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 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
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