Investors

Financials

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ (11,225,535) $ 24,383
Accounts receivables, net 362,034
Inventory 61,328
Prepaid & other current assets 102,961 112,217
Total current assets 582,389 136,600
Property, plant and equipment, net 792,180 489
Goodwill 117,534
Other intangible assets, net 17,557,977 17,630,000
Deposits 1,750 1,750
Total Assets 19,051,830 17,768,839
Current Liabilities    
Accounts payable 688,621 590,870
Accrued and other short term liabilities 105,164 383,564
Short term notes payable, net 1,063,795
Short term notes payable - affiliate, net 830,500 896,500
Total current liabilities 2,688,080 1,870,934
Long term notes payable, net 314,260
Deferred tax liability 200,856
Total long term liabilities 515,115
Total Liabilities 3,203,195 1,870,934
Stockholders Equity/(Deficit)    
Common stock, $0.001 par value, 300,000,000 shares authorized, 28,037,713 shares and 5,206,174 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 28,038 5,206
Receivable for stock subscription (245,000) (4,800,000)
Additional paid-in capital 95,622,557 87,552,737
Accumulated deficit (79,556,969) (66,861,036)
Total stockholders' equity 15,848,635 15,897,905
Total Liabilities and Stockholders' Equity 19,051,830 17,768,839
Preferred Series B stock    
Stockholders Equity/(Deficit)    
Preferred stock, value 800
Preferred Series C stock    
Stockholders Equity/(Deficit)    
Preferred stock, value 180
Preferred Series D stock    
Stockholders Equity/(Deficit)    
Preferred stock, value $ 8 $ 18
v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Total revenue $ 399,000 $ 399,000
Total cost of revenue 215,286 215,286
Gross profit 183,714 183,714
Operating expenses        
Selling, general and administrative 767,689 512,097 12,817,214 1,583,200
Total operating expenses 767,689 512,097 12,817,214 1,583,200
Loss from operations (583,976) (512,097) (12,633,500) (1,583,200)
Other income/(expense)        
Interest expense (67,402) (106,742) (189,462) (294,733)
Total other income/(expense) (67,402) (106,742) (189,462) (294,733)
Loss from continuing operations before tax benefit (651,378) (618,839) (12,822,962) (1,877,933)
Tax benefit
Loss from continuing operations (651,378) (618,839) (12,822,962) (1,877,933)
Income/(loss) from discontinued operations 41,582 13,711 127,029 (5,544)
Loss applicable to common stockholders $ (609,795) $ (605,128) $ (12,695,933) $ (1,883,477)
Basic and diluted:        
Loss per share from continuing operations $ (0.02) $ (0.75) $ (0.67) $ (2.29)
Income (loss) per share from discontinued operations 0 0.02 0.01 (0.01)
Loss per share, basic and diluted $ (0.02) $ (0.74) $ (0.67) $ (2.29)
Weighted average shares, basic and diluted 28,034,087 821,588 19,017,292 821,588
v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (12,695,933) $ (1,883,477)
Adjustments to reconcile net loss to net cash used in operating activities    
Accretion of asset retirement obligations 9,118
Amortization of deferred financing costs 6,237
Amortization of debt discount 16,425 210,000
Amortization of intangible assets 244,542
Issuance of short term notes payable 747,406
Warrants issued with note payable 37,109
Depletion, accretion, depreciation and amortization 27,670 78,234
Share-based compensation 108,350 236,221
Change in operating assets and liabilities:    
Accounts receivable (97,956) 6,624
Accounts receivable - affiliate (70,272)
Inventory (6,964)
Prepaid & other current assets 19,189 (145)
Accounts payable 50,966 151,736
Accrued liabilities - related parties (255,441)
Accrued and other short term liabilities (14,014) (7,422)
Accrued interest on short term notes payable - affiliate 122,200 50,000
Net cash used in operating activities (11,441,009) (1,468,587)
CASH FLOWS FROM INVESTING ACTIVITIES    
Revisions of furniture and fixtures 3,261
Acquisition of Pro-Tech, net of cash acquired (832,039)  
Net cash provided by (used in) investing activities (832,039) 3,261
CASH FLOWS FROM FINANCING ACTIVITIES    
Non-controlling interest contributions 1,170,000
Debt financing proceeds - affiliate 1,222,000 820,000
Principal payments of debt financing (570,500)
Contributions - affiliate (190,000)
Conversion of preferred stock 244,997
Redemption of preferred stock (253,868)
Net cash provided by financing activities 1,023,129 1,419,500
Net change in cash and cash equivalents (11,249,918) (45,826)
Beginning cash and cash equivalents 24,383 56,456
Ending cash and cash equivalents (11,225,535) 10,630
Cash paid for:    
Interest 13,250 20,469
Non-cash investing and financing activities:    
Accrued interest and amortization of debt discount 122,061 274,264
Revisions to depreciation 4,864
Intangible Assets $ 172,519 $ 17,630,000