Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Loss)

v3.10.0.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenue $ 7,823,286 $ 5,121,019 $ 25,239,812 $ 13,090,643
Costs and expenses        
Selling expenses 5,314,436 3,126,025 17,218,036 9,037,176
General and administrative expenses 2,897,835 1,441,290 7,013,563 3,932,468
Total Costs and Expenses 8,212,271 4,567,315 24,231,599 12,969,644
Income (Loss) from Operations (388,985) 553,704 1,008,213 120,999
Other Expenses (Income)        
Interest expense, net of interest income 329,618 110,391 1,592,127 360,778
Changes in fair value of derivative liabilities (5,244,587) (108,750) (245,445)
Imputed interest on related party advances 8,248 761 22,535
Gain on litigation settlement (516,120)
Loss on issuance of debt 212,270
Impairment on investment 186 6,758
Loss on Marketable Securities 2,500 157,500
Total Other Expenses (Income) (4,912,469) 10,075 1,446,538 144,626
Income (Loss) before income taxes 4,523,484 543,629 (438,325) (23,627)
Income taxes provision 83,356 271,964 840,798 333,419
Net Income (Loss) 4,440,128 271,665 (1,279,123) (357,046)
Other Comprehensive Income (Loss)        
Foreign currency translation adjustment (490,915) 43,259 (653,788) 6,666
Comprehensive Income (Loss) $ 3,949,213 $ 314,924 $ (1,932,911) $ (350,380)
Net Income (Loss) per common share - basic $ 0.06 $ 0.00 $ (0.02) $ 0.00
Net Income (Loss) per common share - diluted $ 0.04 $ 0.00 $ (0.02) $ 0.00
Weighted average number of common shares outstanding basic 74,540,298 74,018,590 75,178,017 74,018,590
Weighted average number of common shares outstanding diluted 106,107,471 75,104,016 75,178,017 74,018,590