XML 24 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 452,963 $ 457,181
Prepaid expenses 163,561 255,923
Other Current Assets 20,089  
Total current assets 636,613 713,104
Property and equipment, net of accumulated depreciation 116,810 104,094
Other Assets:    
Notes receivable- related party 104,268 103,242
Goodwill 0 2,458,233
Research in progress 0 7,800,000
Intangible Asset 510k License and Patents-Eye Care Division, net 4,383,873 0
Security deposit 5,000 5,000
Operating lease right-of-use asset 76,871 130,722
Total other assets 4,570,012 10,497,197
TOTAL ASSETS 5,323,435 11,314,395
Current liabilities:    
Accounts payable and accrued liabilities 909,458 1,073,142
Lease liability obligations (see Note 16) 56,871 53,851
Due to shareholder 180 180
Due to first insurance funding 32,873 25,369
Promissory note (including accrued interest of $38,960 and $19,507, respectively)(see note 9) 454,693 343,725
Convertible note payable (including accrued interest of $16,919 and $0, respectively) (see note 12) 1,126,919 0
Total current liabilities 2,580,994 1,496,267
Long-term liabilities:    
Deferred tax liability 0 2,340,000
Convertible note payable (including accrued interest of $209,684 and $236,148, respectively) net of unamortized debt discount of $605,640 and $843,673, respectively(see note 12) 761,604 1,676,788
Convertible note payable - related party (including accrued interest of $299,037 and $158,648, respectively) 4,299,037 4,158,648
Lease liability obligations 20,000 76,871
Total long-term liabilities 5,080,641 8,252,307
TOTAL LIABILITIES 7,661,635 9,748,574
STOCKHOLDERS' DEFICIT    
Common stock, $0.0001 par value, 300,000,000 shares authorized, 138,099,981 and 125,327,579 shares issued and outstanding, respectively 13,811 12,533
Additional paid in capital 51,000,166 43,201,186
Common stock to be issued 4,530,000 201,974
Accumulated deficit (57,882,227) (41,849,922)
TOTAL STOCKHOLDERS' DEFICIT (2,338,200) 1,565,821
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 5,323,435 11,314,395
Convertible Preferred Stock Series B    
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; 0 0
Convertible Preferred Stock Series C    
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; $ 50 $ 50