Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 389,690 $ 225,276
Prepaid expenses and other current assets 72,922 139,345
TOTAL CURRENT ASSETS 462,612 364,621
TOTAL ASSETS 462,612 364,621
CURRENT LIABILITIES    
Accounts payable and accrued expenses 911,744 745,011
Accrued payroll and related expenses 79,166 79,166
Accrued Series B preferred stock dividends 379,480 304,653
Convertible notes payable, net of discount 443,700
TOTAL CURRENT LIABILITIES 1,377,890 1,580,030
TOTAL LIABILITIES 1,377,890 1,580,030
Redeemable convertible preferred stock - Series A; $0.0001 par value, 1,500 authorized, 480 shares issued and outstanding (liquidation preference of $735,600 and $721,200) as of June 30, 2023 and December 31, 2022, respectively 735,600 721,200
STOCKHOLDERS’ DEFICIT    
Preferred stock, value
Common stock, $0.0001 par value, 300,000,000 shares authorized, 3,241,941 and 2,279,019 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 324 228
Unearned deferred compensation (1,459,884) (187,329)
Additional paid-in capital 38,278,618 33,428,115
Accumulated deficit (38,469,938) (35,177,625)
TOTAL STOCKHOLDERS’ DEFICIT (1,650,878) (1,936,609)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 462,612 364,621
Series B Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Preferred stock, value 2 2
Series E-1 Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Preferred stock, value
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable - related parties $ 7,500 $ 7,500