Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 16,933 $ 6,870
Accounts receivable, net 3,565,447 3,811,749
Inventory 614,344 453,402
Prepaid expenses and other current assets 487 78,820
Income tax refunds receivable 642,503 631,077
Current assets of AMSG and HTS classified as held for sale 505,389 140,352
Total current assets 5,345,103 5,122,270
Property and equipment, net 8,231,830 8,526,904
Intangibles, net 509,443 259,443
Deposits 337,153 278,864
Right-of-use assets 274,747
Non-current assets of AMSG and HTS classified as held for sale 9,383 11,819
Total assets 14,707,659 14,199,300
Current liabilities:    
Accounts payable (includes related parties amount of $0.6 million and $0.4 million, respectively) 13,691,250 8,155,955
Checks issued in excess of bank balance 275,124 109,695
Accrued expenses (includes related parties amount of $2.0 million and $0.3 million, respectively) 14,583,954 10,711,281
Income taxes payable 1,373,669 1,400,651
Current portion of notes payable 3,977,710 7,083,505
Current portion of notes payable, related parties 15,159,455 800,000
Current portion of finance lease obligations 1,119,418 730,665
Current portion of debentures 29,873,740 12,776,316
Right-of-use operating lease obligations 116,037
Derivative liabilities 455,336 350,260
Current liabilities of AMSG and HTS classified as held for sale 2,792,502 2,297,846
Total current liabilities 83,418,195 44,416,174
Other liabilities:    
Finance lease obligations, net of current portion 31,543
Right-of-use operating lease obligations 158,710
Total liabilities 83,576,905 44,447,717
Commitments and contingencies
Stockholders' deficit:    
Common stock, $0.0001 par value, 10,000,000,000 shares authorized, 9,648,936,775 and 128,567,273 shares issued and outstanding 964,894 12,857
Additional paid-in-capital 509,437,399 375,845,883
Accumulated deficit (586,942,014) (415,046,606)
Total stockholders' deficit (76,519,721) (39,167,864)
Total liabilities and stockholders' deficit 14,707,659 14,199,300
Redeemable Preferred Stock I-1 [Member]    
Other liabilities:    
Redeemable Preferred Stock 5,835,294 5,835,294
Redeemable Preferred Stock I-2 [Member]    
Other liabilities:    
Redeemable Preferred Stock 1,815,181 3,084,153
Series G Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 2
Total stockholders' deficit 2
Series H Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value
Series F Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 17,500 17,500
Total stockholders' deficit 17,500 17,500
Series J Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 2,500
Total stockholders' deficit 2,500
Series K Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 2,500
Total stockholders' deficit $ 2,500