Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 331,491 $ 25,353
Accounts receivable, net 998,759 499,454
Receivable from related party 158,118
Inventory 280,762 445,415
Prepaid expenses and other current assets 151,938 148,522
Income tax refunds receivable 1,139,226 1,420,251
Current assets of discontinued operations 184,510
Total current assets 3,060,294 2,723,505
Property and equipment, net 7,060,539 7,814,435
Intangibles, net 259,443 259,443
Investments 9,016,072
Deposits 221,063 263,621
Right-of-use assets 877,412 1,000,272
Non-current assets of discontinued operations 5,014 200,815
Total assets 20,499,837 12,262,091
Current liabilities:    
Accounts payable (includes related party amounts of $0.5 million and $0.3 million, respectively) 13,960,059 14,251,851
Checks issued in excess of bank account balance 79,518 84,760
Accrued expenses (includes related party amounts of $0.3 million and $0.2 million, respectively) 17,442,164 19,135,569
Income taxes payable 1,157,812 1,438,837
Current portion of notes payable 7,051,278 4,786,976
Current portion of note payable, related party 2,627,000 2,097,000
Current portion of finance lease obligations 220,461 249,985
Current portion of debentures 12,690,539 12,690,539
Current portion of right-of-use operating lease obligations 237,026 172,952
Derivative liabilities 455,336 455,336
Current liabilities of discontinued operations 1,447,967 3,814,245
Total current liabilities 57,369,160 59,178,050
Other liabilities:    
Notes payable, net of current portion 1,196,256
Right-of-use operating lease obligations, net of current portion 640,386 827,320
Non-current liabilities of discontinued operations 78,217
Total liabilities 58,009,546 61,279,843
Commitments and contingencies  
Stockholders’ deficit:    
Common stock, $0.0001 par value, 10,000,000,000 shares authorized, 4,777,350,000 and 39,648 shares issued and outstanding, respectively 477,735 4
Additional paid-in-capital 1,233,162,879 819,498,236
Accumulated deficit (1,271,170,696) (868,536,506)
Total stockholders’ deficit (37,509,709) (49,017,752)
Total liabilities and stockholders’ deficit 20,499,837 12,262,091
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Series O preferred stock, $0.01 par value, 10,000 shares authorized, 5,500 and 0 shares issued and outstanding, respectively
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Series O preferred stock, $0.01 par value, 10,000 shares authorized, 5,500 and 0 shares issued and outstanding, respectively 17,500 17,500
Series L Preferred Stock [Member]    
Stockholders’ deficit:    
Series O preferred stock, $0.01 par value, 10,000 shares authorized, 5,500 and 0 shares issued and outstanding, respectively 2,500 2,500
Series M Preferred Stock [Member]    
Stockholders’ deficit:    
Series O preferred stock, $0.01 par value, 10,000 shares authorized, 5,500 and 0 shares issued and outstanding, respectively 208 220
Series N Preferred Stock [Member]    
Stockholders’ deficit:    
Series O preferred stock, $0.01 par value, 10,000 shares authorized, 5,500 and 0 shares issued and outstanding, respectively 110 294
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Series O preferred stock, $0.01 par value, 10,000 shares authorized, 5,500 and 0 shares issued and outstanding, respectively $ 55