Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net revenues $ 3,885,977 $ 5,039,112 $ 13,137,816 $ 9,932,989
Operating expenses:        
Direct costs of revenue 3,227,709 3,350,286 12,072,442 7,809,465
General and administrative 3,163,624 4,351,576 12,730,695 10,240,434
Depreciation and amortization 199,996 152,825 609,818 804,074
Total operating expenses 6,591,329 7,854,687 25,412,955 18,853,973
Loss from continuing operations before other income (expense) and income taxes (2,705,352) (2,815,575) (12,275,139) (8,920,984)
Other (expense) income:        
Other (expense) income (5,784,873) 188,658 (6,980,616) 609,719
Gain on bargain purchase 250,000 7,732,302
Change in fair value of derivative instruments 109,305,331 (105,076) 13,688,678
Interest expense (3,637,467) (9,322,333) (19,229,232) (17,075,437)
Total other(expense) income, net (9,422,340) 100,171,656 (26,064,924) 4,955,262
Net (loss) income from continuing operations before income taxes (12,127,692) 97,356,081 (38,340,063) (3,965,722)
Provision for income taxes 76
Net (loss) income from continuing operations (12,127,692) 97,356,081 (38,340,063) (3,965,798)
Net (loss) income from discontinued operations (138,076) (159,430) (791,936) 115,787
Net (loss) income (12,265,768) 97,196,651 (39,131,999) (3,850,011)
Deemed dividend from trigger of down round provision feature (17,942,578) (123,861,587) (17,942,578)
Net (loss) income to common shareholders $ (12,265,768) $ 79,254,073 $ (162,993,586) $ (21,792,589)
Net (loss) income per common share:        
Basic continuing operations $ (0.00) $ 17.6 $ (0.01) $ (1.55)
Diluted continuing operations (0.00) (0.08) (0.01) (1.55)
Basic discontinued operations (0.00) (0.03) (0.00) 0.05
Diluted discontinued operations (0.00) (0.00) (0.00) 0.05
Basic net (loss) income (0.00) 14.33 (0.04) (8.54)
Diluted net loss $ (0.00) $ (0.08) $ (0.04) $ (8.54)
Weighted average number of common shares outstanding during the period:        
Basic 6,634,045,471 5,531,767 4,461,922,587 2,550,632
Diluted 6,634,045,471 254,654,217 4,461,922,587 2,550,632