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

CONSOLIDATED BALANCE SHEETS

v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 272,705 $ 697,141
Contract assets 62,273 543,944
Accounts receivable 10,877 1,480
Deferred expenses 185,084 111,548
Prepaid expenses and other current assets 33,569 147,065
Total Current Assets 564,508 1,501,178
Restricted cash 103,149 101,141
Deferred offering costs 83,983
Property and equipment, net 986,407 389,845
Total Assets 1,654,064 2,076,147
Current Liabilities:    
Accounts payable and accrued expenses 187,046 218,005
Deferred revenue 260,447 312,378
Loans payable – short term 53,858
Total Current Liabilities 501,351 530,383
Loans payable – long term, net of unamortized debt issuance costs 621,600
Total liabilities 1,122,951 530,383
Commitments and contingencies (Note 10)  
Stockholders’ Equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; 0 shares issued and outstanding at December 31 ,2020 and 2019
Common stock, $0.0001 par value, 45,000,000 shares authorized, 11,429,661 and 11,159,661 shares issued and outstanding as of December 31, 2020 and 2019, respectively 1,143 1,116
Additional paid-in capital 4,046,370 3,017,940
Accumulated deficit (3,516,400) (1,473,292)
Total Stockholders’ Equity 531,113 1,545,764
Total Liabilities and Stockholders’ Equity $ 1,654,064 $ 2,076,147