Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Net revenues $ 3,223,896 $ 7,200,120
Operating expenses:    
Direct costs of revenues 5,292,430 11,783,526
General and administrative expenses 7,507,613 11,660,899
Asset impairments 2,300,826 250,000
Depreciation and amortization 643,551 700,993
Total operating expenses 15,744,420 24,395,418
Loss from continuing operations before other income (expense) and income taxes (12,520,524) (17,195,298)
Other income (expense):    
Other income, net 5,376,244 5,371,484
Gain from extinguishment of debt 1,985,121 2,041,038
Gain from legal settlements 3,252,144 671,613
Interest expense (3,185,828) (9,840,724)
Total other income (expense), net 7,427,681 (1,756,589)
Net loss from continuing operations before income taxes (5,092,843) (18,951,887)
(Provision) benefit from income taxes (179,530) 1,308,180
Net loss from continuing operations (5,272,373) (17,643,707)
Loss from discontinued operations (426,409) (696,067)
Gain on sale 11,303,939
Total income (loss) from discontinued operations 10,877,530 (696,067)
Net income (loss) 5,605,157 (18,339,774)
Deemed dividends (506,477,007) (263,254,718)
Net loss available to common stockholders $ (500,871,850) $ (281,594,492)
Net loss per share of common stock available to common stockholders- basic and diluted:    
Continuing operations $ (933.21) $ (280,898,425)
Discontinued operations 19.84 (696,067)
Total basis and diluted $ (913.37) $ (281,594,492)
Weighted average number of shares of common stock outstanding during the period:    
Basic and diluted 548,377 1