v3.19.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenues $ 2,431,721 $ 2,441,007 $ 3,755,961 $ 5,343,804
Cost of Sales (492,145) (644,236) (988,964) (1,475,373)
Gross Profit 1,939,576 1,796,771 2,766,997 3,868,431
Operating Expenses        
Salaries and related costs 3,480,354 888,643 5,164,686 2,178,034
Other general and administrative 1,885,133 784,905 3,283,810 1,673,670
Advertising 1,584,850 419,337 2,720,396 1,156,842
Depreciation & amortization 208,619 24,391 419,837 48,888
Total Operating Expenses 7,158,956 2,117,276 11,588,729 5,057,434
Operating Loss (5,219,380) (320,505) (8,821,732) (1,189,003)
Other Income (Expense)        
Other income 2,152
Foreign currency transaction gain 9,194 6,837
Interest expense (87,085) (42,217) (179,344) (70,919)
Total Other Expenses (77,891) (42,217) (170,355) (70,919)
Net Loss (5,297,271) (362,722) (8,992,087) (1,259,922)
Dividend on outstanding Series B Preferred Stock 21,000 45,639
Deemed dividend on adjustment to exercise price on certain warrant 404,384
Deemed dividend on beneficial conversion features 32,592
Net loss attributable to common stockholders $ (5,318,271) $ (362,722) $ (9,474,702) $ (1,259,922)
Loss per share – Basic and Diluted $ (0.06) $ (0.01) $ (0.11) $ (0.04)
Weighted average outstanding shares used to compute basic and diluted net loss per share 96,407,668 33,661,388 87,236,222 33,661,388

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