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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
[1]
Apr. 08, 2018
Jun. 30, 2019
Jun. 30, 2018
[2]
Dec. 31, 2018
Dec. 31, 2017
Revenue:              
Transaction and processing fees $ 2,546,340 $ 3,169,647   $ 5,122,624 $ 3,169,647 $ 8,863,008
Merchant equipment sales and other 29,414 17,835   37,824 17,835 35,756
Other revenue 6,186 39,483   12,386 116,508 121,112 183,998
Total revenue 2,581,940 3,226,965   5,172,834 3,303,990 9,019,876 183,998
Operating expenses:              
Processing and servicing costs, excluding merchant portfolio amortization 1,678,548 2,092,527   3,396,646 2,096,624 5,992,619 19,398
Amortization expense 178,782 227,677   406,429 227,677 541,904
Salaries and wages 366,602 422,481   801,395 578,731 1,401,192 525,000
Outside commissions 34,442 104,827   75,311 104,827 181,510
General and administrative expenses 488,209 511,883   761,231 554,895 1,435,717 274,996
Impairment of goodwill          
Total operating expenses 2,746,583 3,359,395   5,441,012 3,562,754 9,552,942 819,394
Income (loss) from operations (164,643) (132,430)   (268,178) (258,764) (533,066) (635,396)
Other Income (Expense):              
Interest expense (215,765) (187,907)   (429,515) (188,203) (800,467)
Interest expense, related party (93,035)   (183,239) (82,849) (26,901)
Gain on settlement of payables           16,039
Other income 605   1,149   6,799
Total other expense (308,195) (187,907)   (611,605) (188,203) (860,478) $ (26,901)
Net Loss $ (472,838) $ (320,337)   $ (879,783) $ (446,967) $ (1,393,544)  
Net loss per share, basic and diluted $ 0 $ 0   $ (0.01) $ 0.00 $ (0.01) $ 0.00
Weighted average shares outstanding, basic and diluted 163,833,226 109,126,268   163,128,672 162,336,414 162,343,378 155,996,684
Predecessor              
Revenue:              
Transaction and processing fees     $ 3,164,949       $ 14,656,301
Merchant equipment sales and other     9,590       251,408
Other revenue          
Total revenue     3,174,539       14,907,709
Operating expenses:              
Processing and servicing costs, excluding merchant portfolio amortization     1,748,141       9,395,994
Amortization expense     90,739       362,956
Salaries and wages     374,345       2,782,079
Outside commissions     508,296       336,290
General and administrative expenses     367,524       3,969,301
Impairment of goodwill           7,914,269
Total operating expenses     3,089,045       24,760,889
Income (loss) from operations     85,494       (9,853,180)
Other Income (Expense):              
Interest expense     (832,564)       (3,836,495)
Interest expense, related party          
Gain on settlement of payables          
Other income     908       (131,846)
Total other expense     (831,656)       (3,968,341)
Net Loss     $ (746,162)       $ (13,821,521)
Net loss per share, basic and diluted           $ (0.14)
Weighted average shares outstanding, basic and diluted           100,482,497
[1] Includes the consolidated results from operations of (a) OLB, CrowdPay and Omnisoft from April 1, 2018 through June 30, 2018 and (b) of the net assets acquired from Excel Corporation (the "Predecessor") from April 9, 2018 through June 30, 2018 as disclosed in Note 1.
[2] Includes the consolidated results from operations of (a) OLB, CrowdPay and Omnisoft from January 1, 2018 through June 30, 2018 and (b) of the net assets acquired from the Predecessor from April 9, 2018 through June 30, 2018 as disclosed in Note 1.