Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| Operating expenses: | ||||
| General and administrative expenses | $ 393,468 | $ 321,067 | $ 686,589 | $ 770,291 |
| Total operating expenses | 393,468 | 321,067 | 686,589 | 770,291 |
| Loss from continuing operations | (393,468) | (321,067) | (686,589) | (770,291) |
| Other income (expense): | ||||
| Interest expense | (156,309) | (116,981) | (305,282) | (287,012) |
| Other income | 0 | 0 | 26,980 | 0 |
| Loss on settlement of liabilities | (34,800) | (3,151,314) | (2,110,047) | (3,151,314) |
| Change in fair value of derivative liability | 0 | 9,735 | 0 | 12,457 |
| Total other income (expense) | (191,109) | (3,258,560) | (2,388,349) | (3,425,869) |
| Net loss from continuing operations | (584,577) | (3,579,627) | (3,074,938) | (4,196,160) |
| Net loss from discontinued operations, net of tax | (906) | (168,316) | (31,599) | (403,892) |
| Net loss | (585,483) | (3,747,943) | (3,106,537) | (4,600,052) |
| Series A preferred stock dividend | (47,935) | 0 | (167,411) | 0 |
| Net loss attributable to common shareholders | (633,418) | (3,747,943) | (3,273,948) | (4,600,052) |
| Other comprehensive income: | ||||
| Foreign currency translation | 0 | (30,508) | 68,636 | (10,420) |
| Total other comprehensive income | 0 | (30,508) | 68,636 | (10,420) |
| Net comprehensive loss | $ (633,418) | $ (3,778,451) | $ (3,205,312) | $ (4,610,472) |
| Basic and diluted net loss per common share: | ||||
| Continuing operations | $ (0.10) | $ (1.00) | $ (0.68) | $ (1.19) |
| Discontinued operations | 0.00 | (0.05) | (0.01) | (0.11) |
| Net loss attributable to common shareholders | $ (0.10) | $ (1.05) | $ (0.69) | $ (1.30) |
| Basic and diluted weighted-average: | ||||
| common shares outstanding | 6,299,381 | 3,578,620 | 4,751,512 | 3,519,308 |