General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
ASSETS      
Cash and cash equivalents $ 2,129,013 $ 2,153,028 $ 1,129,863
Restricted cash 19,332    
Accounts receivable, net 543,785 20,212 30,440
Inventory 975,000 427,516 347,945
Other current assets 203,625 700,599 533,481
Total current assets 3,870,755 3,301,355 2,041,729
Property and equipment, net 186,765 252,246 502,146
Licenses, net 230,677 200,000  
Intangible assets, net 152,338 126,344 53,288
Lease deposits 48,577 52,152 49,376
Deferred offering costs 201,038   14,982
Operating lease right of use assets 125,258 331,419  
Total other assets 757,888 709,915 117,646
Total assets 4,815,408 4,263,516 2,661,521
Accounts payable 3,024,023 2,322,198 1,111,929
Current Liabilities:      
Operating lease liabilities 183,995 489,407  
Long-Term Liabilities:      
Accrued expenses and other current liabilities 2,419,468 2,762,799 2,188,271
Stockholders’ Deficit:      
Secured promissory note, net of debt discount 11,453,047 10,106,895 10,063,208
Deferred revenue 309,218 378,850  
Derivative liability 169,229    
Notes payable 370,051   3,882,868
Total current liabilities 17,929,031 16,060,149 17,246,276
Notes payable 596,040 539,921 300,000
Accrued interest 35,471 41,239  
Operating lease liabilities, net of current 52,449  
Total long-term liabilities 631,511 633,609 300,000
Total liabilities 18,560,542 16,693,758 17,546,276
Commitments and Contingencies  
Preferred stock value  
Common stock value 1,980 1,976 1,682
Additional paid in capital 47,378,024 39,339,449 17,495,098
Accumulated deficit (61,125,373) (51,771,667) (32,381,535)
Total stockholders’ deficit (13,745,134) (12,430,242) (14,884,755)
Total liabilities and stockholders’ deficit 4,815,408 $ 4,263,516 $ 2,661,521
Series A Preferred Stock      
Stockholders’ Deficit:      
Preferred stock value $ 235