• Filing Date: 2018-04-17
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues    
Service revenue $ 385,628 $ 65,932
Total revenues 385,628 65,932
Cost of Revenues    
Cost of service revenue 684,004 162,075
Total cost of revenue 684,004 162,075
Gross Profit (298,376) (96,143)
Operating Expenses:    
Selling, general and administrative expenses 4,908,934 7,885,264
Total Operating Expenses 4,908,934 7,885,264
Loss from Operations (5,207,310) (7,981,407)
Other Income (Expense):    
Interest expense (3,058,310) (3,520,609)
Change in derivatives 3,376,620 1,870,653
Initial derivative expense (1,284,704) (565,780)
Loss on disposition of fixed assets 0 (17,526)
Loss on settlement of debt (4,071,789) 36,177
Total Other Income (Expense) (5,038,183) (2,197,085)
Net Loss from continuing operations (10,245,493) (10,178,492)
Other Comprehensive (Loss) 13,047 (14,119)
Discontinued operations:    
(Loss) from operations of discontinued entity (149,608) (532,011)
Gain on sale of segment 278,720 0
Net Comprehensive Loss $ (10,103,334) $ (10,724,622)
Net loss per common share for continuing operations $ (0.06) $ (0.12)
Net Loss per Common Sahre: Basic and Diluted $ (0.05) $ (0.13)
Weighted Average Common Shares Outstanding: Basic and diluted 184,099,336 83,575,215