XML 11 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue $ 818,286 $ 24,343 $ 1,124,242 $ 48,694
Cost of sales:        
Total cost of sales 574,324 752,285
Gross profit 243,962 24,343 371,957 48,694
Operating expenses:        
Acquisition of subsidiary (Note 3) (4,835) 190,228
Depreciation and amortization (Note 5) 4,811 1,404 6,559 2,493
Directors fees 3,500 1,500 4,500 3,000
General and administrative 174,977 66,282 280,905 149,990
Promissory note accretion and interest (Note 7) 18,294 37,090
Salaries, wages, consultants and benefits 144,284 168,211 432,947 329,633
Selling and marketing 95,639 115,508 181,991 272,692
Stock-based compensation (Note 9) 4,950 584,783 9,930 588,476
Content and software development (Note 6) 285,304 265,445 539,761 536,064
Total operating expenses 708,630 1,221,427 1,646,821 1,919,438
Loss before other income (expense) and income taxes (464,668) (1,197,084) (1,274,864) (1,870,744)
Other income (expense):        
Foreign exchange gain (loss) 65,608 (10,496) 49,446 (1,093)
Interest and other income 764 2,420 818 2,424
Gain on derivative liability - warrants (Note 7) 215,687 44,572
Loss before income taxes (398,296) (989,473) (1,224,600) (1,824,841)
Income tax expense
Loss after tax (398,296) (989,473) (1,224,600) (1,824,841)
Other comprehensive income (loss)
Comprehensive loss $ (398,296) $ (989,473) $ (1,224,600) $ (1,824,841)
Basic and diluted loss per common share (in dollars per share) $ 0 $ (0.02) $ (0.01) $ (0.03)
Weighted average common shares outstanding, basic (in shares) 131,124,989 72,764,813 111,128,481 70,522,300
Weighted average common shares outstanding, diluted (in shares) 131,124,989 72,764,813 111,128,481 70,522,300
Advertising [Member]        
Revenue:        
Total revenue $ 579,052 $ 809,914
Content [Member]        
Revenue:        
Total revenue $ 239,234 $ 24,343 $ 314,328 $ 48,694