v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 219,673 $ 26,691 $ 391,202 $ 53,972
Revenues, related party 23,323 15,000 52,019
Total revenues 219,673 50,014 406,202 105,991
Cost of sales        
Cost of sales 99,463 24,477 181,827 49,258
Cost of sales, related 7,325 21,408
Total cost of sales 99,463 31,802 181,827 70,666
Gross profit 120,210 18,212 224,375 35,325
Operating Expenses:        
Compensation and benefits (including stock- based fees of $35,917 and $50,000 for the three and six months ended June 30, 2019 and $772,600 for the three and six months ended June 30, 2018) 435,086 925,767 798,823 1,085,306
Advertising and promotion 143,800 66,007 311,584 91,328
Professional fees (including stock- based fees of $197,876 and $308,292 for three and six months ended June 30, 2019 and $21,327 and $64,240 for three and six months ended June 30, 2018) 239,923 115,419 377,317 230,906
Rent (including related party of $36,000 for three months ended June 30, 2019 and 2018 and $72,000 for six months ended June 30, 2019 and 2018 98,133 36,000 194,062 72,000
Investor relations 89,528 23,778 164,776 76,419
Other general and administrative 132,487 6,073 269,126 47,316
Total operating expenses 1,138,958 1,173,044 2,115,689 1,603,274
Loss from operations (1,018,748) (1,154,832) (1,891,314) (1,567,949)
Other Expense:        
Derivative (income) expense 235,478 (518,711) (342,360) (669,970)
Gain on investment in undivided interest in real estate 5,856 3,046 4,816 741
Gain (loss) on debt extinguishment 459 (44,393)
Interest expense and finance charges (728,456) (182,528) (1,235,198) (313,792)
Total other expense, net (486,664) (698,193) (1,617,135) (983,020)
Net loss $ (1,505,411) $ (1,853,025) $ (3,508,449) $ (2,550,969)
Basic and diluted loss per share $ (0.01) $ (0.03) $ (0.02) $ (0.04)
Weighted average number of common shares outstanding Basic and diluted 155,732,524 57,711,814 145,156,477 59,761,633

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