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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE        
Revenue $ 8,856,888 $ 6,112,531 $ 20,822,317 $ 10,228,447
COST OF REVENUE 8,154,554 5,632,433 19,509,987 9,384,657
GROSS PROFIT 702,334 480,098 1,312,330 843,790
OPERATING EXPENSES        
General and administrative expenses 772,780 1,270,848 1,524,528 1,664,342
Depreciation and amortization expense 8,339 5,890 16,135 11,032
Impairment of goodwill 1,949,884
TOTAL OPERATING EXPENSES 781,119 1,276,738 1,540,663 3,625,258
LOSS FROM OPERATIONS (78,785) (796,640) (228,333) (2,781,468)
OTHER INCOME (EXPENSE)        
Interest expense - related party (66) (66) (132) (132)
Interest expense (272,419) (171,327) (558,997) (281,455)
Non-cash interest expense (490,771) (1,774,783)
Other expense (4,360) (1,584) (7,138) (13,234)
Forgiveness of debt (743) 48,880
Gain on exchange of equity investments, net of unrealized loss on change in fair value 1,826,160 1,826,160
Loss on extinguishment of debt (1,464,698)
Foreign currency transaction gain (loss) (196,627) 130,001 (114,344) 202,971
TOTAL OTHER INCOME (EXPENSE) 861,174 (42,976) (2,045,052) (91,850)
PROFIT (LOSS) BEFORE INCOME TAXES 782,389 (839,616) (2,273,385) (2,873,318)
INCOME TAX EXPENSE (28) (32)
NET PROFIT (LOSS) 782,389 (839,616) (2,273,413) (2,873,350)
OTHER COMPREHENSIVE GAIN (LOSS)        
Foreign currency translation gain (loss) 181,366 (111,658) 46,312 (126,677)
TOTAL COMPREHENSIVE GAIN (LOSS) $ 963,755 $ (951,274) $ (2,227,101) $ (3,000,027)
BASIC NET LOSS PER SHARE $ 0.06 $ (0.07) $ (0.18) $ (0.23)
DILUTED NET LOSS PER SHARE $ 0.06 $ (0.07) $ (0.17) $ (0.24)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 13,167,364 12,786,438 12,918,417 12,734,183
Diluted 13,229,583 12,786,438 12,918,417 12,734,183