Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 724,524 $ 25,353
Accounts receivable, net 2,079,288 499,454
Receivable from related party 374,473
Inventory 280,513 445,415
Prepaid expenses and other current assets 121,879 148,522
Income tax refunds receivable 1,139,226 1,420,251
Current assets of discontinued operations 184,510
Total current assets 4,719,903 2,723,505
Property and equipment, net 4,630,090 7,814,435
Intangible asset 259,443 259,443
Investments 9,016,072
Deposits 187,814 263,621
Right-of-use assets 821,274 1,000,272
Non-current assets of discontinued operations 200,815
Total assets 19,634,596 12,262,091
Current liabilities:    
Checks issued in excess of bank account balance 84,760
Accounts payable (includes related party amounts of $0.3 million and $0.3 million, respectively) 12,135,237 14,251,851
Accrued expenses (includes related party amounts of $0.3 million and $0.2 million, respectively) 15,499,935 19,135,569
Income taxes payable 1,337,342 1,438,837
Current portion of notes payable 4,667,819 4,786,976
Current portion of note payable, related party 2,127,000 2,097,000
Current portion of debentures 8,222,240 12,690,539
Current portion of right-of-use operating lease obligations 247,017 172,952
Current portion of finance lease obligation 220,461 249,985
Derivative liabilities 455,336 455,336
Current liabilities of discontinued operations 1,449,476 3,814,245
Total current liabilities 46,361,863 59,178,050
Other liabilities:    
Notes payable, net of current portion 1,196,256
Right-of-use operating lease obligations, net of current portion 574,257 827,320
Non-current liabilities of discontinued operations 78,217
Total liabilities 46,936,120 61,279,843
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.0001 par value, 50,000,000,000 shares authorized, 4,244,700 and 4 shares issued and outstanding, respectively 424
Additional paid-in-capital 1,342,085,957 819,498,240
Accumulated deficit (1,369,408,356) (868,536,506)
Total stockholders’ deficit (27,301,524) (49,017,752)
Total liabilities and stockholders’ deficit 19,634,596 12,262,091
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 17,500 17,500
Series L Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 2,500 2,500
Series M Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 208 220
Series N Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 59 294
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 99
Series P Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock $ 85