Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
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Income Statement [Abstract] | ||||
Net revenues | $ 1,414,211 | $ 41,362 | $ 3,312,476 | $ 4,067,562 |
Operating expenses: | ||||
Direct costs of revenue | 309,347 | 305,157 | 849,632 | 1,128,060 |
General and administrative | 5,169,478 | 6,497,718 | 12,978,349 | 17,142,263 |
Sales and marketing expenses | 170,028 | 415,976 | 620,560 | 1,441,322 |
Bad debt | 477,249 | 3,666,707 | 1,051,590 | 3,667,992 |
Depreciation and amortization | 451,597 | 680,579 | 1,508,042 | 2,037,910 |
Total operating expenses | 6,577,699 | 11,566,137 | 17,008,173 | 25,417,547 |
Loss from continuing operations before other income (expense) and income taxes | (5,163,488) | (11,524,775) | (13,695,697) | (21,349,985) |
Other income (expense): | ||||
Other income | 40,455 | 127,008 | 91,212 | 227,020 |
Change in fair value of derivative instruments | 1,827,112 | (42,702,815) | 6,553,772 | |
Gain (loss) on extinguishment of debt | 42,702,815 | |||
Loss on legal settlement | (17,654) | |||
Interest expense | (5,331,681) | (1,651,629) | (16,510,525) | (4,700,664) |
Total other income (expense), net | (5,291,226) | 302,491 | (16,419,313) | 2,062,474 |
Net loss from continuing operations before income taxes | (10,454,714) | (11,222,284) | (30,115,010) | (19,287,511) |
Provision for income taxes | 372 | 3,622 | ||
Net loss from continuing operations | (10,455,086) | (11,222,284) | (30,118,632) | (19,287,511) |
Net loss from discontinued operations | (370,151) | (787,155) | (1,053,471) | (2,828,030) |
Net loss | (10,825,237) | (12,009,439) | (31,172,103) | (22,115,541) |
Deemed dividend from trigger of down round provision feature | (2,280,280) | (53,341,619) | ||
Net loss to common shareholders | $ (13,105,517) | $ (12,009,439) | $ (84,513,722) | $ (22,115,541) |
Net loss per common share: | ||||
Basic and diluted: continuing operations | $ (10.59) | $ (122.24) | $ (112.12) | $ (368.16) |
Basic and diluted: discontinued operations | (0.31) | (8.57) | (1.54) | (53.98) |
Total Basic and diluted | $ (10.90) | $ (130.81) | $ (123.66) | $ (422.14) |
Weighted average number of common shares outstanding during the period: | ||||
Basic and diluted | 1,202,299 | 91,808 | 683,411 | 52,389 |
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- Definition Deemed dividend from trigger of down round provision feature. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of patient service revenue, net of contractual allowances and discounts, less the related provision for bad debts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation, when the per share amount is the same. No definition available.
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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