Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net revenues $ 3,606,236 $ 928,849 $ 4,750,756 $ 278,157
Operating expenses:        
Direct costs of revenues 1,571,673 1,269,302 2,946,316 2,866,400
General and administrative expenses 1,880,167 2,105,888 3,452,503 4,896,367
Depreciation and amortization 117,216 193,640 234,040 378,864
Total operating expenses 3,569,056 3,568,830 6,632,859 8,141,631
Income (loss) from continuing operations before other income (expense) and income taxes 37,180 (2,639,981) (1,882,103) (7,863,474)
Other income (expense):        
Other income, net 18,450 2,008,597 292,538 4,486,246
(Loss) gain from legal settlements, net (76,218) 31,050 (76,218) 22,190
Interest expense (479,253) (889,763) (1,100,190) (1,802,387)
Total other income (expense), net (537,021) 1,149,884 (883,870) 2,706,049
Net loss from continuing operations before income taxes (499,841) (1,490,097) (2,765,973) (5,157,425)
Provision for income taxes
Net loss from continuing operations (499,841) (1,490,097) (2,765,973) (5,157,425)
Loss from discontinued operations (3,945) (165,737) (5,379) (392,403)
Gain from sale 10,727,152 10,727,152
Net (loss) income from discontinued operations (3,945) 10,561,415 (5,379) 10,334,749
Net (loss) income (503,786) 9,071,318 (2,771,352) 5,177,324
Deemed dividends (194,951,624) (99,253,330) (330,876,369) (149,611,479)
Net loss available to common stockholders $ (195,455,410) $ (90,182,012) $ (333,647,721) $ (144,434,155)
Net loss per share of common stock available to common stockholders- basic and diluted:        
Continuing operations $ (0.11) $ (137,815.91) $ (0.39) $ (407,286.59)
Discontinued operations (0.00) 14,447.90 (0.00) 27,196.71
Total basic and diluted $ (0.11) $ (123,368.01) $ (0.39) $ (380,089.88)
Weighted average number of shares of common stock outstanding during the period:        
Basic and diluted 1,702,149,425 731 858,169,865 380