Consolidated Statements of Operations - USD ($)
|
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
| Revenue: |
|
|
| Monitoring revenues |
$ 926,454
|
$ 212,128
|
| Distributorship revenues |
308,979
|
91,637
|
| Total revenues |
1,235,433
|
303,765
|
| Cost of sales: |
|
|
| Monitoring cost of revenue |
153,059
|
38,276
|
| Distributorship cost of revenue |
7,738
|
2,892
|
| Cost of sales |
160,797
|
41,168
|
| Gross profit |
1,074,636
|
262,597
|
| Operating expenses: |
|
|
| Payroll |
473,620
|
147,231
|
| Professional fees |
146,406
|
92,705
|
| General and administrative |
841,961
|
458,351
|
| Depreciation |
338,044
|
65,449
|
| Impairment of fixed assets |
801,983
|
|
| Total operating expenses |
2,602,014
|
763,736
|
| Loss from operations |
(1,527,378)
|
(501,139)
|
| Other income (expense) |
|
|
| Interest expense, net |
(943,415)
|
(214,708)
|
| Change in fair value of derivative liability |
68,078
|
(22,231)
|
| Gain (loss) on extinguishment of debt |
(305,000)
|
(116,541)
|
| Total other income (expense) |
(1,180,337)
|
(353,480)
|
| Loss before provision for income taxes |
(2,707,715)
|
(854,619)
|
| Provision for income taxes |
1,600
|
1,600
|
| Net loss |
$ (2,709,315)
|
$ (856,219)
|
| Loss per share: |
|
|
| Basic and diluted |
$ (0.12)
|
$ (0.05)
|
| Weighted-average shares of common stock outstanding: |
|
|
| Basic and diluted |
22,856,861
|
16,478,128
|