v3.22.2.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 230,880 $ 132,311
Accounts receivable 166,314 154,746
Inventories, net of $342,496 reserve at September 30,2022 and December 31, 2021 1,386,527 1,147,554
Prepaid expenses and other current assets 218,476 422,617
Total current assets 2,002,197 1,857,228
Investment in equity securities 51,929 59,976
Property and equipment, net 111,884 115,846
Right of use asset leases 313,564 395,565
Intangible assets, net 360,577 403,846
TOTAL ASSETS 2,840,151 2,832,461
CURRENT LIABILITIES    
Accounts payable 608,054 527,924
Accrued employee compensation 221,938 117,680
Accrued professional fees and other 2,435,910 1,955,672
Accrued interest and dividends payable 9,929,179 7,757,217
Deferred revenue 127,091 37,124
Convertible debt, net of unamortized debt discounts of $434,313 and $1,536,649, respectively 16,708,661 12,839,813
Other debt, net of unamortized discounts of $0 and $0, respectively 1,555,775 1,256,840
Related party, net of unamortized debt discount of $19,149 and $0, respectively 565,501
Operating lease liability 141,649 132,996
Total current liabilities 32,293,758 24,625,266
LONG TERM LIABILITIES    
Long term debt 150,000 150,000
Operating lease liability – long term 171,915 262,569
Deferred revenue 3,587
TOTAL LIABILITIES 32,615,673 25,041,422
COMMITMENTS AND CONTINGENCIES (Notes 4)  
STOCKHOLDERS’ DEFICIT    
Series D, G, H, H2, J, K, AA Convertible Preferred Stock, $.01 par value (Note 6) 1,098 1,099
Common stock, $.01 par value; 100,000,000 shares authorized; 12,220,611 and 9,120,526 shares issued and outstanding on September 30, 2022 and December 31, 2021, respectively 122,207 91,206
Warrants to acquire common stock 31,995,762 31,715,154
Additional paid-in capital 67,041,489 64,261,048
Accumulated deficit (128,936,078) (118,277,468)
Total stockholders’ deficit (29,775,522) (22,208,961)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 2,840,151 $ 2,832,461

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