Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Revenue $ 25,742,941 $ 15,244,155
Cost of revenue 20,305,453 8,570,240
Gross profit 5,437,488 6,673,915
Cost and expenses    
Depreciation and amortization 227,322 149,642
Selling, general and administrative 12,978,194 8,059,742
Total costs and expenses 13,205,516 8,209,384
Operating loss (7,768,028) (1,535,469)
Other expense (income):    
Interest expense, net (227,016) (140,457)
Change in fair value of derivative liability 4,013 (4,105)
Change in fair value of LTC cryptocurrency (95,387)
Gain on sale of assets 273,453
Gain on investment in Centercom 25,192
(Gain)/loss on settlement of liabilities (481,187) 43,117
Total other expense (income) (678,998) 76,621
Net loss before provision for income taxes (8,447,026) (1,458,848)
Provision for income taxes 82,230
Net loss $ (8,447,026) $ (1,541,078)
Net loss per common share, basic and diluted $ (0.09) $ (0.02)
Weighted average common shares outstanding - basic and diluted 96,186,742 81,566,892