Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue $ 10,988,948 $ 15,787,799
Cost of revenue (exclusive of depreciation and amortization shown below) 9,857,309 15,058,914
Gross profit 1,131,639 728,885
Cost and expenses    
Depreciation and amortization 217,958 265,464
Selling, general and administrative 3,021,851 3,228,660
Total costs and expenses 3,239,809 3,494,124
Operating loss (2,108,170) (2,765,239)
Other income (expense):    
Interest expense (1,303,859) (482,722)
Derivative expense (1,775,057) (348,334)
Change in fair value of derivative liability 303,850 (31,816)
Gain on investment in Centercom (73,773) 32,369
Gain on settlement of liabilities 141,578 538,436
Total other income (expense) (2,707,261) (292,067)
Net loss before provision for income taxes (4,815,431) (3,057,306)
Provision for income taxes
Net loss $ (4,815,431) $ (3,057,306)
Net loss per common share, basic and diluted $ (0.04) $ (0.03)
Weighted average common shares outstanding - basic and diluted 130,222,802 103,821,561