Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 25,353 $ 16,933
Accounts receivable, net 499,454 3,565,447
Inventory 445,415 614,344
Prepaid expenses and other current assets 148,522 487
Income tax refunds receivable 1,420,251 642,503
Current assets of discontinued operations classified as held for sale 184,510 505,389
Total current assets 2,723,505 5,345,103
Property and equipment, net 7,814,435 8,231,830
Intangibles, net 259,443 509,443
Deposits 263,621 237,139
Right-of-use assets 1,000,272 88,905
Non-current assets of discontinued operations classified as held for sale 200,815 295,239
Total assets 12,262,091 14,707,659
Current liabilities:    
Accounts payable (includes related parties amount of $0.3 million and $0.6 million, respectively) 14,251,851 12,809,723
Checks issued in excess of bank account balance 84,760 275,124
Accrued expenses (includes related parties amount of $0.2 million and $2.0 million, respectively) 19,135,569 14,245,292
Income taxes payable 1,438,837 1,373,669
Current portion of notes payable 4,786,976 3,977,710
Current portion of note payable, related party 2,097,000 15,159,455
Current portion of finance lease obligations 249,985 1,119,418
Current portion of debentures 12,690,539 29,873,740
Current portion of right-of-use operating lease obligations 172,952 30,311
Derivative liability 455,336 455,336
Current liabilities of discontinued operations classified as held for sale 3,814,245 4,098,417
Total current liabilities 59,178,050 83,418,195
Other liabilities:    
Note payable, net of current portion 1,196,256
Right-of-use operating lease obligations, net of current portion 827,320 58,594
Non-current liabilities of discontinued operations classified as held for sale 78,217 100,116
Total liabilities 61,279,843 83,576,905
Commitments and contingencies
Redeemable Preferred Stock
Stockholders' deficit:    
Preferred stock value
Common stock, $0.0001 par value, 10,000,000,000 shares authorized, 39,648,679 and 964,894 shares issued and outstanding 3,965 96
Additional paid-in-capital 819,494,275 510,402,197
Accumulated deficit (868,536,506) (586,942,014)
Total stockholders' deficit (49,017,752) (76,519,721)
Total liabilities and stockholders' deficit 12,262,091 14,707,659
Redeemable Preferred Stock I-1 [Member]    
Other liabilities:    
Redeemable Preferred Stock 5,835,294
Redeemable Preferred Stock I-2 [Member]    
Other liabilities:    
Redeemable Preferred Stock 1,815,181
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
Series K Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 2,500
Total stockholders' deficit   2,500
Series L Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 2,500
Series M Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value 220
Series N Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value $ 294