Balance Sheet

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash	$ 736,461	$ 97,091
Accounts receivable, net	424,091	269,442
Inventory	181,663	77,446
Prepaid expenses and other current assets	28,503	71,171
Contract assets	2,400	279
Total Current Assets	1,373,118	515,429
OTHER ASSETS:
Property and equipment, net	171,606	96,306
Right of use asset, net	158,484	375,412
Intangible asset, net	229,414	279,918
Goodwill	350,491	350,491
Security deposit		6,482
Total Other Assets	909,995	1,108,609
TOTAL ASSETS	2,283,113	1,624,038
CURRENT LIABILITIES:
Convertible note payable, net of discount - current portion	180,000	1,031,250
Notes payable, net of discount - current portion	81,908	1,576,438
Accounts payable	710,222	779,765
Accrued expenses	474,515	736,393
Accrued compensation	717,204	590,632
Contract liabilities	500,720	22,637
Lease liabilities, current portion	60,503	117,671
Total Current Liabilities	2,725,072	4,864,813
LONG-TERM LIABILITIES:
Convertible notes payable, net of current portion	918,091	251,263
Notes payable, net of current portion and discount	42,109	208,804
Lease liabilities, net of current portion	97,249	258,895
Total Long-term Liabilities	1,057,449	968,962
Total Liabilities	3,782,521	5,833,775
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, none issued and outstanding
Common stock: $0.001 par value, 4,998,000,000 shares authorized; 532,818,051 and 350,270,172 issued and outstanding at December 31, 2023 and 2022, respectively	532,818	350,270
Additional paid-in capital	55,852,477	55,141,503
Accumulated deficit	(60,851,714)	(62,693,184)
Total C-Bond Systems, Inc. shareholders' deficit	(4,466,419)	(7,201,411)
Noncontrolling interest	141,884	150,742
Total Shareholders' Deficit	(4,324,535)	(7,050,669)
Total Liabilities and Shareholders' Deficit	2,283,113	1,624,038
Series B Convertible Preferred Stock
LONG-TERM LIABILITIES:
Convertible preferred stock value	1,203,967	1,037,201
Series C Convertible Preferred Stock
LONG-TERM LIABILITIES:
Convertible preferred stock value	1,621,160	1,803,731
Related Party
CURRENT LIABILITIES:
Accrued interest payable - related party		10,027
LONG-TERM LIABILITIES:
Note payable - related party		$ 250,000

Consolidated Balance Sheets - USD ($)

Dec. 31, 2023

Dec. 31, 2022

CURRENT ASSETS:

Cash

$ 736,461

$ 97,091

Accounts receivable, net

424,091

269,442

Inventory

181,663