v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue $ 10,002,857 $ 910,808
Cost of Goods Sold 11,091,140 670,539
Gross Profit (1,088,283) 240,269
Operating expenses:    
Advertising and marketing 45,928 166,149
Research and development 1,255,296 376,871
Cash due from gateway reserve expense 0 0
Payroll and payroll taxes 1,429,136 331,894
Professional fees 1,026,556 767,869
General and administrative 750,078 302,333
Depreciation and amortization 16,216 6,608
Total operating expenses 4,523,210 1,951,724
Loss from operations (5,611,493) (1,711,455)
Other income (expense):    
Interest expense - debt discount (195,201) 0
Interest (expense) income (604,504) (106,821)
Derivative expense (634,766) 0
Changes in fair value of derivative liability (415,297) 0
Merchant fines and penalty income 2,776,687 0
Asset impairment 0 (75,000)
Total other expense, net 926,919 (181,821)
Loss before provision for income taxes (4,684,574) (1,893,276)
Income tax provision 0 0
Net Income (loss) $ (4,684,574) $ (1,893,276)
Earnings (loss) per share:    
Basic and diluted (in Dollars per share) $ (0.03) $ (0.02)
Weighted average number of common shares outstanding:    
Basic and diluted (in Shares) 167,818,209 88,662,960