Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 5,632 $ 9,184
Prepaid Expenses 25,000 29,325
Total Current Assets 30,632 38,509
Property and Equipment, Net 1,416 1,576
Other Assets    
Due from Related Party 20,000 17,500
Investments at Fair Value - Related Party 1,215,500 177,000
Trademarks 2,836 2,836
Total Assets 1,270,384 237,421
Liabilities and Stockholders' Deficit    
Accounts Payable and Accrued Expenses 886,453 653,160
Accounts Payable - Related Party 731,659 611,659
Short-Term Advances - Related Party 1,266,058 1,068,608
Convertible Note Payable 25,000 25,000
Convertible Notes Payable - Related Party 120,000 120,000
Notes Payable - Related Party, net of debt discount of $0 and $6,212 as of December 31, 2020 and December 31, 2019 106,850 100,638
Accumulated losses of unconsolidated investees in excess of investment 117,578 38,068
Notes Payable 134,020 112,167
Total Current Liabilities 3,387,619 2,729,300
Note Payable, net of current 12,647
Convertible Note Payable - Related Party, net of debt discount of $42,525 and $53,865 as of December 31, 2020 and December 31, 2019 457,475 446,135
Total Long-Term Liabilities 470,122 446,135
Total Liabilities 3,857,740 3,175,435
Commitments and Contingencies (See Note 6)
Stockholders' Deficit    
Preferred Stock,$.0001 par value:Authorized 50,000,000 shares none issued and outstanding as of December 31, 2020 and December 31, 2019
Common Stock, $.0001 par value: Authorized 500,000,000 shares, 21,674,000 and 21,674,000 Issued and outstanding as of December 31, 2020 and December 31, 2019 2,167 2,167
Additional Paid in Capital 806,249 806,249
Accumulated Deficit (3,341,830) (3,699,587)
Stockholders' Deficit (2,533,414) (2,891,171)
Non-controlling interest (53,942) (46,843)
Total Stockholders' Deficit (2,587,356) (2,938,014)
Total Liabilities and Stockholders' Deficit $ 1,270,384 $ 237,421