Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.2
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
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