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
Total revenue $ 993,511 $ 944,801 $ 1,954,237 $ 1,624,906
Total cost of sales 440,254 437,322 871,873 707,618
GROSS MARGIN 553,257 507,479 1,082,364 917,288
OPERATING EXPENSES        
Depreciation expense 318 3,616 637 0
Selling, general and administrative 679,772 904,002 1,442,793 1,526,655
Total operating expenses 680,090 907,618 1,443,430 1,526,655
LOSS FROM OPERATIONS (126,833) (400,139) (361,066) (609,367)
OTHER INCOME (EXPENSE)        
Other income (4,997) 100,139 (5,000) 100,139
Change in value of derivative liability (28,750) (372,156) (3,992,316) (4,295,382)
Interest expense (132,794) (71,033) (189,572) (169,824)
Conversion cost penalty and reimbursement 0 (3,000) (4,000) (546,016)
Amortization of debt discounts (209,745) (437,991) (455,930) (522,360)
Total other income (expenses) (376,286) (784,041) (4,646,818) (5,433,443)
NET LOSS BEFORE DISCONTINUED OPERATIONS (503,119) (1,184,180) (5,007,884) (6,042,810)
LOSS FROM DISCONTINUED OPERATIONS (103,390) (86,620) (78,956) (99,837)
GAIN FROM DISPOSAL OF DISCONTINUED OPERATIONS 216,013 0   0
NET INCOME (LOSS) FOR THE PERIOD $ (390,496) $ (1,270,800) $ (4,870,827) $ (6,142,647)
LOSS PER COMMON SHARE FROM CONTINUED OPERATIONS - BASIC AND DILUTED $ (3.19) $ (335.06) $ (38.43) $ (389.53)
EARNINGS PER COMMON SHARE FROM DISCONTINUED OPERATIONS - BASIC AND DILUTED $ 0.71 $ 0 $ 1.05 $ (6.44)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC AND DILUTED 157,856 3,793 130,309 15,513
Rental Business [Member]        
Total revenue $ 40,615 $ 43,500 $ 78,827 $ 96,378
Total cost of sales 44,663 54,456 81,484 121,619
Financial Services [Member]        
Total revenue 952,896 901,301 1,875,410 1,528,528
Total cost of sales $ 395,591 $ 382,866 $ 790,389 $ 585,999

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