Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
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