Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash $ 424,223 $ 3,277,417
Restricted cash 5,000,000 3,650,000
Accounts receivable 271,142 629,387
Prepaid expenses and other current assets 909,766 1,084,652
Current assets held for sale 45,363,817 6,938,238
Total Current Assets 51,968,948 15,579,694
Property and equipment, net 9,275,729 18,084,014
Intangible assets, net 30,818 34,009
Deposits 625,000 632,963
Other assets 4,638,631
Non-current assets held for sale   35,727,638
Total Assets 61,900,495 74,696,949
Current Liabilities    
Accounts payable 901,353 208,753
Accrued expenses and other current liabilities 1,987,017 1,231,941
Accrued interest, current portion 152,899 1,973,268
Due to affiliates 9,433,975 3,375,875
Deferred revenue 57,018 93,238
Bridge note payable 1,421,096
Convertible debt, net of discount, current portion 1,000,000 12,845,501
Convertible debt, related party, net of discount, current portion 1,000,000 988,115
Loans payable, current portion 539,055
Current liabilities held for sale 9,169,247 7,286,595
Total Current Liabilities 25,661,660 28,003,286
Deferred rent 1,693,066 1,242,613
Accrued interest, non-current portion 193,939
Convertible debt, net of discount, non-current portion 578,172
Loans payable, non-current portion 368,074
Non-current liabilities held for sale   1,230,224
Total Liabilities 28,494,911 30,476,123
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 38,506,844 and 23,176,146 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 3,851 2,317
Additional paid in capital 195,488,181 161,300,916
Accumulated deficit (162,277,414) (117,218,584)
Accumulated other comprehensive income 190,966 136,177
Total Stockholders’ Equity 33,405,584 44,220,826
Total Liabilities and Stockholders’ Equity $ 61,900,495 $ 74,696,949