v3.19.1
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]        
REVENUES $ 185,869 $ 185,869
COST OF SALES 145,428 145,428
GROSS PROFIT 40,441 40,441
General and administrative expenses 484,085 538,033
Depreciation expense 7,734 7,734
Total operating expense 491,819 545,767
Loss from operations (451,378) (505,326)
OTHER INCOME (EXPENSES)        
Interest expense and amortization of debt discount (331,270) (19,012) (680,413) (27,278)
Change in fair value of derivative liability 1,101,759 (370,306) 8,398,544 (443,917)
Beneficial conversion feature and derivative interest (1,409,311) (5,091,530)
Gain (loss) on cryptocurrency (26,028)   (26,028)
Fixed asset write-off   (498)
Gain on extinguishment of debt   137,054
Subscription receivable write-off 250
Total other income (expense) (664,600) (389,318) 2,737,129 (471,195)
Income (Loss) from continuing operations (1,115,978) (389,318) 2,231,803 (471,195)
Income (Loss) from discontinued operations (46,977) (314,575)
NET INCOME (LOSS) (1,115,978) (436,295) 2,231,803 (785,770)
Less: Income (loss) attributable to non-controlling interest (179,126) (179,126)
Net income (loss) attributable to Mining Power shareholders $ (936,852) $ (436,295) $ 2,410,929 $ (785,770)
Net income (loss) per share applicable to common stockholders - basic (continuing operations) $ (0.02) $ (0.16) $ 0.06 $ (0.17)
Net Income (loss) per share applicable to common stockholders - basic (discontinued operations) 0.00 (0.02) 0.00 (0.12)
Net income (loss) per share applicable to common stockholders - diluted (continuing operations) (0.02) (0.16) 0.06 (0.17)
Net income (loss) per share applicable to common stockholders - diluted (discontinued operations) $ (0.02) $ (0.02) $ 0.00 $ (0.12)
Weighted average number of common shares outstanding - basic 55,215,525 2,789,067 41,328,152 2,722,751
Weighted average number of common shares outstanding - diluted 11,016,954,348 2,789,067 1,003,066,976 2,722,751