XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenue $ 0 $ 0
Operating Expenses:    
General & administrative 2,135,075 477,887
Acquisition expenses 1,885,303 5,926,727
Amortization and depreciation 128,505 129,035
Stock based compensation 820,379 736,186
Travel and entertainment 14,277 109,174
Rent 35,813 30,148
Rent related parties 0 24,299
Professional fees 932,536 518,970
Consulting fees 0 261,352
Impairment of goodwill and long lived assets 7,962,694 0
Investment write-down 0 7,070,841
Consulting fees and payroll-related parties 571,590 693,324
Total operating expenses 14,486,172 15,977,943
Income (loss) from operations (14,486,172) (15,977,943)
Other income (expense)    
Interest (expense) (2,293,858) (4,473,137)
Gain or loss on conversion of convertible notes 566,408 0
Change in the fair value of derivative liability (3,676,649) 0
Other income (expense) net (5,404,100) (4,473,137)
Income (loss) before provision for income taxes (19,890,272) (20,451,080)
Provision (credit) for income tax 0 0
Net income (loss) $ (19,890,272) $ (20,451,080)
Basic and diluted earnings (loss) per common share $ (0.49) $ (0.66)
Weighted average number of shares outstanding 40,699,951 31,174,936
Comprehensive loss:    
Net income (loss) $ (19,890,272) $ (20,451,080)
Foreign currency translation adjustment (483,410) 137,696
Comprehensive income (loss) $ (20,373,681) $ (20,313,386)