Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash $ 9,184 $ 27,223
Accounts Receivable 1,667
Prepaid Expenses 29,325 29,325
Total Current Assets 38,509 58,215
Property and Equipment, Net 1,576 2,522
Other Assets    
Due from Related Party 17,500 31,291
Investment at Fair Value - Related Party 177,000 220,000
Trademarks 2,836 2,836
Total Assets 237,421 314,864
Liabilities and Stockholder's Deficit    
Accounts Payable and Accrued Expenses 653,160 433,425
Accounts Payable - Related Party 611,659 491,659
Short-Term Advances - Related Party 1,068,608 693,639
Convertible Note Payable 25,000 525,000
Convertible Notes Payable - Related Party 120,000 120,000
Notes Payable - Related Party, net of debt discount of $6,212 100,638 64,250
Accumulated losses of unconsolidated investees in excess of investment 38,068
Notes Payable 112,167 100,000
Total Current Liabilities 2,729,300 2,427,973
Convertible Note Payable - Related Party, net of debt discount of $53,865 446,135
Total Long-Term Liabilities - Related Party 446,135
Total Liabilities 3,175,435 2,427,973
Stockholder's Deficit    
Preferred Stock,$.0001 par value: Authorized 50,000,000 shares none issued and outstanding as of December 31, 2019 and December 31, 2018
Common Stock, $.0001 par value: Authorized 500,000,000 shares, 21,674,000 and 21,620,000 Issued and outstanding as of December 31,2019 and December 31, 2018 2,167 2,162
Additional Paid in Capital 806,249 741,271
Accumulated Deficit (3,699,587) (2,815,370)
Stockholder's Deficit (2,891,171) (2,071,937)
Non-controlling interest (46,843) (41,172)
Total Stockholder's Deficit (2,938,014) (2,113,109)
Total Liabilities and Stockholder's Deficit $ 237,421 $ 314,864