v3.20.1

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash	$ 2,067,432	$ 2,242,013
Accounts receivable, net	40,416	52,281
Inventories	20,394	10,735
Prepaid and other assets	5,168	14,433
Total Current Assets	2,133,410	2,319,462
Property and equipment, net	22,618	23,871
Right of use asset	22,935	25,001
Intangible assets, net	2,138,710	2,230,122
Goodwill	3,313,226	3,313,226
TOTAL ASSETS	7,630,899	7,911,682
CURRENT LIABILITIES:
Accounts payable and accrued expenses	1,631,521	1,388,505
Current portion of right of use liability	8,291	8,040
Current Portion-notes payable	2,500,000	2,500,000
Current portion - notes payable, net of discounts of $82,224 and $123,336 March 31, 2020 and December 31, 2019, respectively	5,222,276	5,181,164
Total Current Liabilities	9,362,088	9,077,709
LONG-TERM LIABILITIES:
Right of use liability, net of current portion	14,585	16,784
Deferred tax liability	212,882	364,882
Total Long-term Liabilities	227,467	381,666
Total Liabilities	9,589,555	9,459,375
STOCKHOLDERS' DEFICIENCY
Preferred Stock, .001 par value, 5,000,000 shares authorized No shares issued and outstanding March 31, 2020 and December 31, 2019, respectively
Common Stock, .001 par value, 100,000,000 shares authorized 22,869,191 shares issued and outstanding March 31, 2020 and December 31, 2019, respectively	22,869	22,869
Additional Paid in Capital	1,117,967	1,117,967
Accumulated Deficit	(3,099,492)	(2,688,529)
Total Stockholders' Deficiency	(1,958,656)	(1,547,693)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 7,630,899	$ 7,911,682

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.

Health-Right Discoveries, Inc. 10-Q