Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 10,958 $ 724,524
Accounts receivable, net 3,330,734 2,079,288
Note receivable / receivable from related party 961,169 374,473
Inventory 273,644 280,513
Prepaid expenses and other current assets 116,848 121,879
Income tax refunds receivable 1,139,226 1,139,226
Total current assets 5,832,579 4,719,903
Property and equipment, net 4,312,188 4,630,090
Intangible asset 259,443 259,443
Investment 9,016,072 9,016,072
Deposits 227,814 187,814
Right-of-use assets 640,386 821,274
Total assets 20,288,482 19,634,596
Current liabilities:    
Accounts payable (includes related party amounts of $0.3 million and $0.3 million, respectively) 12,380,408 12,135,237
Accrued expenses (includes related party amounts of $0.1 million and $0.3 million, respectively) 19,352,488 15,499,935
Income taxes payable 1,337,342 1,337,342
Current portion of notes payable 3,119,505 4,667,819
Current portion of loan payable, related party 3,027,000 2,127,000
Current portion of debentures 8,222,240 8,222,240
Current portion of right-of-use operating lease obligations 239,449 247,017
Current portion of finance lease obligation 220,461 220,461
Derivative liabilities 455,336 455,336
Current liabilities of discontinued operations 1,447,762 1,449,476
Total current liabilities 49,801,991 46,361,863
Right-of-use operating lease obligations, net of current portion 400,937 574,257
Total liabilities 50,202,928 46,936,120
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.0001 par value, 250,000,000,000 shares authorized, 15,094,322,257 and 4,244,700 shares issued and outstanding, respectively 1,509,432 424
Additional paid-in-capital 1,672,970,822 1,342,085,957
Accumulated deficit (1,704,397,638) (1,369,408,356)
Total stockholders’ deficit (29,914,446) (27,301,524)
Total liabilities and stockholders’ deficit 20,288,482 19,634,596
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively 17,500
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively
Series L Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively 2,500 2,500
Series M Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively 208 208
Series N Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively 36 59
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively 92 99
Series P Preferred Stock [Member]    
Stockholders’ deficit:    
Series P preferred stock, $0.01 par value, $1,000 stated value per share, 30,000 shares authorized, 10,195 and 8,545 shares issued and outstanding, respectively $ 102 $ 85