Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenue $ 5,213,118 $ 5,548,119
Operating expenses:    
Cost of revenues 3,515,279 4,382,083
General and administrative 7,742,850 13,063,527
Total operating expenses 11,258,129 17,445,610
Loss from operations (6,045,011) (11,897,491)
Other income (expenses):    
Interest expense (23,720)
Interest income   37,773
Gain on fair value of convertible notes receivable   372,282
Gain on fair value of warrant asset   55,000
Loss on settlement of accounts payable (1,357,339)  
Other expense (7,990)
Gain on exchange of debt for common stock – related party   151,646
Total other income (expense) (1,357,339) 584,991
Net loss before income taxes (7,402,350) (11,312,500)
Provision for (benefit from) income taxes
Net loss $ (7,402,350) $ (11,312,500)
Net loss per share, basic and diluted (in Dollars per share) $ (0.88) $ (1.81)
Weighted average common shares outstanding, basic and diluted (in Shares) 9,057,127 6,263,846