Balance Sheet

v3.24.1.1.u2

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash	$ 675,977	$ 1,975,799
Prepaid expenses and other current assets	1,178,971	1,664,107
Total Current Assets	1,854,948	3,639,906
Intangible assets, net	1,586,792	1,619,570
Total Assets	3,441,740	5,259,476
Liabilities and Stockholders’ Deficit
Accounts payable	1,784,150	1,892,611
Accrued expenses	1,416,790	1,869,814
Loans payable - current portion	772,334	1,034,124
Derivative liabilities	249	58
Total Current Liabilities	4,080,307	5,062,616
Loans payable - noncurrent portion	16,544	19,936
Deferred tax liability	299,355	304,657
Total Liabilities	4,396,206	5,387,209
Commitments and contingencies (Note 8)
Stockholders’ Deficit:
Preferred stock value
Common stock, $0.0001 par value; 100,000,000 shares authorized; 852,772 and 534,719 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	86	54
Additional paid-in capital	130,353,728	130,117,209
Accumulated other comprehensive income	(2,894,879)	(2,901,339)
Accumulated deficit	(128,413,401)	(127,343,657)
Total Stockholders’ Deficit	(954,466)	(127,733)
Total Liabilities and Stockholders’ Deficit	3,441,740	5,259,476
Related Party
Liabilities and Stockholders’ Deficit
Accounts payable – related parties	53,076	266,009
Accrued expenses - related parties	53,708
Class C Preferred Stock
Stockholders’ Deficit:
Preferred stock value
Class K Preferred Stock
Stockholders’ Deficit:
Preferred stock value

- 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).

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