Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 49,015 $ 499,470
Accounts receivable, net 3,087,420 3,110,969
Inventory 198,156 242,645
Prepaid expenses and other current assets 44,601 215,365
Income tax refunds receivable 837,460 837,460
Total current assets 6,944,959 6,363,162
Property and equipment, net 4,321,299 4,194,299
Intangible asset 259,443 259,443
Investment 8,192,476 9,016,072
Deposits 175,569 165,530
Right-of-use assets 359,194 574,256
Total assets 20,252,940 20,572,762
Current liabilities:    
Accounts payable (includes related party amounts of $97,311 and $47,636, respectively) 12,371,566 11,204,305
Accrued expenses 15,399,268 19,384,803
Income taxes payable 1,589,244 1,348,425
Current portion of notes payable 1,026,758 2,917,390
Current portion of loan payable, related party 2,168,000 2,995,000
Current portion of debentures 8,622,240
Current portion of right-of-use operating lease obligations 183,345 215,063
Derivative liability 455,336 455,336
Current liabilities of discontinued operations 9,312,174 2,165,595
Total current liabilities 42,505,691 49,308,157
Long-term liabilities:    
Accrued expenses 6,192,700
Debentures 8,222,240
Right-of-use operating lease obligations, net of current portion 175,849 359,193
Total liabilities 57,096,480 49,667,350
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.0001 par value, 250,000,000,000 shares authorized, 40,551,322,257 and 29,084,322,257 shares issued and outstanding, respectively 4,055,132 2,908,432
Additional paid-in-capital 1,670,425,144 1,671,571,834
Accumulated deficit (1,711,306,941) (1,703,577,780)
Total Rennova’s stockholders’ deficit (36,823,749) (29,094,588)
Noncontrolling interest (19,791)
Total stockholders’ deficit (36,843,540) (29,094,588)
Total liabilities and stockholders’ deficit 20,252,940 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 24 29
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock, value 82 87
Series P Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock, value 102 102
Related Party [Member]    
Current assets:    
Note receivable from related party 2,728,307 1,457,253
Current liabilities:    
Current portion of loan payable, related party $ 2,168,000 $ 2,995,000