Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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Income Statement [Abstract] | ||||
Net revenues | $ 5,039,112 | $ 810,088 | $ 9,932,989 | $ 1,568,918 |
Operating expenses: | ||||
Direct costs of revenue | 3,350,286 | 262,000 | 7,809,465 | 717,234 |
General and administrative | 4,348,818 | 4,454,167 | 10,238,891 | 10,935,179 |
Sales and marketing expenses | 2,758 | 170,028 | 1,543 | 617,080 |
Depreciation and amortization | 152,825 | 426,582 | 804,074 | 1,273,435 |
Total operating expenses | 7,854,687 | 5,312,777 | 18,853,973 | 13,542,928 |
Loss from continuing operations before other income (expense) and income taxes | (2,815,575) | (4,502,688) | (8,920,984) | (11,974,010) |
Other income (expense): | ||||
Other income | 188,658 | 40,455 | 609,719 | 91,212 |
Gain on Bargain Purchase | (7,732,302) | |||
Change in fair value of derivative instruments | 109,305,331 | 13,688,678 | (42,702,815) | |
Gain on extinguishment of debt | (23,000) | 42,702,815 | ||
Interest expense | (9,322,333) | (5,331,673) | (17,075,437) | (16,510,517) |
Total other income (expense), net | 100,171,656 | (5,314,218) | 4,955,262 | (16,442,305) |
Net income (loss) from continuing operations before income taxes | 97,356,081 | (9,816,906) | (3,965,722) | (28,416,314) |
Income tax expense | 372 | 76 | 3,622 | |
Net income (loss) from continuing operations | 97,356,081 | (9,817,278) | (3,965,798) | (28,419,936) |
Net income (loss) from discontinued operations | (159,430) | (1,007,959) | (115,787) | 2,752,173 |
Net income (loss) | 97,196,652 | (10,825,237) | (3,850,011) | (31,172,104) |
Deemed dividend from trigger of down round provision feature | (17,942,578) | (2,280,280) | (17,942,578) | (53,341,619) |
Net income (loss) to common shareholders | $ 79,254,074 | $ (13,105,517) | $ (21,792,589) | $ (84,513,723) |
Net income (loss) per common share: | ||||
Basic continuing operations | $ 17.60 | $ (4,083) | $ (1.55) | $ (20,793) |
Diluted continuing operations | (0.08) | (4,083) | (1.55) | (20,793) |
Basic discontinued operations | (0.03) | (419) | 0.05 | (2,014) |
Diluted discontinued operations | (0.00) | (419) | 0.05 | (2,014) |
Basic net income (loss) | 14.33 | (5,450) | (8.54) | (61,832) |
Diluted net loss | $ (0.46) | $ (5,450) | $ (8.54) | $ (61,832) |
Weighted average number of common shares outstanding during the period: | ||||
Basic | 5,531,767 | 2,405 | 2,550,632 | 1,367 |
Diluted | 81,951,541 | 2,405 | 2,550,632 | 1,367 |
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- Definition Deemed dividend from trigger of down round provision feature. No definition available.
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- Definition In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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/disclosureRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (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. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of patient service revenue, net of contractual allowances and discounts, less the related provision for bad debts. No definition available.
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) derived from continuing operations during 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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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/disclosureRef
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- Definition Amount of interest expense classified as other. No definition available.
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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/disclosureRef
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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/disclosureRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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 average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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