Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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]        
Net revenues $ 3,292,217 $ 74,565 $ 4,893,877 $ 758,830
Operating expenses:        
Direct costs of revenue 2,369,813 210,403 4,459,179 455,234
General and administrative 2,998,055 3,164,563 5,890,073 6,481,011
Sales and marketing expenses 194,738 (1,215) 447,052
Depreciation and amortization 317,734 419,924 651,248 846,853
Total operating expenses 5,685,602 3,989,628 10,999,285 8,230,150
Loss from continuing operations before other income (expense) and income taxes (2,393,385) (3,915,063) (6,105,408) (7,471,320)
Other income (expense):        
Other income 409,092 50,757 421,061 50,757
Gain on Bargain Purchase 7,732,302 7,732,302
Change in fair value of derivative instruments 44,162,579 (95,616,653) (42,702,815)
Gain on extinguishment of debt 42,702,815
Interest expense (4,446,090) (6,135,982) (7,753,103) (11,178,844)
Total other income (expense), net 47,857,883 (6,085,225) (95,216,393) (11,128,087)
Net income (loss) from continuing operations before income taxes 45,464,498 (10,000,288) (101,321,801) (18,599,407)
Income tax expense 76 3,250
Net income (loss) from continuing operations 45,464,498 (10,000,288) (101,321,877) (18,602,657)
Net income (loss) from discontinued operations (146,577) (677,921) (275,216) 1,744,209
Net income (loss) 45,317,921 (10,678,209) (101,046,661) (20,346,866)
Deemed dividend from trigger of down round provision feature (3,508,587) (51,061,339)
Net income (loss) to common shareholders $ 45,317,921 $ (14,186,796) $ (101,046,661) $ (71,408,205)
Net income (loss) per common share:        
Basic continuing operations $ 0.06 $ (19.75) $ (0.20) $ (44.74)
Diluted continuing operations (0.00) (19.75) (0.20) (44.74)
Basic discontinued operations (0.00) (1.34) 0.00 (4.20)
Diluted discontinued operations (0.00) (1.34) 0.00 (4.20)
Basic net income (loss) 0.06 (28.02) (0.20) (171.75)
Diluted net loss $ (0.00) $ (28.02) $ (0.20) $ (171.75)
Weighted average number of common shares outstanding during the period:        
Basic 810,165,997 506,288 517,679,176 415,760
Diluted 11,900,106,250 506,288 517,679,176 415,760