Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net Revenue
Cost of Goods Sold
Gross profit
General and administrative 297,764 197,234 952,663 353,992
Depreciation and amortization 4,167 4,167
Total Expense 301,931 197,234 956,830 353,992
Loss from Operations (301,931) (197,234) (956,830) (353,992)
Investment impairment charge (509,979) (1,019,960)
Loss on debt conversion (79,467) (188,854) (150,274) (554,558)
Loss on settlement of liabilities (50,082)
Interest expense (29,750) (108,255) (84,088) (198,346)
Amortization of debt discount (213,101) (471,391) (373,178) (1,012,537)
Derivative liability movements 176,490 319,888 278,611 862,413
Other (expense) income (20,000) 3,499 (20,000) 3,499
Foreign currency loss (18)
Loss before Income Taxes from continuing operations (977,738) (642,365) (2,375,801) (1,253,521)
Income Taxes
Net Loss from continuing operations (977,738) (642,365) (2,375,801) (1,253,521)
Loss from discontinued operations, net of income taxes (236,076) (491,763)
Net Loss $ (977,738) $ (878,441) $ (2,375,801) $ (1,745,284)
Basic and diluted loss per share        
Continuing operations [1] $ (0.01) $ (0.06) $ (0.02) $ (0.11)
Discontinued operations [1] (0.02) (0.04)
Basic and diluted loss per share total [1] $ (0.01) $ (0.08) $ (0.02) $ (0.15)
Weighted Average Number of Shares Outstanding -        
Basic and diluted [1] 158,738,117 11,338,354 155,830,492 11,337,255
Other Comprehensive gain        
Foreign currency translation adjustment $ 7,705 $ 17,724
Total Comprehensive income (loss) $ (977,738) $ (870,736) $ (2,375,801) $ (1,727,560)
[1] After giving effect to a 10 for 1 reverse stock split effective November 1, 2019.