Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 1,070,000 $ 32,000
Accounts receivable, net 96,000 73,000
Inventory 252,000 233,000
Prepaid expenses and other current assets 32,000 25,000
Total current assets 1,450,000 363,000
Goodwill 311,000 311,000
Intangibles 44,000 47,000
Property and equipment, net 796,000 553,000
Operating lease - right of use asset 775,000 805,000
Other assets 50,000 178,000
Total assets 3,426,000 2,257,000
Current Liabilities:    
Accounts payable 644,000 658,000
Accrued expenses and other current liabilities 89,000 90,000
Deferred Revenue 38,000 38,000
Convertible notes payable 92,000 59,000
Current portion of debt 10,000 10,000
Note payable - PPP 275,000 147,000
Warrant liability 247,000 123,000
Operating lease liability, current portion 207,000 207,000
Total current liabilities 1,602,000 1,332,000
Long-Term Liabilities:    
Notes payable 256,000 256,000
Lease liability, long term 568,000 598,000
Total long-term liabilities 824,000 854,000
Total liabilities 2,426,000 2,186,000
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, 3,000,000,000 shares authorized; 102,893,779 and 99,331,279 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 103,000 99,000
Additional paid-in capital 4,103,000 2,474,000
Accumulated deficit (3,206,000) (2,502,000)
Total stockholders' equity 1,000,000 71,000
Total liabilities and stockholders' equity $ 3,426,000 $ 2,257,000