• Filing Date: 2018-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 241,573 $ 100,204 $ 280,276 $ 181,991
Cost of revenues 324,984 309,739 386,101 406,031
Gross profit (83,411) (209,535) (105,825) (224,040)
Operating Expenses:        
Selling, general and administrative 782,410 1,413,197 1,673,414 3,024,957
Total Operating Expenses 782,410 1,413,197 1,673,414 3,024,957
Loss from Operations (865,821) (1,622,732) (1,779,239) (3,248,997)
Other Income (Expense):        
Interest expense (928,121) (758,107) (1,474,133) (1,891,235)
Gain/(Loss) on Derivative Instrument (263,225) 1,006,309 (9,246,435) 1,284,031
Initial derivative expense (314,822) (181,265) (559,728) (1,284,704)
Gain/(Loss) on Settlement of Debt 0 0 0 (2,706,197)
Impairment of intangible assets 0 0 0 (12,127)
Loss on sale of company stock (6,965,000) 0 (6,965,000) 0
Total Other Income (Expense) (8,471,168) 66,937 (18,245,296) (4,610,232)
Loss from continuing operations (9,336,989) (1,555,795) (20,024,535) (7,859,229)
Other Comprehensive Income 0 0 0 13,047
Unrealized holding gains arising during period 135,000 0 135,000 0
Discontinued operations:        
Loss from operations of discontinued entity 0 (13,113) 0 (244,298)
Net Comprehensive Loss $ (9,201,989) $ (1,568,908) $ (19,889,535) $ (8,090,480)
Net Loss Per Common Share:        
Basic and diluted $ (0.04) $ (0.01) $ (0.09) $ (0.05)
Weighted Average Common Shares Outstanding:        
Basic and diluted 226,733,752 191,606,423 227,203,861 170,802,429