Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Operations (Audited)

v3.20.1
Condensed Consolidated Statements Of Operations (Audited) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUES:    
Sales $ 673,919 $ 240,452
Related party Sales 21,157 11,683
Total Revenues 695,076 252,135
Cost of sales 248,556 81,250
Gross Profit 446,520 170,885
OPERATING EXPENSES:    
Selling, general and administrative expenses 6,910,039 3,980,493
Depreciation 7,299 5,341
Total operating expenses 6,917,338 3,985,834
Net loss from operations (6,470,818) (3,814,949)
OTHER INCOME (EXPENSES):    
Interest expense, net 4,682,247 6,828,939
Legal contingency expense 1,497,674 1,682,870
Impairment of Joint Ventures 478,400 933,195
Loss on equity investment (13,842) (90,859)
Loss on debt modification (1,343,161)
Loss on disposition of investment (389,664)
(Loss) Gain on change in fair value of derivative liabilities (2,123,570) 1,443,249
Gain on cancellation of debt 1,500,000
Unrealized (Loss) Gain on trading securities (677,584) 560,000
Loss on sales of trading securities 75,545
(Loss) Gain on settlement of debt (3,770,974) 94,933
Total other income (expense) (13,709,500) (7,280,842)
Net loss before income taxes (20,180,318) (11,095,791)
Income taxes (benefit)
NET INCOME (LOSS) $ (20,180,318) $ (11,095,791)
Loss per common share, basic and diluted $ (0.41) $ (0.29)
Weighted average number of common shares outstanding, basic and diluted (after stock-split) 48,669,683 37,924,703