Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.19.3
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
REVENUES:    
Sales $ 240,452 $ 26,830
Related party Sales 11,683 0
Total Revenues 252,135 26,830
Cost of sales 81,250 14,294
Gross Profit 170,885 12,536
OPERATING EXPENSES:    
Selling, general and administrative expenses 3,980,493 21,272,758
Depreciation 5,341 2,576
Total operating expenses 3,985,834 21,275,334
Net loss from operations (3,814,949) (21,262,798)
OTHER INCOME (EXPENSES):    
Interest expense, net 6,828,939 5,842,802
Legal Settlement Expense 1,682,870
Impairment of Joint Ventures 933,195 2,292,500
Loss on equity investments (90,859) (61,298)
(Loss) gain on change in fair value of derivative liabilities 1,443,249 (4,329,743)
(Loss) on debt modification (1,343,161)
Cancellation of debt 1,500,000
Unrealized gain on trading securities 560,000
Gain on settlement of debt 94,933 347,221
Total other income (expense) (7,280,842) (12,179,122)
Net loss before income taxes (11,095,791) (33,441,920)
Income taxes (benefit)
NET INCOME (LOSS) $ (11,095,791) $ (33,441,920)
Loss per common share, basic and diluted $ (0.005) $ (0.017)
Weighted average number of common shares outstanding, basic and diluted 2,275,482,194 1,929,424,081