v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues $ 2,742,442 $ 1,536,990 $ 6,498,404 $ 6,880,794
Cost of Sales (550,139) (503,755) (1,539,104) (1,979,128)
Gross Profit 2,192,303 1,033,235 4,959,300 4,901,666
Operating Expenses        
Salaries and related costs 1,913,845 894,773 7,078,531 3,072,807
Other general and administrative 2,025,980 809,119 5,309,791 2,482,789
Advertising 1,467,691 278,942 4,188,087 1,435,784
Depreciation & amortization 211,885 35,371 631,722 84,259
Total Operating Expenses 5,619,401 2,018,205 17,208,131 7,075,639
Operating Loss (3,427,098) (984,970) (12,248,831) (2,173,973)
Other Income (Expense)        
Other income 2,153
Foreign currency transaction gain 6,837
Change in fair value of derivative liability - warrants 883,527 883,527
Interest expense (80,092) (50,281) (259,436) (121,200)
Total Other Income (Expenses) 803,435 (50,281) 633,081 (121,200)
Net Loss (2,623,663) (1,035,251) (11,615,750) (2,295,173)
Dividend on outstanding Series B Preferred Stock 21,000 66,639
Deemed dividend on adjustment to exercise price on convertible debt and certain warrants 404,384
Deemed dividend on beneficial conversion features 32,592
Net loss attributable to common stockholders $ (2,644,663) $ (1,035,251) $ (12,119,365) $ (2,295,173)
Loss per share - Basic and Diluted $ (0.03) $ (0.03) $ (0.13) $ (0.07)
Weighted average outstanding shares used to compute basic and diluted net loss per share 98,991,805 33,661,388 96,150,811 33,661,388

Source