v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 4,439 $ 7,034
Assets held-for-sale 1,455,047 1,590,992
Total current assets 1,459,486 1,598,026
Total assets 1,459,486 1,598,026
Current liabilities:    
Accrued interest 40,607 28,595
Accrued interest - related party 18,783 14,798
Derivative liability 3,316,596 2,296,080
Convertible notes payable, net of discounts of $266,197 and $418,314 502,885 291,686
Convertible notes payable - related party, net of discounts of $0 and $12,126 57,154 45,028
Related party loans 349,254 340,527
Liabilities held-for-sale 2,345,861 1,534,235
Total current liabilities 6,631,140 4,550,949
Total liabilities 6,631,140 4,550,949
Mezzanine Equity    
Series A Convertible Preferred stock: $0.0001 par value: 1,000,000 shares authorized: 803,000 and 953,000 shares issued and outstanding at June 30, 2019 and at December 31, 2018 respectively 105,300 120,300
Shareholders' deficit    
Preferred stock other designations: $0.0001 par value: 10,000,000 shares authorized: 0 and 0 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively
Common stock: $0.0001 par value: 350,000,000 shares authorized: 226,965,896 and 59,803,654 shares issued and outstanding at June 30, 2019 and December 31, 2018 respectively 22,696 5,980
Additional Paid-in Capital 2,713,159 1,131,837
Accumulated deficit (7,281,193) (3,905,831)
Total Canna Corporation shareholders' deficit (4,545,338) (2,768,014)
Non-Controlling interest (731,616) (305,209)
Total shareholders' deficit (5,276,954) (3,073,223)
Total liabilities and shareholders' deficit $ 1,459,486 $ 1,598,026