v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 7,646 $ 5,632
Prepaid Expenses 25,000 25,000
Interest Receivable 1,989
Notes Receivable, net of discount of $35,794 and $0 as of March 31, 2021 and December 31, 2020 83,206
Total Current Assets 117,841 30,632
Property and Equipment, Net 1,376 1,416
Other Assets    
Due from Related Party 20,000 20,000
Investment at Fair Value - Related Party 1,210,000 1,215,500
Investment at Fair Value 43,000
Trademarks 2,836 2,836
Total Assets 1,395,053 1,270,384
Liabilities and Stockholders' Deficit    
Accounts Payable and Accrued Expenses 891,954 886,453
Accounts Payable - Related Party 761,659 731,659
Short-Term Advances - Related Party 1,514,558 1,266,058
Convertible Note Payable 25,000 25,000
Convertible Notes Payable - Related Party 120,000 120,000
Notes Payable - Related Party, net 106,850 106,850
Accumulated losses of unconsolidated investees in excess of investment 138,584 117,578
Notes Payable 134,075 134,020
Total Current Liabilities 3,692,680 3,387,618
Note Payable, net of current 12,592 12,647
Convertible Note Payable, net of debt discount of $39,690 and $42,525 as of March 31, 2021 and December 31, 2020 460,310 457,475
Total Long-Term Liabilities 472,902 470,122
Total Liabilities 4,165,582 3,857,740
Commitments and Contingencies (See Note 7)
Stockholders' Deficit    
Preferred Stock,$.0001 par value:Authorized 50,000,000 shares none issued and outstanding as of March 31, 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 March 31, 2021 and December 31, 2020 2,167 2,167
Additional Paid in Capital 806,249 806,249
Accumulated Deficit (3,523,228) (3,341,830)
Stockholders' Deficit (2,714,812) (2,533,414)
Non-controlling interest (55,717) (53,942)
Total Stockholders' Deficit (2,770,529) (2,587,356)
Total Liabilities and Stockholders' Deficit $ 1,395,053 $ 1,270,384

Source