Balance Sheet

v3.24.1.1.u2

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash	$ 138,641	$ 274,380
Accounts receivable	3,735	3,735
Prepaid expenses	568,241	147,262
Total current assets	710,617	425,377
OTHER ASSETS:
Operating lease - right of use asset	73,721	98,280
Security deposit	32,058	32,058
Total other assets	105,779	130,338
TOTAL ASSETS	816,396	555,715
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT):
Accounts payable	705,841	993,090
Accounts payable - related party	211,170	172,670
Current portion of long-term operating lease	79,033	106,342
Convertible debentures payable	240,000	240,000
Loan Payable	460,053	0
Accrued interest	101,278	100,686
Accrued liabilities - employee bonus	1,287,920	1,148,770
Total current liabilities	3,085,295	2,761,558
LONG TERM LIABILITIES:	0	0
TOTAL LIABILITIES	3,085,295	2,761,558
STOCKHOLDERS' EQUITY (DEFICIT):
Common stock, $0.001 par value, 25,000,000 and 25,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 2,789,655 and 2,382,356 issued and outstanding at March 31, 2024, and December 31, 2023, respectively	2,791	2,383
Additional paid-in capital	122,588,510	121,373,488
Accumulated deficit	(124,860,200)	(123,581,714)
Total stockholders' equity (deficit)	(2,268,899)	(2,205,843)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 816,396	$ 555,715

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Balance Sheet

Balance Sheet

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