Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 109,579 $ 5,632
Prepaid Expenses 25,000
Interest Receivable 4,923
Notes Receivable, net of discount of $25,191 and $0 as of June 30, 2021 and December 31, 2020 93,809
Total Current Assets 208,311 30,632
Property and Equipment, Net 9,500 1,416
Other Assets    
Due from Related Party 20,000 20,000
Investment at Fair Value - Related Party 1,195,000 1,215,500
Investment at Fair Value 29,594
Trademarks 2,836 2,836
Total Assets 1,465,241 1,270,384
Liabilities and Stockholders’ Deficit    
Accounts Payable and Accrued Expenses 926,743 886,453
Accounts Payable - Related Party 791,659 731,659
Short-Term Advances - Related Party 1,658,558 1,266,058
Convertible Note Payable 25,000
Convertible Notes Payable - Related Party, net of debt discount of $6,974 and $0 as of June 30, 2021 and December 31, 2020 166,219 120,000
Notes Payable - Related Party, net of debt discount of $0 and $0 as of June 30, 2021 and December 31, 2020 106,850 106,850
Accumulated losses of unconsolidated investees in excess of investment 157,320 117,578
Notes Payable – current 146,667 134,020
Total Current Liabilities 3,954,016 3,387,618
Note Payable, net of current 12,647
Convertible Note Payable, net of debt discount of $36,855 and $42,525 as of June 30, 2021 and December 31, 2020 463,145 457,475
Total Long-Term Liabilities 463,145 470,122
Total Liabilities 4,417,161 3,857,740
Stockholders’ Deficit    
Preferred Stock,$.0001 par value: Authorized 50,000,000 shares none issued and outstanding as of June 30, 2021 and December 31, 2020
Common Stock, $.0001 par value: Authorized 500,000,000 shares, 21,674,000 and 21,674,000 Issued and outstanding as of June 30, 2021 and December 31, 2020 2,167 2,167
Additional Paid in Capital 810,048 806,249
Accumulated Deficit (3,705,689) (3,341,830)
Stockholders’ Deficit (2,893,474) (2,533,414)
Non-controlling interest (58,446) (53,942)
Total Stockholders’ Deficit (2,951,920) (2,587,356)
Total Liabilities and Stockholders’ Deficit $ 1,465,241 $ 1,270,384