Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
REVENUES $ 74,759 $ 40,000
COST OF REVENUES 63,297 7,172
Gross profit 11,462 32,828
EXPENSES    
Payroll 265,473 583,949
Professional fees 876,372 988,848
Research and development 352,583
Selling, general and administrative 194,735 154,758
Total Expenses 1,336,580 2,080,138
LOSS FROM OPERATIONS (1,325,118) (2,047,310)
OTHER INCOME (EXPENSES)    
Financing costs, including interest (345,428) (226,728)
Gain (loss) on extinguishment of liabilities 456,720 (31,696)
Acquisition transaction costs (250,000)
Change in fair value of convertible bridge notes (1,254,379)
Change in fair value of derivative liabilities 808,011
Total Other Income (Expenses) (1,393,087) 549,587
LOSS BEFORE INCOME TAXES (2,718,205) (1,497,723)
INCOME TAXES
NET LOSS (2,718,205) (1,497,723)
PREFERRED STOCK    
Series A convertible contractual dividends (31,890) (35,918)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,750,095) $ (1,533,641)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS - BASIC AND DILUTED $ (0.06) $ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 46,662,469 28,437,204