Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.20.2
Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 14,648 $ 65,615
Accounts receivable, net 1,200 1,687
Prepaid expenses 29,004 86,390
Inventory 336,902 270,732
Total current assets 381,754 424,424
Long term assets    
Website development, net 61,016 90,378
Total assets 442,770 514,802
Current liabilities:    
Accounts payable and accrued liabilities 8,393 77,933
Unsecured notes payable 0 13,617
Derivative liability 0 470,331
Current portion of convertible notes payable, net 0 922,690
Total current liabilities 8,393 1,484,571
Liabilities subject to compromise 2,129,365 0
Convertible notes payable, net 0 225,624
Total long term liabilities 2,129,365 225,624
Total liabilities 2,137,758 1,710,195
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:    
Preferred stock; $.001 par value, 5,000,000 shares authorized, none issued and outstanding; Series A Preferred Stock, $0.001 par value, 1,000,000 shares authorized, 1,000,000 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 1,000 1,000
Common stock; $.001 par value, 495,000,000 shares authorized, 153,794,894 shares issued and 32,383,196 shares issued outstanding as of June 30, 2020 and December 31, 2019, respectively 153,795 32,383
Additional paid-in capital 9,348,484 8,170,692
Accumulated deficit (11,198,267) (9,399,468)
Total stockholders' equity (deficit) (1,694,988) (1,195,393)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 442,770 $ 514,802