Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 1,464,086 $ 2,645,852
Accounts receivable, net 0 750
Grant receivable 0 186,668
Prepaid expenses 1,265,271 213,283
Total current assets 2,729,357 3,046,553
Property and equipment, net 134,126 148,300
Right to use assets 416,135 458,707
Other assets:    
Patents, net 13,153 13,736
Intellectual property, net 200,430 224,010
Deposits, long term 44,520 41,936
Total other assets 258,103 279,682
Total assets 3,537,721 3,933,242
Current liabilities:    
Accounts payable and accrued expenses, including related party payables of $551,054 and $391,209, respectively 1,932,550 2,027,380
Deferred revenue, short term 95,077 134,924
Deferred revenue-grant 1,153,017 0
Lease liability, short term 81,848 76,977
Notes payable 21,480 21,480
Notes payable, related parties 290,110 290,110
Advances from SBA 5,000 0
PPP loan, short term 10,759 0
Total current liabilities 3,589,841 2,550,871
Long term liabilities:    
PPP loan, long term 17,241 0
Royalty obligation, net of discount of $6,575,210 and $6,812,318, related parties 2,146,890 1,909,782
Lease liability, long term 385,850 428,162
Deferred revenue, long term 87,219 103,313
Total liabilities 6,227,041 4,992,128
Deficit:    
Common stock, $0.001 par value; 750,000,000 shares authorized, 5,380,775 and 5,326,852 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 5,381 5,327
Common stock subscribed 100,000 100,000
Additional paid in capital 60,297,608 60,111,429
Accumulated deficit (63,018,079) (61,216,080)
Total deficit attributable to BioCorRx, Inc. (2,593,474) (977,708)
Non-controlling interest (95,846) (81,178)
Total deficit (2,689,320) (1,058,886)
Total liabilities and deficit 3,537,721 3,933,242
Series B convertible preferred stock [Member]    
Deficit:    
Total deficit 5,616 5,616
Preferred stock value 5,616 5,616
Series A convertible preferred stock [Member]    
Deficit:    
Total deficit 16,000 16,000
Preferred stock value $ 16,000 $ 16,000