XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 1,576,602 $ 2,142,485
Accounts Receivable 296,370 231,332
Prepaid and Other Assets 1,458,293 4,402,602
Deferred Offering Costs 5,860
Inventory (Note 3) 426,020 466,169
Total Current Assets 3,763,145 7,242,588
Property and Equipment, net (Note 4) 159,591 57,761
Other Assets:    
Right of Use Asset (Note 11) 13,517
Long-Term Prepaid Expense 154,412 242,647
Intangible Assets, net (Note 5) 250,103 227,258
Total Other Assets 404,515 483,422
Total Assets 4,327,251 7,783,771
Current Liabilities:    
Accounts Payable and Accrued Expenses 643,375 506,206
Lease Liability (Note 11) 13,650
SBA EIDL (including accrued interest) (Note 7) 8,772 8,772
Derivative Liabilities (Note 8) 567,050 2,306,796
Total Current Liabilities: 1,219,197 2,835,424
Long-Term Liabilities:    
SBA EIDL (including accrued interest) (Note 7) 148,670 150,251
Total Long-Term Liabilities 148,670 150,251
Total Liabilities 1,367,867 2,985,675
Commitments and Contingencies (Note 11)
SHAREHOLDERS’ DEFICIT:    
Series A Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; 78,803 and 78,803 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (Note 6) 9,858,040 9,858,040
Common Stock, $0.0001 par value, 150,000,000 shares authorized; 1,017,184 and 484,178 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively(1) (Note 6) [1] 102 48
Additional Paid-in Capital(1) [1] 29,365,567 27,457,335
Accumulated Other Comprehensive Income 134,804 135,561
Accumulated Deficit (36,323,135) (32,580,850)
60P Shareholders’ Equity: 3,035,378 4,870,134
Noncontrolling Interest (75,994) (72,038)
Total Shareholders’ Equity 2,959,384 4,798,096
Total Liabilities and Shareholders’ Equity $ 4,327,251 $ 7,783,771
[1] Periods presented have been adjusted to reflect the 1:12 reverse stock split on August 12, 2024. See Note 12 - Subsequent Events for more information.