Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 725,517 $ 499,470
Accounts receivable, net 2,881,150 3,110,969
Note receivable / receivable from related party $ 2,334,251 $ 1,457,253
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventory $ 235,365 $ 242,645
Prepaid expenses and other current assets 383,526 215,365
Income tax refunds receivable 837,460 837,460
Total current assets 7,397,269 6,363,162
Property and equipment, net 4,277,790 4,194,299
Intangible asset 259,443 259,443
Investment 9,016,072 9,016,072
Deposits 164,413 165,530
Right-of-use assets 440,310 574,256
Total assets 21,555,297 20,572,762
Current liabilities:    
Accounts payable (includes related party amounts of $23,155 and $47,636, respectively) 13,008,981 11,514,322
Accrued expenses 19,319,575 19,563,808
Income taxes payable 1,865,425 1,348,425
Current portion of notes payable 1,318,315 2,917,390
Current portion of loan payable, related party 2,253,000 2,995,000
Current portion of debentures 8,222,240 8,622,240
Current portion of right-of-use operating lease obligations 168,761 215,063
Current portion of finance lease obligation 220,461 220,461
Derivative liability 455,336 455,336
Current liabilities of discontinued operations 1,464,209 1,456,112
Total current liabilities 48,296,303 49,308,157
Right-of-use operating lease obligations, net of current portion 271,549 359,193
Total liabilities 48,567,852 49,667,350
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.0001 par value, 250,000,000,000 shares authorized, 29,934,322,257 and 29,084,322,257 shares issued and outstanding, respectively 2,993,432 2,908,432
Additional paid-in-capital 1,671,486,835 1,671,571,834
Accumulated deficit (1,701,494,387) (1,703,577,780)
Total Rennova stockholders’ deficit (27,011,195) (29,094,588)
Noncontrolling interest (1,360)
Total stockholders’ deficit (27,012,555) (29,094,588)
Total liabilities and stockholders’ deficit 21,555,297 20,572,762
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value
Series L Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 2,500 2,500
Series M Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 208 208
Series N Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 29 29
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 86 87
Series P Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value $ 102 $ 102