Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share (Tables)

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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for each of the three and six months ended June 30, 2019 and 2018:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2019     2018     2019     2018  
Numerator:                                
Net (loss) income from continuing operations   $ (13,279,576 )   $ 45,464,498     $ (26,212,371 )   $ (101,321,877 )
Deduct change in fair value of derivative liabilities to the extent effect is dilutive for diluted calculation     -       (44,091,731 )     -       -  
Amortize discounts associated with conversion of dilutive convertible debentures for diluted calculation     -       (7,354,747 )     -       -  
Adjusted net loss from continuing operations     (13,279,576 )     (5,981,980 )     (26,212,371 )     (101,321,877 )
Net (loss) income from discontinued operations     (145,251 )     (146,577 )     (653,860 )     275,216  
Deemed dividends     -       -       (123,861,587 )     -  
Net loss to common shareholders   $ (13,424,827 )   $ (6,128,557 )   $ (150,727,818 )   $ (101,046,661 )
Denominator:                                
Weighted average number of common shares outstanding during the period:                                
Basic     5,289,645,114       1,620,332       3,357,860,127       1,035,358  
Common stock equivalents:                                
Warrants     -       17,475,725       -       -  
Convertible preferred stock     -       1,892,915       -       -  
Convertible debentures     -       2,811,240       -       -  
Diluted     5,289,645,114       23,800,212       3,357,860,127       1,035,358  
Net (loss) income per common share- continuing operations:                                
Basic   $ (0.00 )   $ 28.06     $ (0.01 )   $ (97.86 )
Diluted   $ (0.00 )   $ (0.27 )   $ (0.01 )   $ (97.86 )
Net (loss) income per common share- discontinued operations:                                
Basic   $ (0.00 )   $ (0.09 )   $ (0.00 )   $ 0.27  
Diluted   $ (0.00 )   $ (0.01 )   $ (0.00 )   $ 0.27  
Total per share net (loss) income to common stockholders:                                
Basic   $ (0.00 )   $ 27.97     $ (0.04 )   $ (97.60 )
Diluted   $ (0.00 )   $ (0.28 )   $ (0.04 )   $ (97.60 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Diluted loss per share as reflected in the table above excludes all dilutive potential shares if their effect is anti-dilutive. For the six months ended June 30, 2019 and 2018, the following table sets forth the computation of the following potential common stock equivalents excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

 

    Six Months Ended June 30,  
    2019     2018  
Warrants     634,525,355,377       63,414,862  
Convertible preferred stock     85,291,785,590       7,684,231  
Convertible debentures     30,570,395,193       3,476,470  
Stock options     77       77  
      750,387,536,237       74,575,640