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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 965,075
Restricted cash 10,000 10,000
Accounts receivable, net 118,497 50,761
Prepaid expenses and other current assets 421,617 132,926
Other current assets 2,763,936 2,763,936
Current assets held for sale  
Total current assets 3,314,050 3,922,698
Patents and development 8,930 8,930
Operating lease right-of-use assets 31,897,546 32,818,019
Property and equipment, net 8,171,712 7,418,836
Other long-term assets 288,155 288,155
Non-current assets held for sale 1,405,910 2,086,245
Total assets 45,086,304 46,542,883
Current liabilities:    
Accounts payable 5,532,927 3,392,772
Accrued expenses 10,104,573 9,202,644
Due to related parties 649,023 283,023
Note Payable 4,645,399 3,228,212
Current portion of long-term debt 7,763,655 3,941,782
Operating lease liabilities 1,041,859 953,817
Other current liabilities 1,110,651 1,110,000
Current liabilities related to assets held for sale 1,265,691 1,438,192
Total current liabilities 32,113,778 23,550,442
Long-term liabilities:    
Operating lease liabilities 36,092,532 36,642,807
Long-term debt, less current portion, net 1,927,100 5,572,427
Non-current liabilities related to assets held for sale 640,087 712,847
Total liabilities 70,773,497 66,478,523
Commitments and contingencies
Temporary equity    
Series F 6.75% Convertible Preferred Stock, $.001 par value, 5,000,000 share authorized, 4,797,052 and 4,797,052 issued and outstanding on March 31, 2022 and December 31, 2021, respectively. Liquidation value $99,571,434 and $96,296,493 on March 31, 2022 and December 31, 2021, respectively. 20,132,208 16,857,267
Deficit:    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized Series A Convertible Preferred Stock, $0.001 par value, 2,000,000 shares authorized, 328,925 and 328,925 shares issued and outstanding, as of March 31, 2022 and December 31, 2021, respectively. Liquidation value of $329 and $329 on March 31, 2022 and December 31, 2021, respectively 329 329
Common Stock, $0.001 par value, 17,775,792 and 14,914,458 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 17,774 14,915
Additional paid-in-capital 9,920,448 17,069,481
Accumulated deficit (67,143,363) (65,208,327)
Clearday, Inc. Shareholders’ deficit: (57,204,812) (48,123,602)
Non-controlling interest in subsidiaries 11,385,411 11,330,695
Total deficit (45,819,401) (36,792,907)
TOTAL LIABLITIES, TEMPORARY EQUITY AND DEFICIT $ 45,086,304 $ 46,542,883