v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Consolidated Statements of Operations        
Net Revenues $ 280,401 $ 55,872 $ 1,753,851 $ 161,828
Operating Expenses:        
Technology 545,639 315,824 1,577,197 1,070,561
General and administrative 1,167,861 703,238 2,489,867 1,494,609
Total Operating Expenses 1,713,500 1,019,062 4,067,064 2,565,170
Loss From Operations (1,433,099) (963,190) (2,313,213) (2,403,342)
Other (Expense) Income:        
Interest expense (389,319) (362,179) (1,118,614) (522,278)
Interest expense - related parties (200,821) (29,551) (403,372) (29,666)
Amortization of beneficial conversion feature (1,984,322)   (1,984,322)  
Gain on settlement of notes and other payables 139,333   139,333  
Gain on forgiveness of accounts payable - supplier     236,248  
Loss on extinguishment of convertible note payable (297,272)   (297,272)  
Other income 1,000 12 13,294 256
Total Other Expense (2,731,401) (391,718) (3,414,705) (551,688)
Net Loss (4,164,500) (1,354,908) (5,727,918) (2,955,030)
Deemed dividend related to warrant down round adjustment (1,682,000)   (1,682,000)  
Net Loss Attributable to Common Shareholders $ (5,846,500) $ (1,354,908) $ (7,409,918) $ (2,955,030)
Net Loss Per Share - Basic and Diluted $ (1.03) $ (0.38) $ (1.72) $ (0.82)
Weighted Average Common Shares Outstanding - Basic and Diluted 5,676,561 3,599,300 4,300,905 3,599,909

Source