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v3.20.1

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] |  |  |  |
Revenue | $ 1,157,917 | $ 6,064 | $ 1,460,958 | $ 6,064
Cost of revenue | 1,784,073 | 449,567 | 3,922,594 | 641,606
Gross loss | (626,156) | (443,503) | (2,461,636) | (635,542)
Operating expenses: |  |  |  |
Research and development | 411,268 | 30,776 | 598,645 | 104,095
General and administrative | 2,573,142 | 1,300,767 | 7,998,609 | 3,639,204
Total operating expenses | 2,984,410 | 1,331,543 | 8,597,254 | 3,743,299
Loss from operations | (3,610,566) | (1,775,046) | (11,058,890) | (4,378,841)
Other (expense) income: |  |  |  |
Change in valuation of derivative liabilities | 134,987 | (3,311) | 263,531 | 6,939
Interest expense | (1,428,463) |  | (1,552,006) |
Interest income | 2,199 | 61 | 16,583 | 411
True-up termination fee |  |  | (1,344,648) |
Settlement of promissory notes receivable | (1,166,556) |  | (1,166,556) |
Liquidated damages | (2,652,798) |  | (2,667,798) |
Total other (expense) income | (5,110,631) | (3,250) | (6,450,894) | 7,350
Loss before income taxes | (8,721,197) | (1,778,296) | (17,509,784) | (4,371,491)
Benefit for income taxes | 91,633 |  | 91,633 |
Net loss | (8,629,564) | (1,778,296) | (17,418,151) | (4,371,491)
Deemed dividend on Series H convertible preferred stock | (18,045,496) |  | (18,045,496) |
Net loss attributable to common shareholders | $ (26,675,060) | $ (1,778,296) | $ (35,463,647) | $ (4,371,491)
Basic and diluted net loss per common share | $ (0.96) | $ (0.11) | $ (1.40) | $ (0.33)
Weighted average number of common shares outstanding - basic and diluted | 27,835,555 | 16,367,424 | 25,382,551 | 13,091,231

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