Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 32,000 $ 261,000
Accounts receivable, net 73,000 102,000
Inventory 233,000 113,000
Prepaid expenses and other current assets 25,000 37,000
Total current assets 363,000 513,000
Goodwill 311,000 0
Intangibles 47,000 0
Property and equipment, net 553,000 282,000
Operating lease - right of use asset 805,000 917,000
Other assets 178,000 178,000
Total assets 2,257,000 1,890,000
Current Liabilities:    
Accounts payable 658,000 510,000
Accrued expenses and other current liabilities 90,000 27,000
Deferred Revenue 38,000 0
Convertible notes payable 59,000 0
Note payable, current portion 10,000 0
Note payable - PPP 147,000 0
Warrant liability 123,000 56,000
Operating lease liability, current portion 207,000 207,000
Total current liabilities 1,332,000 800,000
Operating lease liability, net of current portion 598,000 710,000
Notes payable, net of current portion 256,000 0
Total liabilities 2,186,000 1,510,000
Commitments and Contingencies
Preferred Stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, par value $0.001 per share, 100,000,000 shares authorized; 99,331,579 and 57,505,208 shares issued and outstanding as of December 31, 2020 and 2019, respectively 99,000 57,000
Additional paid-in capital 2,474,000 561,000
Accumulated deficit (2,502,000) (238,000)
Total stockholders' equity 71,000 380,000
Total liabilities and stockholders' equity $ 2,257,000 $ 1,890,000