v3.21.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 663,651 $ 18,540
Accounts receivable 538,632 131,228
Inventories, net of $342,496 reserve at September 30, 2021 and December 31, 2020 796,418 592,767
Prepaid expenses and other current assets 620,960 314,936
Total current assets 2,619,661 1,057,471
Investment in equity securities 112,550 517,001
Property and equipment, net 2,366 16,490
Right of use asset leases 173,274 221,432
Intangible assets, net 425,481 490,385
TOTAL ASSETS 3,333,332 2,302,779
CURRENT LIABILITIES    
Accounts payable 418,020 771,945
Accrued employee compensation 142,375 417,578
Accrued professional fees and other 2,021,783 2,037,806
Other current liabilities 7,108,447 6,330,722
Deferred revenue 44,176 47,328
Convertible debt, net of unamortized discounts of $2,692,163 and $3,948,167, respectively 11,760,299 7,545,670
Other debt, net of unamortized discounts of $1,291 and $0, respectively 1,070,526 1,135,469
Operating lease liability 71,301 65,193
Other related party debt 38,000 166,000
Total current liabilities 22,674,927 18,517,711
LONG TERM LIABILITIES    
Long term debt 527,038 527,039
Operating lease liability – long term 101,973 156,239
Deferred revenue 8,654 19,382
TOTAL LIABILITIES 23,312,592 19,220,371
COMMITMENTS AND CONTINGENCIES (Note 4)  
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 100,000,000 shares authorized; 8,345,120 and 4,168,324 shares issued and outstanding on September 30, 2021 and December 31, 2020 respectively 83,451 41,683
Warrants to acquire common stock 31,607,879 29,192,471
Additional paid-in capital 62,307,524 50,312,968
Accumulated deficit (113,979,213) (96,465,807)
Total stockholders’ deficit (19,979,260) (16,917,592)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 3,333,332 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 $ 87 $ 81

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