v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 227,772 $ 76,902
Accounts receivable-net 65,309 99,540
Prepaid and other assets 1,368 10,234
Total current assets 294,449 186,676
Property and equipment, net of accumulated depreciation of $193,914 and $182,343, respectively 217,543 234,879
Land 603,000 603,000
Intangible assets, net 253,550 253,550
Goodwill 3,499,963 3,499,963
Deposits 13,600 13,600
Right of use - assets 62,665 90,799
Due from related party 0 23,338
Other assets 0 10,000
Total assets 4,944,770 4,915,805
Current liabilities    
Accounts payable and accrued expense 629,097 795,964
Accrued expenses - related parties 1,697,057 1,447,487
Accrued interest 710,689 586,461
Right of use - liability 64,194 92,328
Due to director & officer 126,849 136,349
Deferred revenue 367,876 235,895
Line of credit 51,481 91,099
Common stock to be issued 0 500
Notes payable 944,713 207,351
Notes payable - related party 46,545 84,746
Convertible notes payable, net of debt discounts of $649,391 and $140,619, respectively 1,549,468 595,257
Net, liabilities of discontinued operations 2,425,100 2,555,837
Derivative Liability 3,168,106 3,102,392
Total current liabilities 11,781,175 9,931,666
Other Liabilities    
Notes payable 249,057 410,000
Convertible notes payable, net of current portion and net of debt discounts of $0 and $687,849, respectively 0 484,568
Total liabilities 12,030,232 10,826,234
Shareholders' (deficit)    
Common stock; 7,500,000,000 shares authorized with $0.001 par value; 1,490,212 and 67,742 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 1,490 68
Treasury stock; 81,601 and 0 shares of Series H Preferred stock at September 30, 2020 and December 31, 2019, respectively, and 212,500 and 0 shares of Series D Preferred stock at September 30, 2020 and December 31 , 2019, respectively (2,365,864) 0
Additional paid-in capital 46,052,351 43,470,501
Accumulated deficit (63,858,637) (61,742,235)
Total deficiency in shareholders' equity (7,085,462) (5,910,429)
Total liabilities and deficiency in shareholders' equity 4,944,770 4,915,805
Preferred Stock Series B [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 7,182,014 6,933,012
Preferred Stock Series C [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 480 480
Series D Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 1,000,000 1,000,000
Series E Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 602,998 602,998
Series F Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 700,173 700,173
Series F-1 Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 142,983 142,983
Series G Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 1,300,976 1,300,976
Series H Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 476,405 0
Series I Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 195,000 195,000
Series K Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 8,201 8,200
Series K1 Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 0 1,447
Series L Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes 1,277,968 1,277,968
Series R Preferred Stock [Member]    
Shareholders' (deficit)    
Preferred Stock all classes $ 198,000 $ 198,000

Source