Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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Income Statement [Abstract] | ||||
Net revenues | $ 1,010,245 | $ 1,950,698 | $ 1,288,402 | $ 5,860,807 |
Operating expenses: | ||||
Direct costs of revenues | 1,207,749 | 2,805,829 | 4,074,149 | 8,151,478 |
General and administrative expenses | 2,019,086 | 3,274,508 | 6,915,453 | 8,593,756 |
Depreciation and amortization | 135,065 | 53,579 | 513,929 | 399,377 |
Total operating expenses | 3,361,900 | 6,133,916 | 11,503,531 | 17,144,611 |
Loss from continuing operations before other income (expense) and income taxes | (2,351,655) | (4,183,218) | (10,215,129) | (11,283,804) |
Other income (expense): | ||||
Other income (expense), net | (346,197) | 169,101 | 4,140,049 | 6,907,670 |
Gain from extinguishment of debt | 1,027,000 | 389,864 | 1,027,000 | 389,864 |
Gain (loss) from legal settlements | 3,157,203 | (23,652) | 3,179,393 | 1,096,613 |
Interest expense | (700,786) | (2,377,980) | (2,503,173) | (7,926,750) |
Total other income (expense), net | 3,137,220 | (1,842,667) | 5,843,269 | 467,397 |
Net income (loss) from continuing operations before income taxes | 785,565 | (6,025,885) | (4,371,860) | (10,816,407) |
Benefit from income taxes | (1,118,485) | |||
Net income (loss) from continuing operations | 785,565 | (6,025,885) | (4,371,860) | (9,697,922) |
Loss from discontinued operations | (31,388) | (166,180) | (423,791) | (164,293) |
Gain on sale | 576,787 | 11,303,939 | ||
Total income (loss) from discontinued operations | 545,399 | (166,180) | 10,880,148 | (164,293) |
Net income (loss) | 1,330,964 | (6,192,065) | 6,508,288 | (9,862,215) |
Deemed dividends | (259,530,999) | (63,544,950) | (409,142,478) | (66,695,318) |
Net loss available to common stockholders | $ (258,200,035) | $ (69,737,015) | $ (402,634,190) | $ (76,557,533) |
Net loss per share of common stock available to common stockholders- basic and diluted: | ||||
Continuing operations | $ (0.59) | $ (54,182.89) | $ (2.75) | $ (70,343.68) |
Discontinued operations | 0.00 | (129.42) | 0.07 | (151.28) |
Total basic and diluted | $ (0.59) | $ (54,312.31) | $ (2.68) | $ (70,494.96) |
Weighted average number of shares of common stock outstanding during the period: | ||||
Basic and diluted | 438,998,913 | 1,284 | 150,459,817 | 1,086 |
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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://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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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 after tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of income (loss) from operations classified as a discontinued operation. Excludes gain (loss) on disposal and provision for gain (loss) until its disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or 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/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. 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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- Definition Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation, when the per share amount is the same. No definition available.
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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://fasb.org/us-gaap/role/ref/legacyRef
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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 The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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 value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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