v3.21.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 46,625 $ 18,540
Accounts receivable 629,766 131,228
Inventories, net of $342,496 reserve at June 30, 2021 and December 31, 2020 492,095 592,767
Prepaid expenses and other current assets 219,161 314,936
Total current assets 1,387,647 1,057,471
Investment in equity securities 274,621 517,001
Property and equipment, net 7,431 16,490
Right of use asset leases 189,808 221,432
Intangible assets, net 447,115 490,385
TOTAL ASSETS 2,306,622 2,302,779
CURRENT LIABILITIES    
Accounts payable 628,835 771,945
Accrued employee compensation 420,510 417,578
Accrued professional fees and other 2,163,563 2,037,806
Other current liabilities 8,165,281 6,330,722
Deferred revenue 49,189 47,328
Convertible debt, net of unamortized discounts of $2,353,152 and $3,948,167, respectively 10,909,314 7,545,670
Other debt, net of unamortized discounts of $5,495 and $0, respectively 1,363,931 1,135,469
Operating lease liability 69,204 65,193
Other related party debt 184,600 166,000
Total current liabilities 23,954,427 18,517,711
LONG TERM LIABILITIES    
Long term debt 527,038 527,039
Operating lease liability – long term 120,604 156,239
Deferred revenue 7,446 19,382
TOTAL LIABILITIES 24,609,515 19,220,371
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 6,260,884 and 4,168,324 shares issued and outstanding on June 30, 2021 and December 31, 2020 respectively 62,608 41,683
Warrants to acquire common stock 30,911,495 29,192,471
Additional paid-in capital 55,317,862 50,312,968
Accumulated deficit (108,595,951) (96,465,807)
Total stockholders’ deficit (22,302,893) (16,917,592)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 2,306,622 2,302,779
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock 3 3
Series G Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock 806 806
Series H Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock 100 100
Series H2 Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock
Series J Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock 35 35
Series K Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock 68 68
Series AA Convertible Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIT    
Convertible Preferred Stock $ 81 $ 81

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