Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenue $ 69,685 $ 44,952 [1]
Cost of revenue 6,260 7,711 [1]
Gross profit 63,425 37,241 [1]
Operating expenses 743,037 850,238 [1]
Loss from operations (679,612) (812,997) [1]
Other income (expense)    
Change in fair value of derivative liability 6,461,402 (8,542) [1]
Gain (loss) on settlement of debt (609,275) 38,891 [1]
Interest expense, net (834,097) (1,623,577) [1]
Other income (expense) 5,018,030 (1,593,228)
Income (Loss) before income taxes 4,338,418 (2,406,225) [1]
Provision for income taxes [1]
Net Income (Loss) $ 4,338,418 $ (2,406,225) [1]
Basic Income (Loss) per share $ 1.47 $ (4.99) [1]
Diluted Income (Loss) per share $ (0.14) $ (4.99) [1]
Weighted average common share outstanding:    
Basic 2,952,171 481,827 [1]
Diluted 11,925,787 481,827 [1]
[1] The condensed consolidated financial statements have been retroactively restated to reflect the 1,000-for-1-reverse stock split that occurred in December 20, 2019.