Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.10.0.1
Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Operating Segments

Segment information for the three and nine months ended September 30, 2018 and 2017 and as of September 30, 2018 and December 31, 2017, are as follows:

 

    Surge     TW     Total  
Three Months ended September 30, 2018                        
Revenue   $ 819,149     $ 3,231,878     $ 4,051,027  
Cost of revenue     648,590       1,591,857 )     2,240,447  
Gross margin     170,558       1,640,022       1,810,580  
Costs and expenses     867,997       1,342,398 )     2,210,395  
Operating income (loss)     (697,438 )     297,623       (399,815 )
                         
Three Months ended September 30, 2017                        
Revenue   $ -     $ 3,356,470     $ 3,356,470  
Cost of revenue     -       1,965,305       1,965,305  
Gross margin     -       1,391,165       1,391,165  
Costs and expenses     -       1,342,892       1,342,892  
Operating income     -       48,273       48,273  
                         
Nine Months Ended September 30, 2018                        
Revenue   $ 1,554,363     $ 9,982,227     $ 11,536,590  
Cost of revenue     1,263,599       4,897,118       (6,160,717  
Gross margin     290,764       5,085,109       5,375,873  
Costs and expenses     1,638,265       3,921,094       5,559,359  
Operating income (loss)     (1,347,501 )     1,164,015       (183,486 )
                         
Nine Months Ended September 30, 2017                        
Revenue   $ -     $ 9,823,078     $ 9,823,078  
Cost of revenue     -       (6,103,535 )     (6,103,535 )
Gross margin     -       3,719,543       3,719,543  
Costs and expenses     -       (3,834,911 )     (3,834,911 )
Operating loss     -       (115,368 )     (115,368 )
                         
September 30, 2018                        
Total assets   $ 1,549,097     $ 3,771,022     $ 5,320,119  
Total liabilities     6,092,498       3,285,941       9,378,439  
                         
December 31, 2017                        
Total assets   $ -     $ 1,176,094     $ 1,176,094  
Total liabilities     -       3,076,838       3,076,838