Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 14,514,796 $ 3,454,420 $ 30,302,595 $ 7,393,194
Cost of revenue 13,400,011 2,311,755 28,206,590 4,791,322
Gross profit 1,114,785 1,142,665 2,096,005 2,601,872
Cost and expenses        
Depreciation and amortization 304,347 10,586 569,811 21,124
Selling, general and administrative 4,752,900 3,663,783 8,233,895 6,224,564
Total costs and expenses 5,057,247 3,674,369 8,803,706 6,245,688
Operating profit (loss) (3,942,462) (2,531,704) (6,707,701) (3,643,816)
Other income (expense):        
Interest expense, net (701,044) (26,441) (1,183,766) (72,390)
Derivative expense (147,721) (496,055)
Change in fair value of derivative liability 224,378 192,562
Gain on investment in Centercom 112,967 42,809 145,336 64,775
Gain (loss) on settlement of liabilities 2,108,543 41,313 2,556,979 (466,187)
Other income 10,000 10,000
Total other income (expense) 1,517,123 57,681 1,225,056 (473,802)
Net loss before provision for income taxes (2,425,339) (2,474,023) (5,482,645) (4,117,618)
Provision for income taxes
Net loss $ (2,425,339) $ (2,474,023) $ (5,482,645) $ (4,117,618)
Net loss per common share, basic and diluted $ (0.02) $ (0.03) $ (0.05) $ (0.04)
Weighted average common shares outstanding - basic and diluted 106,063,237 93,511,061 104,974,691 92,066,948