United Health Products Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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Balance Sheets as of December 31, 2023 and 2022
Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets | ||
| Cash and Cash Equivalents | $95,420 | $13,377 |
| Inventory | 33,598 | 34,730 |
| Prepaid and other current assets | 22,804 | 22,932 |
| Total current assets | 151,822 | 71,039 |
| Deferred offering costs | 21,051 | 243,039 |
| Operating lease right-of-use asset | 76,520 | - |
| Security deposit | 2,850 | - |
| Patents, net | 32,400 | 36,450 |
| TOTAL ASSETS | $284,643 | $350,528 |
| Current Liabilities | ||
| Accounts payable and accrued expenses | $987,567 | $1,255,232 |
| Accrued liabilities - related parties | 226,475 | 172,579 |
| Accrued litigation settlement | - | 300,000 |
| Operating lease liability - current | 28,838 | - |
| Promissory note payable | - | 9,136 |
| Loans payable – related parties | - | 4,000 |
| Convertible notes payable, net of debt discount | 207,500 | 196,177 |
| Convertible notes payable – related party, net of debt discount | 500,000 | 478,331 |
| Total current liabilities | 1,950,380 | 2,415,455 |
| Operating lease liability – long-term | 48,489 | - |
| TOTAL LIABILITIES | 1,998,869 | 2,415,455 |
| Commitments and Contingencies | - | - |
| Stockholders’ Deficit | ||
| Series A Convertible Preferred Stock - $0.001 par value, 1,000,000 shares Authorized and 0 shares issued and outstanding | - | - |
| Common Stock - $0.001 par value, 300,000,000 shares Authorized, 244,783,222 and 230,871,034 shares issued and outstanding at December 31, 2023 and December 31, 2022 | 244,783 | 230,871 |
| Subscription Receivable | - | (50,550) |
| Additional Paid-In Capital | 74,740,201 | 71,830,695 |
| Accumulated Deficit | (76,699,210) | (74,075,943) |
| Total Stockholders' Deficit | (1,714,226) | (2,064,927) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $284,643 | $350,528 |
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