v3.25.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 168,208 $ 84,570
Accounts receivable, net 31,776 309,768
Prepaid expense and other current assets 29,467
Total current assets 199,984 423,805
Property and equipment, net 252,903 409,525
Operating lease right-of-use assets, net 322,616
Advance payment for acquisition 2,726,188 2,726,188
Intellectual property, net of accumulated amortization 2,798,816 3,525,816
Deposits 36,062 45,673
Total Assets 6,013,953 7,453,623
Current Liabilities    
Accounts payable and accrued liabilities 5,919,988 3,360,469
Deferred revenue 1,591,326 1,627,572
Interest payable 2,097,216 1,352,227
Notes payable, net of unamortized discount 3,340,492 3,704,326
Convertible notes payable, net of unamortized discount 3,877,944 3,047,388
Operating lease liability 357,656
Finance lease liability 10,341 10,341
Total Current Liabilities 16,981,610 13,801,416
Series B Preferred Stock, 80,000 shares designated; $0.001 par value; Stated value $10.00, 0 and 29,750 shares issued and outstanding, net of discount, respectively
Notes payable, net of unamortized discount - non-current 1,406,849 1,355,132
Convertible notes payable, net of unamortized discount - non-current 97,946
Deferred revenues - non-current 714,127 195,997
Total Liabilities 19,102,586 15,450,491
Commitments and Contingencies
Stockholders’ Deficit    
Preferred stock: 337,500 authorized; $0.001 par value Series A Preferred Stock, 150,000 shares designated; $0.001 par value; 149,492 and 149,892 shares issued and outstanding, respectively 149 150
Common stock: 500,000,000 authorized; $0.001 par value; 1,150,223 and 272,874 shares issued and outstanding, respectively 62,472 61,564
Additional paid in capital 48,592,764 47,598,254
Accumulated deficit (61,744,018) (55,656,836)
Total Stockholders’ Deficit (13,088,633) (7,996,868)
Total Liabilities and Stockholders’ Deficit 6,013,953 7,453,623
Related Party [Member]    
Current Liabilities    
Due to a related party $ 144,303 $ 341,437