XML 70 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 1,213,664 $ 515,385
Cost of revenues:    
Total cost of revenues 447,539 142,465
Gross profit 766,125 372,920
Operating expenses:    
General and administrative 865,085 538,961
Significant transaction costs 460,767
Sales and marketing 243,689 268,757
Depreciation and amortization 28,091 1,908
Total operating expenses 1,597,632 809,626
Loss from operations (831,507) (436,706)
Other income (expense)    
Gain on extinguishment of debt 287,426
Income tax benefit 188,300
Interest expense, net (290,430) (233,147)
Total other income (expense) 185,296 (233,147)
Net loss $ (646,211) $ (669,853)
Basic and diluted net loss per share: $ (0.54) $ (1.81)
Weighted average number of common shares outstanding - basic and diluted 1,185,846 369,603
Sale of Software [Member]    
Revenues:    
Total revenues $ 94,100 $ 1,750
Cost of revenues:    
Total cost of revenues 38,302 1,846
Software as a Service [Member]    
Revenues:    
Total revenues 225,994 199,183
Cost of revenues:    
Total cost of revenues 72,515 67,689
Software Maintenance Services [Member]    
Revenues:    
Total revenues 261,243 252,636
Cost of revenues:    
Total cost of revenues 46,516 29,378
Professional Services [Member]    
Revenues:    
Total revenues 631,946 51,667
Cost of revenues:    
Total cost of revenues 289,467 33,506
Third Party Services [Member]    
Revenues:    
Total revenues 381 10,149
Cost of revenues:    
Total cost of revenues $ 739 $ 10,046