Balance Sheet

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash	$ 197,863	$ 736,461
Accounts receivable, net	507,416	424,091
Inventory	101,751	181,663
Prepaid expenses and other current assets	269,683	28,503
Contract assets	8,489	2,400
Total Current Assets	1,085,202	1,373,118
OTHER ASSETS:
Property and equipment, net	159,724	171,606
Right of use asset, net	143,810	158,484
Intangible asset, net	216,789	229,414
Goodwill	350,491	350,491
Total Other Assets	870,814	909,995
TOTAL ASSETS	1,956,016	2,283,113
CURRENT LIABILITIES:
Convertible note payable - current portion	180,000	180,000
Notes payable, net of discount - current portion	232,104	81,908
Accounts payable	702,805	710,222
Accrued expenses	522,530	474,515
Accrued compensation	25,546	717,204
Contract liabilities	341,771	500,720
Lease liabilities, current portion	61,390	60,503
Total Current Liabilities	2,066,146	2,725,072
LONG-TERM LIABILITIES:
Convertible notes payable, net of current portion	873,091	918,091
Notes payable, net of current portion and discount	52,447	42,109
Lease liabilities, net of current portion	82,420	97,249
Total Long-term Liabilities	1,007,958	1,057,449
Total Liabilities	3,074,104	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, no shares issued and outstanding
Common stock: $0.001 par value, 4,998,000,000 shares authorized; 539,122,586 and 532,818,051 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	539,123	532,818
Additional paid-in capital	56,340,780	55,852,477
Accumulated deficit	(61,183,221)	(60,851,714)
Total C-Bond Systems, Inc. shareholders’ deficit	(4,303,318)	(4,466,419)
Noncontrolling interest	151,394	141,884
Total Shareholders’ Deficit	(4,151,924)	(4,324,535)
Total Liabilities and Shareholders’ Deficit	1,956,016	2,283,113
Series B Convertible Preferred Stock
LONG-TERM LIABILITIES:
Convertible preferred stock value	1,445,221	1,203,967
Series C Convertible Preferred Stock
LONG-TERM LIABILITIES:
Convertible preferred stock value	$ 1,588,615	$ 1,621,160

Consolidated Balance Sheets - USD ($)

Mar. 31, 2024

Dec. 31, 2023

CURRENT ASSETS:

Cash

$ 197,863

$ 736,461

Accounts receivable, net

507,416

424,091

Inventory

101,751