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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 526 $ 50,433
Other current assets 7,894 38,818
Notes receivable – current portion 371,170
Total Current Assets 379,590 89,251
Non-current assets    
Plant and equipment 4,858 7,027
Security deposit 5,000
Equity method investment 1 703,938
Total Non-Current Assets 4,859 715,965
Total Assets 384,449 805,216
Current Liabilities    
Accounts payable 2,986,039 2,023,375
Federal relief loans – current portion 8,869 9,369
Notes payable, net of unamortized discount of $89,062 and $0, respectively 1,669,873 1,062,007
Convertible debt, net of unamortized discount of $80,971 and $687,503, respectively 5,016,205 3,704,280
Derivative liability 1,138,204 1,434,196
Total Current Liabilities 10,819,190 8,233,227
Non-Current Liabilities    
Federal relief loans 150,000 150,000
Total Non-Current Liabilities 150,000 150,000
Total Liabilities 10,969,190 8,383,227
Stockholders’ Equity (Deficit)    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023.
Common stock, $0.0001 par value; 750,000,000 shares authorized. 19,081,446 and 13,819,889 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively.* [1] 1,908 1,382
Additional paid-in-capital [1] 52,202,117 50,656,225
Accumulated deficit (62,788,766) (58,235,618)
Total Stockholders’ Equity (deficit) (10,584,741) (7,578,011)
Total Liabilities and Stockholders’ Equity (Deficit) $ 384,449 $ 805,216
[1] After giving effect to a 1 for 30 reverse stock split on August 30, 2023.