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 $ 8,304 $ 478
Prepaid expenses and other assets 12,896 7,665
TOTAL CURRENT ASSETS 21,200 8,143
TOTAL ASSETS 21,200 8,143
CURRENT LIABILITIES    
Accounts payable and accrued expenses 308,157 189,611
Accrued payroll and related expenses 48,006 36,337
Accrued bonus 150,000
Notes payable - related parties 63,992
Debentures 137,500 165,000
Paycheck protection program loan - current portion 34,163
Convertible bridge notes, at fair value 3,598,000 2,440,090
Current liabilities held for disposal 818,926
TOTAL CURRENT LIABILITIES 4,189,818 3,799,964
Paycheck protection program loan - net of current portion 108,779
Convertible bridge notes, at fair value 32,910
TOTAL LIABILITIES 4,298,597 3,832,874
Redeemable convertible preferred stock - Series A; $0.0001 par value, 1,500 designated Series A, 600 shares issued and outstanding (liquidation preference of $784,044) 784,044 748,604
STOCKHOLDERS' DEFICIT    
Common stock, $0.0001 par value, 300,000,000 shares authorized, 19,512,517 and 2,079,898 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 1,947 208
Unearned deferred compensation (148,333)
Subscription receivable (25,000)
Additional paid-in capital 11,021,840 6,475,667
Accumulated deficit (15,911,895) (11,049,210)
TOTAL STOCKHOLDERS' DEFICIT (5,061,441) (4,573,335)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 21,200 8,143
Series B Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Preferred stock, value
Series E-1 Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Preferred stock, value