Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements of Operations    
Net Revenues $ 2,900,029 $ 177,635
Operating Expenses:    
Technology 2,144,406 1,486,056
General and administrative 5,222,361 2,007,362
Total Operating Expenses 7,366,767 3,493,418
Loss From Operations (4,466,738) (3,315,783)
Other (Expense) Income:    
Interest expense (1,123,086) (740,256)
Interest income 12,589 613
Interest expense - related parties (403,372) (79,839)
Amortization of beneficial conversion feature (1,984,322)  
Gain on settlement of notes and other payables 148,600  
Loss on settlement of other payables (23,601)  
Gain on forgiveness of accounts payable - supplier 236,248  
Loss on extinguishment of convertible note payable (297,272)  
Other income 15,294 2,392
Total Other Expense (3,418,922) (817,090)
Net Loss (7,885,660) (4,132,873)
Deemed dividend related to warrant down round adjustment (1,682,000)  
Net Loss Attributable to Common Shareholders $ (9,567,660) $ (4,132,873)
Net Loss Per Share - Basic and Diluted $ (1.85) $ (1.15)
Weighted Average Common Shares Outstanding - Basic and Diluted 5,185,204 3,600,316