Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 30,011 $ 42,848
Restricted Cash 5,401,000 0
Accounts receivable, net 32,181 0
Prepaid and other assets 200,000 0
Current assets - discontinued operations 0 602,386
Total current assets 5,663,192 645,234
Intangible assets, net 0 271,870
Long-term assets - discontinued operations 0 8,838,224
TOTAL ASSETS 5,663,192 9,755,328
Current liabilities:    
Accounts payable and accrued liabilities 1,064,728 843,554
Preferred stock deposit 5,501,000 0
Notes payable - related party 300,000 0
Notes payable 200,000 300,000
Convertible notes payable, net of $106,700 discount 928,300 0
Derivative liability 13,800 0
Warrants liability 88,000 0
Current liabilities - discontinued operations 475,054 453,352
Total current liabilities 8,570,882 1,596,906
Long-term deferred tax liabilities - discontinued operations 0 23,943
TOTAL LIABILITIES 8,570,882 1,620,849
Stockholders' (Deficit) Equity:    
Preferred stock, $10 face value; 940,000 shares authorized; No shares issued and outstanding 0 0
Common stock, $.001 par value; 45,000,000 shares authorized; 17,494,852 [920,782] and 12,662,974 [666,472] shares issued and outstanding, respectively [Bracketed amounts represent shares reflective of a one-for-nineteen reverse stock split on February 1, 2019] 921 666
Additional paid-in capital 28,408,048 24,658,226
Accumulated deficit (31,316,659) (16,524,413)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY (2,907,690) 8,134,479
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 5,663,192 $ 9,755,328