Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net revenues $ 1,841,531 $ 5,190,650
Operating expenses:    
Direct costs of revenue 2,566,280 4,164,400
General and administrative 2,962,729 5,276,136
Depreciation and amortization 164,707 223,586
Total operating expenses 5,693,716 9,664,122
Loss from continuing operations before other income (expense) and income taxes (3,852,185) (4,473,472)
Other income (expense):    
Other expense, net (128,043) (884,280)
Gain on bargain purchase 250,000
Change in fair value of derivative instruments (105,076)
Interest expense (2,890,260) (7,719,967)
Total other expense, net (3,018,303) (8,459,323)
Net loss from continuing operations before income taxes (6,870,488) (12,932,795)
Benefit from income taxes (1,118,485)
Net loss from continuing operations (5,752,003) (12,932,795)
Net loss from discontinued operations (39,775) (508,609)
Net loss (5,791,778) (13,441,404)
Deemed dividends from trigger of down round provision feature (123,861,587)
Net loss to common shareholders $ (5,791,778) $ (137,302,991)
Net loss per common share:    
Basic and diluted: continuing operations $ (0.00) $ (0.10)
Basic and diluted: discontinued operations (0.00) (0.00)
Total Basic and diluted $ (0.00) $ (0.10)
Weighted average number of common shares outstanding during the period:    
Basic and diluted 9,813,222,489 1,404,610,862