Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Details) - Schedule of unaudited pro forma condensed consolidated balance sheet

v3.22.2
Subsequent Events (Details) - Schedule of unaudited pro forma condensed consolidated balance sheet - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 1,180,208 $ 807,538
Rent receivable 24,778 33,618
Rent receivable - related party 58,500 33,600
Deferred financing costs, net 139,170 138,631
Prepaid expenses and other current assets 250,302 309,655
Total Current Assets 1,652,958 1,323,042
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion 147,964 163,211
Deferred financing costs - noncurrent portion, net 74,937 74,648
Deferred leasing costs 97,216 109,792
Operating lease right-of-use assets, net 74,348 145,303
Property and equipment, net 265,709 361,547
Investment in real estate, net 7,444,428 7,528,770
Equity method investment 517,442 515,632
Total Non-current Assets 8,622,044 8,919,174
Total Assets 10,275,002 10,242,216
CURRENT LIABILITIES:    
Accounts payable 376,386
Accrued professional fees 1,485,695 1,881,349
Accrued research and development fees 609,222 928,111
Accrued payroll liability and directors' compensation 374,601 307,043
Accrued lawsuit liability 900,000  
Accrued liabilities and other payables 344,352 275,320
Accrued liabilities and other payables - related parties 539,974 468,433
Operating lease obligation 74,348 151,402
Convertible note payable, net 492,550
Derivative liability 2,013,300
Total Current Liabilities 7,210,428 4,401,658
NON-CURRENT LIABILITIES:    
Accrued lawsuit liability - noncurrent portion 450,000
Loan payable - related party 2,440,262 2,750,262
Total Non-current Liabilities 2,890,262 2,756,163
Total Liabilities 10,100,690 7,157,821
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value; 490,000,000 shares authorized; 89,554,766 shares issued and 89,034,766 shares outstanding; 99,735,208 pro forma shares issued and 99,215,208 pro forma shares outstanding 8,955 8,898
Additional paid-in capital 56,118,913 54,888,559
Less: common stock held in treasury, at cost; 520,000 shares (522,500) (522,500)
Accumulated deficit (55,230,886) (51,131,874)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (206,748) (165,266)
Total Stockholders' Equity 174,312 3,084,395
Total Liabilities and Stockholders' Equity 10,275,002 $ 10,242,216
Pro Forma Adjustments Dr. [Member]    
CURRENT ASSETS:    
Cash  
Rent receivable  
Rent receivable - related party  
Deferred financing costs, net  
Prepaid expenses and other current assets  
Total Current Assets  
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion  
Deferred financing costs - noncurrent portion, net  
Deferred leasing costs  
Operating lease right-of-use assets, net  
Property and equipment, net  
Investment in real estate, net  
Equity method investment  
Total Non-current Assets  
Total Assets  
CURRENT LIABILITIES:    
Accounts payable  
Accrued professional fees  
Accrued research and development fees  
Accrued payroll liability and directors' compensation  
Accrued lawsuit liability  
Accrued liabilities and other payables 7,204  
Accrued liabilities and other payables - related parties 439,974  
Operating lease obligation  
Convertible note payable, net 3,718,943  
Derivative liability 2,013,300  
Total Current Liabilities 6,179,421  
NON-CURRENT LIABILITIES:    
Accrued lawsuit liability - noncurrent portion  
Loan payable - related party 2,440,262  
Total Non-current Liabilities 2,440,262  
Total Liabilities 8,619,683  
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding  
Common stock, $0.0001 par value; 490,000,000 shares authorized; 89,554,766 shares issued and 89,034,766 shares outstanding; 99,735,208 pro forma shares issued and 99,215,208 pro forma shares outstanding  
Additional paid-in capital  
Less: common stock held in treasury, at cost; 520,000 shares  
Accumulated deficit 3,226,393  
Statutory reserve  
Accumulated other comprehensive loss  
Total Stockholders' Equity 3,226,393  
Total Liabilities and Stockholders' Equity 11,846,076  
Pro Forma Adjustments Cr. [Member]    
CURRENT ASSETS:    
Cash  
Rent receivable  
Rent receivable - related party  
Deferred financing costs, net  
Prepaid expenses and other current assets  
Total Current Assets  
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion  
Deferred financing costs - noncurrent portion, net  
Deferred leasing costs  
Operating lease right-of-use assets, net  
Property and equipment, net  
Investment in real estate, net  
Equity method investment  
Total Non-current Assets  
Total Assets  
CURRENT LIABILITIES:    
Accounts payable  
Accrued professional fees  
Accrued research and development fees  
Accrued payroll liability and directors' compensation  
Accrued lawsuit liability  
Accrued liabilities and other payables  
Accrued liabilities and other payables - related parties  
Operating lease obligation  
Convertible note payable, net 3,226,393  
Derivative liability  
Total Current Liabilities 3,226,393  
NON-CURRENT LIABILITIES:    
Accrued lawsuit liability - noncurrent portion  
Loan payable - related party  
Total Non-current Liabilities  
Total Liabilities 3,226,393  
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding  
Common stock, $0.0001 par value; 490,000,000 shares authorized; 89,554,766 shares issued and 89,034,766 shares outstanding; 99,735,208 pro forma shares issued and 99,215,208 pro forma shares outstanding 1,016  
Additional paid-in capital 8,618,667  
Less: common stock held in treasury, at cost; 520,000 shares  
Accumulated deficit  
Statutory reserve  
Accumulated other comprehensive loss  
Total Stockholders' Equity 8,619,683  
Total Liabilities and Stockholders' Equity 11,846,076  
Pro Forma [Member]    
CURRENT ASSETS:    
Cash 1,180,208  
Rent receivable 24,778  
Rent receivable - related party 58,500  
Deferred financing costs, net 139,170  
Prepaid expenses and other current assets 250,302  
Total Current Assets 1,652,958  
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion 147,964  
Deferred financing costs - noncurrent portion, net 74,937  
Deferred leasing costs 97,216  
Operating lease right-of-use assets, net 74,348  
Property and equipment, net 265,709  
Investment in real estate, net 7,444,428  
Equity method investment 517,442  
Total Non-current Assets 8,622,044  
Total Assets 10,275,002  
CURRENT LIABILITIES:    
Accounts payable 376,386  
Accrued professional fees 1,485,695  
Accrued research and development fees 609,222  
Accrued payroll liability and directors' compensation 374,601  
Accrued lawsuit liability 900,000  
Accrued liabilities and other payables 337,148  
Accrued liabilities and other payables - related parties 100,000  
Operating lease obligation 74,348  
Convertible note payable, net  
Derivative liability  
Total Current Liabilities 4,257,400  
NON-CURRENT LIABILITIES:    
Accrued lawsuit liability - noncurrent portion 450,000  
Loan payable - related party  
Total Non-current Liabilities 450,000  
Total Liabilities 4,707,400  
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding  
Common stock, $0.0001 par value; 490,000,000 shares authorized; 89,554,766 shares issued and 89,034,766 shares outstanding; 99,735,208 pro forma shares issued and 99,215,208 pro forma shares outstanding 9,971  
Additional paid-in capital 64,737,580  
Less: common stock held in treasury, at cost; 520,000 shares (522,500)  
Accumulated deficit (58,457,279)  
Statutory reserve 6,578  
Accumulated other comprehensive loss (206,748)  
Total Stockholders' Equity 5,567,602  
Total Liabilities and Stockholders' Equity $ 10,275,002