General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets

v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:      
Cash and cash equivalents $ 37,000 $ 576,000 $ 1,500,000
Restricted cash 112,000 374,000 1,180,000
Deferred course expenses 260,000 304,000 1,167,000
Prepaid expenses and other current assets 330,000 607,000 1,578,000
Inventory 1,000 1,000 10,000
Discontinued operations current assets 820,000
Total current assets 740,000 1,862,000 6,255,000
Property and equipment, net   4,000
Right-of-use assets 20,000 45,000
Other assets 6,000 6,000 6,000
Discontinued operations-other assets 32,000 33,000 34,000
Total assets 778,000 1,921,000 6,344,000
Current liabilities:      
Accounts payable 2,553,000 2,544,000 1,762,000
Royalties payable 110,000 110,000 113,000
Accrued course expenses 236,000 252,000 277,000
Accrued salaries, wages and benefits 192,000 202,000 73,000
Operating lease liability, current portion 20,000 25,000
Other accrued expenses 775,000 2,114,000 3,888,000
Deferred revenue 4,114,000 4,438,000 10,382,000
Short-term related party debt, net of unamortized debt discount of $133 1,178,000 142,000
Current portion of long term debt, net of unamortized debt discount of $0 344,000 1,011,000
Discontinued operations-current liabilities 10,651,000 9,845,000 11,286,000
Total current liabilities 20,153,000 20,678,000 27,806,000
Long-term debt, net of current portion and net of unamortized debt discount 1,740,000 1,933,000 1,900,000
Deferred tax liability, net 1,336,000 1,493,000 134,000
Other long term liabilities 120,000
Operating lease liability, net of current portion 20,000
Total liabilities 23,229,000 24,104,000 29,980,000
Commitments and contingencies (Note 13)  
Stockholders’ deficit:      
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued
Common stock, $0.0001 par value; 200,000,000 authorized; 37,867,697 and 33,917,697 shares issued and outstanding as of September 30, 2022, and December 31, 2021 3,000 3,000 2,000
Additional paid-in capital 13,225,000 13,161,000 11,564,000
Cumulative foreign currency translation adjustment 1,559,000 837,000 416,000
Accumulated deficit (37,238,000) (36,184,000) (35,618,000)
Total stockholders’ deficit (22,451,000) (22,183,000) (23,636,000)
Total liabilities and stockholders’ deficit $ 778,000 $ 1,921,000 $ 6,344,000