v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 559,282 $ 728,762
Accounts receivable, net 271,207 177,031
Inventory 600,912 361,422
Unbilled revenue 77,623 75,556
Prepaid expenses 1,784 1,784
Other current assets 47,107 27,912
Total current assets 1,557,915 1,372,467
Property and equipment, net 1,039,173 1,106,164
Right of use 48,043 55,606
Intangible assets, net 93,750 100,000
Total assets 2,738,881 2,634,237
Current liabilities:    
Accounts payable and accrued liabilities 1,166,865 1,052,603
Contract liabilities 31,547 36,704
Note payable - current portion 58,255 121,848
Note payable Coronavirus loans - current portion 70,782 41,831
Due to related party 101,834 102,060
Lease liabilities - current 30,385 30,125
Provision for income taxes 19,121 18,957
Liabilities from discontinued operations 112,397 112,397
Total current liabilities 1,591,186 1,516,525
Long term liabilities:    
Convertible debt, net of discount, unamortized, $924,199 and $1,084,944, respectively 261,977 209,323
Note payable Coronavirus loans - long term 294,625 320,626
Lease liabilities - long term 14,725 22,574
Total Liabilities 2,162,513 2,069,048
Stockholders' Equity:    
Preferred Stock, $0.0001 par value; 3,333,333 shares authorized, 0 shares issued and outstanding
Common stock, ($0.0001 par value; 50,000,000 shares authorized, 6,177,203 shares issued and outstanding as of March 31, 2021 and 4,080,017 outstanding at December 31, 2020, respectively) 617 408
Additional paid-in capital 15,298,667 14,486,166
Accumulated (deficit) (14,681,695) (13,878,553)
Accumulated other comprehensive income (41,221) (42,832)
Total stockholders' equity 576,368 565,189
Total liabilities and stockholders' equity $ 2,738,881 $ 2,634,237

Source