• Filing Date: 2018-11-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement        
Consulting revenue       $ 8,753
Total revenues       8,753
Operating expenses        
General and administrative expense $ 15,714 $ 28,567 $ 23,331 353,498
Research and development   3,680   247,554
Loss before other items (15,714) (32,247) (23,331) (592,299)
Other items        
Accretion expense       1,046,271
Change in fair value of derivative liability 17,156 (18,036) (281,263) (83,942)
Financing costs       362,720
Gain on divestiture of subsidiary     11,871  
Interest expense 373,649 315,793 1,070,150 860,405
Stock-based compensation 9,115 24,130 32,684 (47,933)
Net income (loss) (381,322) (390,206) (1,395,557) (2,897,704)
Foreign exchange translation   (2,998) 5,317 (8,219)
Comprehensive income (loss) $ (381,322) $ (393,204) $ (1,390,240) $ (2,905,923)
Net income (loss) per common share - basic and diluted $ 0 $ 0 $ (0.02) $ (0.03)
Weighted common shares outstanding - basic and diluted 88,195,005 88,195,005 88,195,005 88,195,005