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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
[1]
Sep. 30, 2020
Sep. 30, 2019
[1]
Income Statement [Abstract]        
Revenue $ 39,980 $ 54,039 $ 154,296 $ 161,720
Cost of revenue 760 8,925 18,320 46,209
Gross profit 39,220 45,114 135,976 115,511
Operating expenses 986,019 1,336,377 2,364,213 3,194,586
Loss from operations (946,799) (1,291,263) (2,228,237) (3,079,075)
Other income (expense)        
Change in fair value of derivative liability 416,370 693,996 6,016,625 (4,785,167)
Gain (loss) on settlement of debt (47,602) 10,746 (564,385) 63,036
Other expense (58,902) (58,902)
Interest expense, net (432,108) (819,675) (1,530,375) (3,848,761)
Other income (expense) (122,242) (114,933) 3,862,963 (8,570,892)
Income (Loss) before income taxes (1,069,041) (1,406,196) 1,634,726 (11,649,967)
Provision for income taxes
Net Income (loss) income $ (1,069,041) $ (1,406,196) $ 1,634,726 $ (11,649,967)
Basic Income (Loss) per share $ (0.07) $ (1.81) $ 0.17 $ (19.00)
Diluted Income (Loss) per share $ (0.07) $ (1.81) $ (0.15) $ (19)
Weighted average common share outstanding:        
Basic 16,137,373 777,249 9,621,530 613,272
Diluted 16,137,373 777,249 23,575,380 613,272
[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.