Annual report pursuant to Section 13 and 15(d)

Stockholders??? (Deficit) (Tables)

v3.24.1.1.u2
Stockholders’ (Deficit) (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summary of Preferred Stock

Below is a summary table of the preferred stock:

 

    December 31, 2023     December 31, 2022  
Series D Convertible Preferred Stock, $.01 par value; 850 shares authorized; 75 shares issued and outstanding on December 31, 2023, and 300 shares issued and outstanding on December 31, 2022 (Liquidation value of $300,000)   $ -     $ 3  
Series G Convertible Preferred Stock, $.01 par value; 240,000 shares authorized; no shares issued and outstanding on December 31, 2023 and 80,570 shares issued and outstanding on December 31, 2022     -       806  
Series H Convertible Preferred Stock, $.01 par value; 10,000 shares authorized; no shares issued and outstanding on December 31, 2023 and 10,000 shares issued and outstanding on December 31, 2022     -       100  
Series J Convertible Preferred Stock, $.01 par value; 6,250 shares authorized; no shares issued and outstanding on December 31, 2023 and 3,458 shares issued and outstanding on December 31, 2022     -       35  
Series K Convertible Preferred Stock, $.01 par value; 15,000 shares authorized; no shares issued and outstanding on December 31, 2023 and 6,880 shares issued and outstanding on December 31, 2022     -       68  
Series AA Convertible Preferred Stock, $.01 par value; 10,000 shares authorized; 8,645 shares issued and outstanding on December 31, 2023 and December 31, 2022, respectively     86       86  
Series BB Convertible Preferred Stock, $.01 par value; 1,000 shares authorized; 1,219 shares issued and outstanding on December 31, 2023 (1) and no shares outstanding at December 31, 2022     12       -  
Series CC Convertible Preferred Stock, $.01 par value; 2,000 shares authorized; 401 shares issued and outstanding on December 31, 2023 and no shares outstanding at December 31, 2022     4       -  
Series H2 Convertible Preferred Stock, $.01 par value; 21 shares authorized; no shares issued and outstanding on December 31, 2023 and 21 shares issued and outstanding on December 31, 2022     -       -  
Series A Junior Participating Preferred Stock, $.01 par value, 20,000 shares authorized, no shares outstanding     -       -  
Series A Convertible Preferred Stock, $.01 par value, 313,960 shares authorized, no shares outstanding     -       -  
Series B Convertible Preferred Stock, $.01 par value, 279,256 shares authorized, no shares outstanding     -       -  
Series C Convertible Preferred Stock, $.01 par value, 88,098 shares authorized, no shares outstanding     -       -  
Series E Convertible Preferred Stock, $.01 par value, 500 shares authorized, no shares outstanding     -       -  
Total Convertible Preferred Shares   $ 102     $ 1,098  

 

  (1) 219 shares of the Series BB Convertible Preferred Stock are accounted for as a short-term liability in the amount of $1,000,000 due to the company exceeding its stated authorized amount.
Schedule of Options and Warrants Outstanding and Exercisable

The following tables summarize information concerning options and warrants outstanding and exercisable:

Schedule of Options and Warrants Outstanding and Exercisable

    Stock Options     Warrants     Total  
    Shares     Weighted
Average
price per
share		     Shares     Weighted
Average
price per
share		     Shares     Exercisable  
Balance outstanding, December 31, 2021     1,333,101     $ 0.72       16,207,108     $ 3.50       17,540,209       17,308,567  
Granted     -       -       277,500       3.50       277,500       -   
Exercised     (25,279 )     0.69       -       -       (25,279 )        
Expired     -       -       (205,839 )     3.50       (205,839 )        
                                                 
Balance outstanding, December 31, 2022     1,307,822     $ 0.72       16,278,769     $ 3.50       17,586,591       17,570,591  
Granted     7,151,238       0.25       100,000       3.50       7,251,238       -   
Exercised     (117,552 )     0.69       -       -       (117,552 )        
Expired     -       -       (801,415 )     3.50       (645,829 )      

 

 
Forfeited     (3,420,754 )     -       -       -       (3,420,754 )        
Balance outstanding, December 31, 2023     4,920,754     $ 0.25       15,577,354     $ 3.50       20,628,305       18,625,326  
Schedule of Share-based Compensation Stock Option Plans by Exercise Price Range

 

      Options Outstanding     Options Exercisable  
      Weighted Average     Weighted Average  
Range of
Exercise Prices		     Number of
Options		     Remaining
Contractual
Life
(Years)		     Exercise
Price		     Number of
Options		     Remaining
Contractual
Life
(Years)		     Exercise
Price		  
$ 0.25     $ 1.00       4,920,754       8.5     $ 0.25       3,047,972       7.8     $ 0.25  
$ 1.01     $ 3.00       -       -     $ -       -       -     $ -  
                  4,920,754       8.5     $ 0.25       3,047,972       7.8     $ 0.25