v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Services $ 281,782 $ 1,070,000
Total revenue 281,782 1,070,000
Cost and expenses:        
Cost of revenue (90,349) 766,141
Bad debt expense 365,106 1,082,336
Depreciation and amortization 94,968 15,503 527,448 35,247
Impairment expense 221,146 221,146
Selling, general and administrative 3,014,861 1,941,218 6,624,004 3,875,521
Total cost and expenses 3,384,586 2,177,867 8,999,929 4,131,914
Other income (expenses):        
Miscellaneous income 13,833 (1,267) 13,833 (1,267)
Unrealized gain (loss) on change in fair value of derivative and other fair value liabilities 1,780,462 4,088,643 (816,997)
Unrealized gain from change in fair value of contingent consideration 1,395,567 1,422,857
Gain on extinguishment of debt 1,141,154 1,141,154 2,911,360
Unrealized (loss) on investment (106,326) (106,326)
Interest income 3,353 1,892 3,353
Interest expense (114,239) (187,096) (415,967) (379,609)
Total other income (expenses) 4,110,451 (185,010) 6,146,086 1,716,840
Income (loss) before income taxes 1,007,647 (2,362,877) (1,783,843) (2,415,074)
Provision for income taxes (158,113) (158,113)
Income (loss) from continuing operations 849,534 (2,362,877) (1,941,956) (2,415,074)
Discontinued Operations        
Income (loss) from operations of discontinued operations 194,794 (5,169,603) (341,171) (8,140,097)
Gain (loss) on disposal of assets 11,547,640 11,547,640
Income tax benefit    
Income (loss) on discontinued operations 11,742,434 (5,169,603) 11,206,469 (8,140,097)
Consolidated Net Income (Loss) 12,591,968 (7,532,480) 9,264,513 (10,555,170)
Net (income) loss attributable to noncontrolling interest (309,890) 42,588 (451,762) 74,748
Net income (loss) available to common shareholders 12,901,858 (7,575,068) 9,716,275 (10,629,918)
Deemed dividend related to beneficial conversion feature and accretion of a discount on Series C Preferred Stock (2,115,317)
Stock dividend related to Series C Preferred Stock (9,648)
Deemed dividend related to Series A and B warrants down round provision (234,912)
Deemed dividend related to Series D and E warrants down round provision (2,288,138) (4,915,011)
Deemed dividend related to extinguishment of Series D Preferred Stock (212,230)
Deemed dividend related to conversion of Series E Preferred Stock (386,978)
Deemed dividend related to issuance of Series F Preferred Stock (4,214,073)
Net income (loss) attributable to common stockholders $ 10,613,720 $ (7,575,068) $ (256,577) $ (12,745,235)
Earnings per common share (basic and diluted):        
Gain (loss) from continuing operations $ 0.02 $ (0.29) $ (0.10) $ (0.63)
Gain (loss) from discontinued operations 0.22 (0.64) 0.61 (1.13)
Net gain (loss) per common share 0.24 (0.94) 0.50 (1.76)
Earnings per common share (basic and diluted)
Weighted average number of shares outstanding (Basic and Diluted) 18,494,721 8,042,278 17,949,040 7,152,129

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