v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 17,138,644 $ 728,762
Accounts receivable, net 309,839 177,031
Inventory 982,909 361,422
Unbilled revenue 97,909 75,556
VAT receivable 446,657
Prepaid expenses 8,653 1,784
Other current assets 28,640 27,912
Total current assets 19,013,251 1,372,467
Property and equipment, net 995,157 1,106,164
Right of use 30,658 55,606
Intangible assets, net 81,250 100,000
Prepaid expenses – long term portion 38,706
Total assets 20,159,022 2,634,237
Current liabilities:    
Accounts payable and accrued liabilities 884,046 1,052,603
Contract liabilities 40,956 36,704
Note payable – current portion 121,848
Note payable Coronavirus loans– current portion 55,943 41,831
Due to related party 67,273 102,060
Lease liabilities – current 27,801 30,125
Provision for income taxes 56,560 18,957
Liabilities from discontinued operations 112,397 112,397
Total current liabilities 1,244,976 1,516,525
Long term liabilities:    
Convertible debt, net of discount, unamortized, $0 and $1,084,944, respectively 209,323
Note payable Coronavirus loans– long term 268,528 320,626
Lease liabilities – long term 22,574
Total Liabilities 1,513,504 2,069,048
Stockholders’ Equity:    
Common stock, ($0.0001 par value; 50,000,000 shares authorized, 6,469,263 shares issued and outstanding as of September 30, 2021 and 817,450 shares issued and outstanding at December 31, 2020, respectively) 647 82
Additional paid-in capital 37,090,491 14,486,492
Accumulated (deficit) (18,445,638) (13,878,553)
Accumulated other comprehensive income (loss) 18 (42,832)
Total stockholders’ equity 18,645,518 565,189
Total liabilities and stockholders’ equity $ 20,159,022 $ 2,634,237

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