Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 499,470 $ 724,524
Accounts receivable, net 3,110,969 2,079,288
Note receivable / receivable from related party 1,457,253 374,473
Inventory 242,645 280,513
Prepaid expenses and other current assets 215,365 121,879
Income tax refunds receivable 837,460 1,139,226
Total current assets 6,363,162 4,719,903
Property and equipment, net 4,194,299 4,630,090
Intangible asset 259,443 259,443
Investment 9,016,072 9,016,072
Deposits 165,530 187,814
Right-of-use assets 574,256 821,274
Total assets 20,572,762 19,634,596
Current liabilities:    
Accounts payable (includes related party amounts of $47,636 and $0.3 million, respectively) 11,514,322 12,135,237
Accrued expenses (includes related party amounts of $0 and $0.3 million, respectively) 19,563,808 15,499,935
Income taxes payable 1,348,425 1,337,342
Current portion of notes payable 2,917,390 4,667,819
Current portion of loan payable, related party 2,995,000 2,127,000
Current portion of debentures 8,622,240 8,222,240
Current portion of right-of-use operating lease obligations 215,063 247,017
Current portion of finance lease obligation 220,461 220,461
Derivative liabilities 455,336 455,336
Current liabilities of discontinued operations 1,456,112 1,449,476
Total current liabilities 49,308,157 46,361,863
Right-of-use operating lease obligations, net of current portion 359,193 574,257
Total liabilities 49,667,350 46,936,120
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock
Common stock, $0.0001 par value, 250,000,000,000 shares authorized, 29,084,322,257 and 4,244,700 shares issued and outstanding, respectively 2,908,432 424
Additional paid-in-capital 1,671,571,834 1,342,085,957
Accumulated deficit (1,703,577,780) (1,369,408,356)
Total stockholders’ deficit (29,094,588) (27,301,524)
Total liabilities and stockholders’ deficit 20,572,762 19,634,596
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 17,500
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock
Series L Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 2,500 2,500
Series M Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 208 208
Series N Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 29 59
Series O Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock 87 99
Series P Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock $ 102 $ 85