Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 549 $ 2,979
Other current assets 12,066 55,059
Total Current Assets 12,615 58,038
Non-current assets    
Investment 1 1,019,961
Plant and equipment, net 45,833
Right of use asset 72,399
Security deposit 4,000
Total non-current assets 122,233 1,019,961
Total Assets 134,848 1,077,999
Current Liabilities    
Accounts payable 499,157 314,523
Federal relief loan 60,292
Loans payable 22,136 61,631
Loans payable - Related parties 30,026
Convertible debt, net of unamortized discount of $324,959 and $371,387, respectively 623,708 359,362
Operating lease liability 41,990  
Derivative liability 923,215 905,576
Total Current Liabilities 2,170,498 1,671,118
Non-current liabilities    
Operating lease liability 30,409  
Total Liabilities 2,200,907 1,671,118
Stockholders' Deficit    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2020 and December 31, 2019.
Common stock, $0.0001 par value; 500,000,000 shares authorized, 163,142,595 and 128,902,124 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively. [1] 16,314 12,890
Additional paid-in-capital [1] 22,478,459 21,579,022
Accumulated deficit (24,560,832) (22,185,031)
Total Stockholders' Deficit (2,066,059) (593,119)
Total Liabilities and Stockholders' Deficit $ 134,848 $ 1,077,999
[1] After giving effect to a 10 for 1 reverse stock split effective November 1, 2019.