v3.21.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash	$ 17,803	$ 20,257
Prepaid Expenses and Other Current Assets	1,378	3,445
Digital Assets	1,316,156	1,362,066
Total Current Assets	1,335,337	1,385,768
Non-current Assets:
Property and Equipment, net	142	995
Total Assets	1,335,479	1,386,763
Current Liabilities:
Accounts Payable and Accrued Expenses	50,362	617,729
Deferred Revenue	12,218,612
BCOT Token Refund Liability		12,434,317
Sponsorship Loans Payable	20,000	20,000
Total Current Liabilities	12,288,974	13,072,046
Long-term Liabilities
Paycheck Protection Program Loan		42,900
Total Liabilities	12,288,974	13,114,946
Stockholders’ Equity (Deficit):
Common stock; par value $0.0001; 50,000,000 shares authorized; 4,681,834 shares issued and outstanding as of June 30, 2021; 50,000,000 shares authorized; 4,542,126 shares issued and outstanding as of December 31, 2020	468	454
Preferred stock; par value $0.0001; 10,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2021 and December 31, 2020
Additional Paid-in Capital	437	437
Accumulated Deficit	(10,954,400)	(11,729,074)
Total Stockholders' Deficit	(10,953,495)	(11,728,183)
Total Liabilities and Stockholders' Deficit	$ 1,335,479	$ 1,386,763

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Blockchain of Things, Inc. 10-Q