Annual report pursuant to Section 13 and 15(d)

Stockholders??? Deficit (Tables)

v3.23.1
Stockholders’ Deficit (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Stockholders’ Deficit

The following table summarizes the activity in the Company’s various classes of preferred stock included in Stockholders’ Deficit for the years ended December 31, 2022 and 2021:

  

    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount  
    Series H     Series F     Series L     Series M     Series N     Series O     Series P     Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount  
Balance December 31, 2021     10     $         -       1,750,000     $ 17,500       250,000     $ 2,500       20,810     $       208       5,936     $      59       9,900     $       99       8,545     $      85       2,045,201     $ 20,451  
Conversion of Series F Preferred Stock into common stock     -       -       (1,750,000 )     (17,500 )     -       -       -       -       -       -               -       -       -       (1,750,000 )     (17,500 )
Issuances of Series P Preferred Stock     -       -       -       -       -       -       -       -       -       -       -       -       1,650       17       1,650       17  
Conversions of Series N Preferred Stock into common stock     -       -       -       -       -       -       -               (3,036 )     (30 )     -       -       -       -       (3,036 )     (30 )
Conversions of Series O Preferred Stock into common stock     -       -       -       -       -       -       -       -       -       -       (1,215 )     (12 )     -       -       (1,215 )     (12 )
Balance December 31, 2022     10     $ -       -     $ -       250,000     $ 2,500       20,810     $ 208       2,900     $ 29       8,685     $ 87       10,195     $ 102       292,600     $ 2,926  

 

    Series H     Series F     Series L     Series M     Series N     Series O     Series P     Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount  
Balance December 31, 2020     10     $         -       1,750,000     $ 17,500       250,000     $ 2,500       22,000     $     220       29,434     $     294          -     $         -              -     $         -       2,051,444     $ 20,514  
Issuances of Series O Preferred Stock     -       -       -       -       -       -       -       -       -       -       9,900       99       -       -       9,900       99  
Issuance of Series P Preferred Stock     -       -       -       -       -       -       -       -       -       -       -       -       8,545       85       8,545       85  
Exchange of Series M Preferred Stock for common stock     -       -       -       -       -       -       (570 )     (6 )     -       -       -       -       -       -       (570 )     (6 )
Conversion of Series M Preferred Stock into common stock     -       -       -       -       -       -       (620 )     (6 )     -       -       -       -       -       -       (620 )     (6 )
Conversions of Series N Preferred Stock into common stock     -       -       -       -       -       -       -       -       (23,498 )     (235 )     -       -       -       -       (23,498 )     (235 )
Balance December 31, 2021     10     $ -       1,750,000     $ 17,500       250,000     $ 2,500       20,810     $ 208       5,936     $ 59       9,900     $ 99       8,545     $ 85       2,045,201     $ 20,451  
Schedule of Stock Option Activity

 

   

Number of

options

   

Weighted-

average

exercise price

   

Weighted-

average

contractual term (years)

 
Outstanding at December 31, 2020     26     $ 2,992,125       5.33  
Granted     -                  
Expired     -                  
Outstanding at December 31, 2021     26     $ 2,992,125       4.33  
Granted     -                  
Expired     -                  
Outstanding at December 31, 2022     26     $ 2,992,125       3.37  
                         
Exercisable at December 31, 2022     26     $ 2,992,125          
Schedule of Stock Option Outstanding and Exercisable

The following table summarizes information with respect to stock options outstanding and exercisable by employees and directors at December 31, 2022:

 

Options outstanding     Options vested and exercisable  
Exercise price     Number outstanding     Weighted average remaining contractual life (years)     Weighted average exercise price     Aggregate intrinsic value     Number vested     Weighted average exercise price     Aggregate intrinsic value  
$ 10,000,000       5       3.25     $ 10,000,000     $ -       5     $ 10,000,000     $ -  
$ 5,000,000       5       3.25     $ 5,000,000       -       5     $ 5,000,000       -  
$ 269,580       8       3.33     $ 269,580       -       8     $ 269,580       -  
$ 80,906       8       3.54     $ 80,906       -       8     $ 80,906       -  
          26       3.37     $ 2,992,125     $       26     $ 2,992,125     $ -  
Schedule of Warrants Activity

The following summarizes the information related to the number of shares of common stock issuable under outstanding warrants during the years ended December 31, 2022 and 2021:

 

   

Number of

Shares of

Common Stock

Issuable for

Warrants

   

Weighted

average exercise price

 
Balance at December 31, 2020     467     $ 195,607  
Issuance of warrants     4,750       70.00  
Increase in number of shares of common stock issuable under
warrants during the period as a result of down round provisions
    54,798,363       -  
Expiration of warrants     (522,922 )     (27.11 )
Balance at December 31, 2021     54,280,658     $ 1.43  
Issuance of warrants     -       -  
Expiration of warrants     (33,601,211 )     (0.9141 )
Increase in number of shares of common stock issuable under warrants during the period as a result of down round provisions     511,312,671,643       -  
Balance at December 31, 2022     511,333,351,090     $ 0.00009