Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 86,542 $ 746,940
Inventory 1,382,938 1,414,848
Prepaid expenses and other current assets 90,538 436,407
Total current assets 1,560,018 2,598,195
Long-term assets:    
Property and equipment, net 728 2,044
Other assets 3,500 3,500
Total long-term assets 4,228 5,544
Total assets 1,564,246 2,603,739
Current liabilities:    
Accounts payable 2,471,162 1,328,000
Shareholder advances 50,000 0
Shareholder and Third-Party Advances related to Bridge Financing 690,015 0
Accrued expenses and other liabilities 200,522 318,505
Current Portion of Accrued Interest 820,509 127,781
Current portion of derivative liability 0 748,275
Total current liabilities 9,579,274 3,320,494
Long-term liabilities:    
Accrued interest 0 204,575
Derivative liability 0 459,200
Total long-term liabilities 0 3,476,048
Total liabilities 9,579,274 6,796,542
Stockholders’ deficit:    
Common stock, $0.001 par value, 12,000,000 and 4,000,000 shares authorized as of June 30, 2023 and September 30, 2022, 1,285,213 and 1,252,734 shares issued as of June 30, 2023 and September 30, 2022 and 1,285,213 and 1,249,432 shares outstanding as of June 30, 2023 and September 30, 2022, each respectively 1,285 1,252
Additional paid-in capital 51,582,100 50,878,718
Accumulated deficit (59,598,413) (55,072,773)
Total stockholders’ deficit (8,015,028) (4,192,803)
Total liabilities and stockholders’ deficit 1,564,246 2,603,739
Insurance Premium Financing [Member]    
Current liabilities:    
Insurance premium financing 0 247,933
Convertible Notes Payable Series One [Member]    
Current liabilities:    
Current Portion of convertible note 550,000 550,000
Convertible Notes Payable Series Two [Member]    
Current liabilities:    
Current Portion of convertible note 450,000  
Long-term liabilities:    
Convertible notes 0 450,000
Unsecured Convertible Notes [Member]    
Current liabilities:    
Current Portion of convertible note 1,401,618 0
Long-term liabilities:    
Unsecured convertible notes 0 699,781
Senior Secured Convertible Notes [Member]    
Current liabilities:    
Current Portion of convertible note 2,945,448 0
Long-term liabilities:    
Unsecured convertible notes $ 0 $ 1,662,492