v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Revenues, other $ 242,857 $ 384,177
Revenues, related party 82,019 86,449
Total revenues 324,876 470,626
Cost of sales    
Cost of sales, other 156,909 256,918
Cost of sales, related 24,779 36,303
Total cost of sales 181,688 293,221
Gross profit 143,188 177,405
Operating Expenses:    
Compensation and benefits (including stock- based fees of $785,702 (2018)) 1,543,754 645,723
Advertising and promotion 173,580
Professional fees (including stock- based fees of $302,148 (2018) and $173,794 (2017)) 651,216 391,177
Consulting fees, stockholder 60,000
Rent (including related party of $144,000 (2018) and $111,377 (2017)) 186,700 111,377
Investor relations 125,415 43,845
Bad debt expense, net of recoveries 10,383 63,799
Other general and administrative 160,753 87,974
Total operating expenses 2,851,801 1,403,897
Loss from operations (2,708,613) (1,226,492)
Other Income (Expense):    
Other income 5,533
Derivative expense (2,436,951) (265,674)
Gain (loss) on investment in undivided interest in real estate 2,060 (1,378)
Write off of deferred commissions (508,334)
Gain on contract cancellations and settlements 1,297,223 160,000
Gain on debt extinguishment 530,468
Interest income, including $228 (2017) from officer 300
Interest expense and finance charges (1,269,305) (77,287)
Total other income (expense), net (1,876,505) (686,840)
Net loss $ (4,585,117) $ (1,913,332)
Basic and diluted loss per share $ (0.06) $ (0.03)
Weighted average number of common shares outstanding Basic and diluted 78,891,884 61,320,706

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