Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.24.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 21,673 $ 736,461
Accounts receivable, net 226,645 424,091
Inventory 146,437 181,663
Prepaid expenses and other current assets 86,444 28,503
Contract assets 83,485 2,400
Total Current Assets 586,645 1,373,118
OTHER ASSETS:    
Property and equipment, net 176,536 171,606
Right of use asset, net 113,205 158,484
Intangible asset, net 191,537 229,414
Goodwill 350,491 350,491
Total Other Assets 831,769 909,995
TOTAL ASSETS 1,418,414 2,283,113
CURRENT LIABILITIES:    
Convertible notes payable, net of discount - current portion 654,050 180,000
Notes payable, net of discount - current portion 271,636 81,908
Accounts payable 812,579 710,222
Accrued expenses 379,478 474,515
Accrued compensation 64,557 717,204
Contract liabilities 130,458 500,720
Lease liabilities, current portion 60,166 60,503
Total Current Liabilities 2,372,924 2,725,072
LONG-TERM LIABILITIES:    
Convertible notes payable, net of current portion 783,091 918,091
Notes payable, net of current portion and discount 1,046,146 42,109
Lease liabilities, net of current portion 53,039 97,249
Total Long-term Liabilities 1,882,276 1,057,449
Total Liabilities 4,255,200 3,782,521
Commitments and Contingencies (See Note 10)
SHAREHOLDERS' DEFICIT:    
Preferred stock: $0.10 par value, 2,000,000 shares authorized; 100,000 Series B and 100,000 Series C designated
Common stock: $0.001 par value, 4,998,000,000 shares authorized; 545,253,623 and 532,818,051 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 545,254 532,818
Additional paid-in capital 56,561,018 55,852,477
Accumulated deficit (62,094,359) (60,851,714)
Total C-Bond Systems, Inc. shareholders' deficit (4,988,087) (4,466,419)
Noncontrolling interest 119,077 141,884
Total Shareholders' Deficit (4,869,010) (4,324,535)
Total Liabilities and Shareholders' Deficit 1,418,414 2,283,113
Related Party    
CURRENT ASSETS:    
Due from related party 21,961
Series B Convertible Preferred Stock    
LONG-TERM LIABILITIES:    
Convertible preferred stock value 1,251,310 1,203,967
Series C Convertible Preferred Stock    
LONG-TERM LIABILITIES:    
Convertible preferred stock value $ 780,914 $ 1,621,160