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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 264,840 $ 247,862
Accounts receivable, net of allowance for doubtful accounts of $0 and $66,000, respectively 1,032,886
Other current assets 12,305 5,934
Total current assets 277,145 1,286,682
Patents, net of accumulated amortization of $715,519 and $2,266,158, respectively 539,481 2,200,959
Total assets 816,626 3,487,641
Current liabilities    
Accounts payable and accrued liabilities 129,426 2,892,025
Loans payable 138,000 147,000
Purchase price of patents, current portion 1,500,000
Funding Liability 3,202,765
Loan payable – related party 2,805,000 4,672,810
Warrant liability 1,636,187
Accrued interest 491,971 284,885
Total current liabilities 8,403,349 9,496,720
Non-current liabilities    
Loan payable - SBA 150,000 174,392
Purchase price of patents, net of unamortized discount of $0 and $131,793, respectively 190,000 658,207
Total liabilities 8,743,349 10,329,319
Stockholders’ deficit    
Preferred stock, par value $0.00003 per share – authorized 10,000,000 shares – no shares issued and outstanding
Common stock, par value $0.00003 per share; authorized 10,000,000,000 at December 31, 2021 and 2020; shares issued and outstanding 533,334,630 and 383,038,334 at December 31, 2021 and 2020, respectively 16,000 11,491
Additional paid-in capital 17,493,027 14,427,782
Accumulated deficit (25,435,978) (21,281,179)
Total Quest Patent Research Corporation stockholders’ deficit (7,926,951) (6,841,906)
Non-controlling interest in subsidiary 228 228
Total stockholders’ deficit (7,926,723) (6,841,678)
Total liabilities and stockholders’ deficit $ 816,626 $ 3,487,641