 par value, 10,000,000,000 shares authorized, 10,000,000 and 39,648 shares issued and outstanding, respectively 1,000 4
Additional paid-in-capital 971,608,828 819,498,236
Accumulated deficit (1,012,970,661) (868,536,506)
Total stockholders’ deficit (41,340,428) (49,017,752)
Total liabilities and stockholders’ deficit 19,625,156 12,262,091
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 17,500 17,500
Series L Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 2,500 2,500
Series M Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 214 220
Series N Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 163 294
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value $ 28