XML 13 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales:        
Sales $ 4,029,102 $ 5,210,956 $ 8,291,842 $ 9,757,961
Related party sales 45,000 45,000 90,000 90,000
Total sales 4,074,102 5,255,956 8,381,842 9,847,961
Cost of goods sold 3,855,309 5,021,450 7,900,122 9,348,866
Gross profit 218,793 234,506 481,720 499,095
Operating expenses:        
General and administrative expenses 705,329 1,468,777 1,336,463 4,758,196
Marketing expenses 5,756 188,434 24,055 717,824
Acquisition costs 150,000
Impairment of assets 5,500,000
Total operating expenses 711,085 1,657,211 6,860,518 5,626,020
Loss from operations (492,292) (1,422,705) (6,378,798) (5,126,925)
Other income (expense):        
Amortization of debt discount (1,590,751) (1,049,642) (2,717,518) (2,580,121)
Change in fair value of derivative liability 409,561 (98,645,323) (1,040,371) (101,890,733)
Interest expense and financing costs (340,262) (1,192,060) (1,701,564) (5,924,235)
Unrealized gain (loss) on marketable equity security 97,381 (10,882,912) (85,952) (5,682,912)
Realized gain (loss) on disposal of marketable equity security (250,000) 3,582,912 (250,000) 3,582,912
Loss on exchange of assets (1,430,000) (1,430,000)
Equity income (loss) in investment (36,559) (36,559)
Interest income 93,750 187,500
Total other income (expense) (3,104,071) (108,129,834) (7,225,405) (112,344,148)
Loss before income taxes (3,596,363) (109,552,539) (13,604,203) (117,471,073)
Income tax expense
Loss from continuing operations (3,596,363) (109,552,539) (13,604,203) (117,471,073)
Discontinued operations:        
Loss from operations of discontinued operations (92,836) (280,162)
Loss from discontinued operations, net (92,836) (280,162)
Net loss $ (3,596,363) $ (109,645,375) $ (13,604,203) $ (117,751,235)
Weighted average common shares outstanding:        
Basic and diluted 173,676,115 2,122,107 108,935,194 2,076,625
Net loss per share (basic and diluted):        
Continuing operations $ (0.02) $ (51.62) $ (0.12) $ (56.57)
Discontinued operations (0.04) (0.13)
Net loss per share basic and diluted $ (0.02) $ (51.67) $ (0.12) $ (56.70)