Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
[1]
Jun. 30, 2020
Jun. 30, 2019
[1]
Income Statement [Abstract]        
Revenue $ 44,631 $ 62,729 $ 114,316 $ 107,681
Cost of revenue 11,300 29,573 17,560 37,284
Gross profit 33,331 33,156 96,756 70,397
Operating expenses 635,157 1,007,971 1,378,194 1,858,209
Loss from operations (601,826) (974,815) (1,281,438) (1,787,812)
Other income (expense)        
Change in fair value of derivative liability (861,147) (5,470,621) 5,600,255 (5,479,163)
Gain (loss) on settlement of debt 92,492 13,399 (516,783) 52,290
Interest expense, net (264,170) (1,405,509) (1,098,267) (3,029,086)
Other income (expense) (1,032,825) (6,862,731) 3,985,205 (8,455,959)
Income (Loss) before income taxes (1,634,651) (7,837,546) 2,703,767 (10,243,771)
Provision for income taxes
Net Income (loss) income $ (1,634,651) $ (7,837,546) $ 2,703,767 $ (10,243,771)
Basic Income (Loss) per share $ (0.17) $ (13.57) $ 0.42 $ (19.33)
Diluted Income (Loss) per share $ (0.17) $ (13.57) $ (0.15) $ (19.33)
Weighted average common share outstanding:        
Basic 9,833,073 577,492 6,368,543 529,924
Diluted 9,833,073 577,492 15,065,162 529,924
[1] The condensed consolidated financial statements have been retroactively restated to reflect the 1,000-for-1-reverse stock split that occurred on December 20, 2019.