XML 18 R3.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 247,222 $ 61,891
Accounts receivable, net of allowance for doubtful accounts of $-0- and $-0- as of December 31, 2023 and 2022, respectively 20,861 72,284
Inventory, net 133,222 192,833
Contract assets 5,110 269,736
Prepaid expenses and other 50,100 92,940
Contingent sale consideration receivable, current portion 199,645
Current assets held for sale 1,454,856
Total Current Assets 656,160 2,144,540
Property, plant and equipment, net of accumulated depreciation of $521,062 and $397,194 as of December 31, 2023 and 2022, respectively 290,755 413,123
Intangible assets, net of accumulated amortization of $258,690 and $30,531 as of December 31, 2023 and 2022, respectively 883,848 1,112,007
Goodwill 319,958
Right of use lease assets 935,812 540,181
Deferred equity compensation and deposits 50,047 50,907
Contingent sale consideration receivable, long term portion 1,463,518
Total Assets 4,280,140 4,580,716
Current Liabilities    
Accounts payable and accrued expenses 611,989 1,602,558
Contract liabilities 271,774 574,847
Lease liability, current portion 326,033 344,464
Notes payable, current portion, net of unamortized original issue discount of $166,487 and $37,748 as of December 31, 2023 and 2022, respectively 584,323 291,650
Indemnification liability 143,974
Other current liabilities 2,189 130,068
Current liabilities held for sale 25,000
Total Current Liabilities 2,412,024 3,474,697
Long-Term Liabilities    
Lease liability, long term portion 613,386 198,330
Government notes payable, long term portion 450,000 450,000
Other long-term liabilities 143,239
Total Liabilities 3,475,410 4,266,266
Commitments and contingencies (Note 15)
Shareholders’ Equity    
Common stock, par value $0.0001 per share, 500,000,000 shares authorized, 275,964,958 and 255,940,389 shares issued and outstanding as of December 31, 2023 and 2022, respectively 27,597 25,594
Series B convertible preferred stock, par value $0.001 per share, 20,000,000 shares authorized, 2,750,000 and 2,750,000 shares issued and outstanding as of December 31, 2023 and 2022, respectively 2,750 2,750
Common stock issuable, $0.0001 par value; 2,764,352 and 2,585,542 as of December 31, 2023 and 2022, respectively 281,682 225,584
Additional paid-in capital 42,525,837 41,081,455
Accumulated deficit (42,033,136) (41,020,933)
Total Shareholders’ Equity 804,730 314,450
Total Liabilities and Shareholders’ Equity 4,280,140 4,580,716
Related Party    
Current Liabilities    
Notes payable and other amounts due to related party, net of unamortized original issue discount of $34,834 and $104,490 as of December 31, 2023 and 2022, respectively $ 471,742 $ 506,110