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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-Q
(Mark
One)
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the quarterly period ended September 30, 2021
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For
the transition period from ________________ to ________________
Commission
file number 001-40992
SURGEPAYS,
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
98-0550352 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(I.
R. S. Employer
Identification
No.) |
3124
Brother Blvd, Suite
104 |
|
|
Bartlett
TN |
|
38133 |
(Address
of principal executive offices) |
|
(Zip
Code) |
847-648-7541
(Registrant’s
telephone number, including area code)
Not
applicable
(Former
name, former address, and former fiscal year, if changed since last report)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
SURG |
|
The
Nasdaq Stock Market LLC
(Nasdaq
Capital Market) |
Common Stock Purchase Warrants |
|
SURGW |
|
The
Nasdaq Stock Market LLC
(Nasdaq
Capital Market) |
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Yes
☒ No ☐
Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).
Yes
☒ No ☐
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer ☐ |
Accelerated
filer ☐ |
Non-accelerated
filer ☒ |
Smaller
reporting company ☒ |
|
Emerging
growth company ☒ |
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided to Section 7(a)(2)(B) of the Securities Act.
Indicate
by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act).
Yes
☐ No ☒
The
number of shares of the registrant’s common stock outstanding as of November 11, 2021 was 12,046,528
shares.
TABLE
OF CONTENTS
SURGEPAYS, INC. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
TABLE OF CONTENTS
SurgePays,
Inc. and Subsidiaries
SurgePays,
Inc. and Subsidiaries
Consolidated
Balance Sheets
| |
September
30, 2021 | | |
December
31, 2020 | |
| |
(Unaudited) | | |
(Audited) | |
| |
| | |
| |
Assets | |
| | | |
| | |
| |
| | | |
| | |
Current
Assets | |
| | | |
| | |
Cash | |
$ | 635,527 | | |
$ | 673,995 | |
Accounts
receivable - net | |
| 1,667,630 | | |
| 180,499 | |
Lifeline
revenue - due from USAC | |
| - | | |
| 212,621 | |
Inventory | |
| 502,109 | | |
| 178,309 | |
Prepaids | |
| 35,001 | | |
| 5,605 | |
Total
Current Assets | |
| 2,840,267 | | |
| 1,251,029 | |
| |
| | | |
| | |
Property
and equipment - net | |
| 217,070 | | |
| 236,810 | |
| |
| | | |
| | |
Other
Assets | |
| | | |
| | |
Note
receivable | |
| 176,851 | | |
| - | |
Intangibles
- net | |
| 3,596,861 | | |
| 4,125,742 | |
Goodwill | |
| 866,782 | | |
| 866,782 | |
Investment
in Centercom - related party | |
| 411,056 | | |
| 414,612 | |
Operating
lease - right of use asset - net | |
| 522,072 | | |
| 368,638 | |
Other | |
| - | | |
| 61,458 | |
Total
Other Assets | |
| 5,573,622 | | |
| 5,837,232 | |
| |
| | | |
| | |
Total
Assets | |
$ | 8,630,959 | | |
$ | 7,325,071 | |
| |
| | | |
| | |
Liabilities
and Stockholders’ Deficit | |
| | | |
| | |
| |
| | | |
| | |
Current
Liabilities | |
| | | |
| | |
Accounts
payable and accrued expenses | |
$ | 4,159,473 | | |
$ | 6,827,487 | |
Accounts
payable and accrued expenses - related party | |
| 2,293,926 | | |
| 1,753,837 | |
Deferred
revenue | |
| 235,500 | | |
| 443,300 | |
Operating
lease liability | |
| 68,303 | | |
| 210,556 | |
Line
of credit | |
| - | | |
| 912,870 | |
Loans
payable - related parties | |
| 1,027,500 | | |
| 2,389,000 | |
Notes
payable - net | |
| 593,205 | | |
| 250,000 | |
Convertible
notes payable - net | |
| 1,298,083 | | |
| 1,516,170 | |
Derivative
liabilities | |
| 1,567,508 | | |
| 1,357,528 | |
Total
Current Liabilities | |
| 11,243,498 | | |
| 15,660,748 | |
| |
| | | |
| | |
Long
Term Liabilities | |
| | | |
| | |
Loans
payable - related parties | |
| 5,986,940 | | |
| 1,100,440 | |
Notes
payable - SBA government | |
| 1,499,424 | | |
| 1,134,682 | |
Operating
lease liability | |
| 447,002 | | |
| 155,167 | |
Total
Long Term Liabilities | |
| 7,933,366 | | |
| 2,390,289 | |
| |
| | | |
| | |
Total
Liabilities | |
| 19,176,864 | | |
| 18,051,037 | |
| |
| | | |
| | |
Commitments
and Contingencies (Note 8) | |
| - | | |
| - | |
| |
| | | |
| | |
Stockholders’
Deficit | |
| | | |
| | |
Series
A, Convertible Preferred stock, $0.001 par value, 100,000,000 shares authorized, 13,000,000 and 13,000,000 shares issued and outstanding,
respectively | |
| 13,000 | | |
| 13,000 | |
Series
C, Convertible Preferred stock, $0.001 par value, 1,000,000 shares authorized, 721,598 and 721,598 shares issued and outstanding,
respectively | |
| 722 | | |
| 722 | |
Preferred stock | |
| | | |
| | |
Common
stock, $0.001 par value, 500,000,000 shares authorized 3,288,428 and 2,542,624 shares issued and outstanding, respectively | |
| 3,289 | | |
| 2,543 | |
Additional
paid-in capital | |
| 17,804,181 | | |
| 10,849,968 | |
Accumulated
deficit | |
| (28,367,097 | ) | |
| (21,592,199 | ) |
Total
Stockholders’ Deficit | |
| (10,545,905 | ) | |
| (10,725,966 | ) |
| |
| | | |
| | |
Total
Liabilities and Stockholders’ Deficit | |
$ | 8,630,959 | | |
$ | 7,325,071 | |
The
accompanying notes are an integral part of these unaudited consolidated financial statements
SurgePays,
Inc. and Subsidiaries
Consolidated
Statements of Operations
(Unaudited)
| |
| | | |
| | | |
| | | |
| | |
| |
For
the Three Months Ended September 30, | | |
For
the Nine Months Ended September 30, | |
| |
2021 | | |
2020 | | |
2021 | | |
2020 | |
| |
| | |
| | |
| | |
| |
Revenues | |
$ | 14,538,353 | | |
$ | 12,802,172 | | |
$ | 36,905,373 | | |
$ | 43,104,767 | |
| |
| | | |
| | | |
| | | |
| | |
Costs
and expenses | |
| | | |
| | | |
| | | |
| | |
Cost
of revenue | |
| 12,634,871 | | |
| 11,216,186 | | |
| 32,544,619 | | |
| 39,422,776 | |
General
and administrative expenses | |
| 2,279,374 | | |
| 3,210,910 | | |
| 8,254,443 | | |
| 12,014,616 | |
Total
costs and expenses | |
| 14,914,245 | | |
| 14,427,096 | | |
| 40,799,062 | | |
| 51,437,392 | |
| |
| | | |
| | | |
| | | |
| | |
Loss
from operations | |
| (375,892 | ) | |
| (1,624,924 | ) | |
| (3,893,689 | ) | |
| (8,332,625 | ) |
| |
| | | |
| | | |
| | | |
| | |
Other
income (expense) | |
| | | |
| | | |
| | | |
| | |
Interest
expense | |
| (1,236,778 | ) | |
| (1,164,409 | ) | |
| (4,637,236 | ) | |
| (2,348,175 | ) |
Derivative
expense | |
| - | | |
| (33,239 | ) | |
| (1,775,057 | ) | |
| (529,294 | ) |
Change
in fair value of derivative liabilities | |
| (202,784 | ) | |
| 212,851 | | |
| 746,896 | | |
| 405,413 | |
Gain
(loss) on investment in Centercom - related party | |
| 21,072 | | |
| 107,649 | | |
| (3,556 | ) | |
| 252,985 | |
Gain
on settlement of liabilities | |
| 136,487 | | |
| - | | |
| 979,469 | | |
| 2,556,979 | |
Gain
on deconsolidation of True Wireless | |
| - | | |
| - | | |
| 1,895,871 | | |
| - | |
Other
income | |
| - | | |
| - | | |
| - | | |
| 10,000 | |
Total
other income (expense) - net | |
| (1,282,003 | ) | |
| (877,148 | ) | |
| (2,793,613 | ) | |
| 347,908 | |
| |
| | | |
| | | |
| | | |
| | |
Net
loss | |
$ | (1,657,895 | ) | |
$ | (2,502,072 | ) | |
$ | (6,687,302 | ) | |
$ | (7,984,717 | ) |
| |
| | | |
| | | |
| | | |
| | |
Loss
per share - basic and diluted | |
$ | (0.51 | ) | |
$ | (1.09 | ) | |
$ | (2.21 | ) | |
$ | (3.69 | ) |
| |
| | | |
| | | |
| | | |
| | |
Weighted
average number of shares - basic and diluted | |
| 3,264,274 | | |
| 2,293,669 | | |
| 3,024,487 | | |
| 2,164,930 | |
The
accompanying notes are an integral part of these unaudited consolidated financial statements
SurgePays,
Inc. and Subsidiaries
Consolidated
Statements of Changes in Stockholders’ Deficit
For
the Nine Months Ended September 30, 2021 and the Year Ended December 31, 2020
(Unaudited)
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
| |
Series
A
Preferred Stock | | |
Series
C
Preferred Stock | | |
Common
Stock | | |
Additional Paid-in | |
|
Accumulated | | |
Total
Stockholders’ | |
| |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Capital | |
|
Deficit | | |
Deficit | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
|
| | |
| |
December
31, 2020 | |
| 13,000,000 | | |
$ | 13,000 | | |
| 721,598 | | |
$ | 722 | | |
| 2,542,624 | | |
$ | 2,543 | | |
$ | 10,849,968 | |
|
$ | (21,592,199 | ) | |
| (10,725,966 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
True
up adjustment related to initial acquisition of True Wireless | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
|
| - | | |
| - | |
Stock
issued for services rendered and recognition of share based compensation ($7.35
- $14.05/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 1,260 | | |
| 1 | | |
| 12,410 | |
|
| - | | |
| 12,411 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Recognition
of stock option expense | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 49,160 | |
|
| - | | |
| 49,160 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued for cash ($5
- $8/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 260,000 | | |
| 260 | | |
| 1,509,740 | |
|
| - | | |
| 1,510,000 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
and warrants issued with debt recorded as a debt discount ($5.35/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 18,000 | | |
| 18 | | |
| 2,038,617 | |
|
| | | |
| 2,038,635 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Conversion
of debt ($3.40
- $14/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 132,291 | | |
| 132 | | |
| 858,026 | |
|
| - | | |
| 858,158 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued under make-whole arrangement ($5.60
- $6share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 15,147 | | |
| 15 | | |
| 90,386 | |
|
| - | | |
| 90,401 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued in connection with debt modification ($5.60
- $8/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 13,916 | | |
| 14 | | |
| 108,917 | |
|
| - | | |
| 108,931 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued in settlement of liabilities ($4.50
- $13.50/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 71,737 | | |
| 72 | | |
| 464,641 | |
|
| - | | |
| 464,713 | |
Exercise
of warrants ($0.001/share) | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Exercise of warrants ($0.001/share), shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Warrants
issued with debt recorded as a debt discount | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
and warrants issued for cash | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock and warrants issued for cash, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Make
whole stock issued pursuant to SPA | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock and warrants issued with debt recorded as a debt discount | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock and warrants issued with debt recorded as a debt
discount, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock repurchased for cash | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock repurchased for cash, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock and options issued for services | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock and options issued for services, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Make whole stock issued pursuant to SPA, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock issued for modification of debt | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock issued for modification of debt, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued for acquisition of membership interest in ECS ($8.95/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 2,000 | | |
| 2 | | |
| 17,898 | |
|
| - | | |
| 17,900 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Net
loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
|
| (4,815,431 | ) | |
| (4,815,431 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
March
31, 2021 | |
| 13,000,000 | | |
| 13,000 | | |
| 721,598 | | |
| 722 | | |
| 3,056,975 | | |
| 3,057 | | |
| 15,999,763 | |
|
| (26,407,630 | ) | |
| (10,391,088 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued for services rendered and recognition of share based compensation ($5.95
- $11/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 1,260 | | |
| 1 | | |
| 10,268 | |
|
| - | | |
| 10,269 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Recognition
of stock option expense and related true up adjustment | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (26,741 | ) |
|
| - | | |
| (26,741 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued in settlement of liabilities ($6.40
- $10/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 171,863 | | |
| 172 | | |
| 1,290,265 | |
|
| - | | |
| 1,290,437 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Net
loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
|
| (213,976 | ) | |
| (213,976 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
June
30, 2021 | |
| 13,000,000 | | |
| 13,000 | | |
| 721,598 | | |
| 722 | | |
| 3,230,098 | | |
| 3,230 | | |
| 17,273,555 | |
|
| (26,621,606 | ) | |
| (9,331,099 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
True
up adjustment related to initial acquisition of True Wireless | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 87,596 | |
|
| (87,596 | ) | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued for services rendered and recognition of share based compensation ($5
- $8.05/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 7,471 | | |
| 7 | | |
| 56,818 | |
|
| - | | |
| 56,825 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Recognition
of stock option expense and related true up adjustment | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (93,483 | ) |
|
| - | | |
| (93,483 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Stock
issued in settlement of liabilities ($5.80
- $6.30/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 33,100 | | |
| 33 | | |
| 124,602 | |
|
| - | | |
| 124,635 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Exercise
of warrants ($0.001/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 2,133 | | |
| 2 | | |
| (2 | ) |
|
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Conversion
of debt ($5.75/share) | |
| - | | |
| - | | |
| - | | |
| - | | |
| 15,625 | | |
| 16 | | |
| 89,828 | |
|
| - | | |
| 89,844 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Warrants
issued with debt recorded as a debt discount | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 265,268 | |
|
| - | | |
| 265,268 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
Net
loss | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
|
| (1,657,895 | ) | |
| (1,657,895 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| | | |
| | |
September
30, 2021 | |
| 13,000,000 | | |
$ | 13,000 | | |
| 721,598 | | |
$ | 722 | | |
| 3,288,428 | | |
$ | 3,288 | | |
$ | 17,804,182 | |
|
$ | (28,367,097 | ) | |
| (10,545,905 | ) |
The
accompanying notes are an integral part of these unaudited consolidated financial statements
SurgePays,
Inc. and Subsidiaries
Consolidated
Statements of Changes in Stockholders’ Deficit
For
the Nine Months Ended September 30, 2020 and the Year Ended December 31, 2019
(Unaudited)
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Series
A
Preferred Stock | | |
Series
C
Preferred Stock | | |
Common
Stock | | |
Additional
Paid-in | | |
Accumulated | | |
Total
Stockholders’ | |
| |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Capital | | |
Deficit | | |
Deficit | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
December
31, 2019 | |
| 13,000,000 | | |
$ | 13,000 | | |
| 721,598 | | |
$ | 722 | | |
| 2,043,872 | | |
$ | 2,044 | | |
$ | 6,155,191 | | |
$ | (10,870,572 | ) | |
| (4,699,615 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recognition
of share based compensation | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 16,901 | | |
| - | | |
| 16,901 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock
and warrants issued for cash | |
| - | | |
| - | | |
| - | | |
| - | | |
| 8,569 | | |
| 9 | | |
| 149,991 | | |
| - | | |
| 150,000 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock
issued with debt recorded as a debt discount | |
| - | | |
| - | | |
| - | | |
| - | | |
| 35,000 | | |
| 35 | | |
| 534,765 | | |
| | | |
| 534,800 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock
issued for acquisition | |
| - | | |
| - | | |
| - | | |
| - | | |
| 11,000 | | |
| 11 | | |
| 177,765 | | |
| - | | |
| 177,776 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
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Net
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