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v3.8.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended
--- | --- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Jun. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Revenue: |  |  |  |  |
Construction revenue | $ 1,326,005 | $ 238,781 |  | $ 2,728,462 | $ 238,781
Engineering services | 68,947 | 76,929 |  | 272,817 | 76,929
Total | 1,394,952 | 315,710 |  | 3,001,279 | 315,710
Cost of revenue: |  |  |  |  |
Construction revenue | 1,242,113 | 189,520 |  | 2,375,139 | 189,520
Engineering services | 54,942 | 68,423 |  | 229,227 | 68,423
Total | 1,297,055 | 257,943 |  | 2,604,366 | 257,943
Gross profit | 97,897 | 57,767 |  | 396,913 | 57,767
Operating expenses: |  |  |  |  |
Payroll and related expenses | 749,407 | 155,455 |  | 1,385,005 | 155,455
General and administrative expenses | 324,794 | 236,804 |  | 1,048,853 | 236,804
Marketing and business development expense | 56,343 | 16,196 |  | 122,529 | 16,196
Pre-project expenses | 11,657 | 22,633 |  | 28,304 | 22,633
Total | 1,142,201 | 431,088 |  | 2,584,691 | 431,088
Operating loss | (1,044,304) | (373,321) |  | (2,187,778) | (373,321)
Other income (expense): |  |  |  |  |
Interest expense |  | (123,412) |  | (330,388) | (123,412)
Interest income | 3 | 3 |  | 11 | 3
Other income | 1,000 |  |  | 1,000 |
Loss on conversion of convertible debentures |  |  |  | (1,018,475) |
Change in fair value of financial instruments |  | 18,345 |  | 96,327 | 18,345
Total | 1,003 | (105,064) |  | (1,251,525) | (105,064)
Net loss before reorganization items | (1,043,301) | (478,385) |  | (3,439,303) | (478,385)
Reorganization items: |  |  |  |  |
Legal and professional fees |  | (64,821) |  |  | (64,821)
Gain on reorganization |  |  |  |  |
Total |  | (64,821) |  |  | (64,821)
Net loss | $ (1,043,301) | $ (543,206) |  | $ (3,439,303) | $ (543,206)
Net loss per share - basic and diluted: |  |  |  |  |
Basic and diluted | $ (0.25) | $ (1.11) |  | $ (2.09) | $ (1.11)
Weighted average shares outstanding: |  |  |  |  |
Basic and diluted | 4,177,890 | 491,357 |  | 1,647,916 | 491,357
Predecessor |  |  |  |  |
Revenue: |  |  |  |  |
Construction revenue |  |  | $ 1,004,216 |  |
Engineering services |  |  | 52,007 |  |
Total |  |  | 1,056,223 |  |
Cost of revenue: |  |  |  |  |
Construction revenue |  |  | 816,076 |  |
Engineering services |  |  | 43,898 |  |
Total |  |  | 859,974 |  |
Gross profit |  |  | 196,249 |  |
Operating expenses: |  |  |  |  |
Payroll and related expenses |  |  | 367,254 |  |
General and administrative expenses |  |  | 557,069 |  |
Marketing and business development expense |  |  | 22,729 |  |
Pre-project expenses |  |  | 26,411 |  |
Total |  |  | 973,463 |  |
Operating loss |  |  | (777,214) |  |
Other income (expense): |  |  |  |  |
Interest expense |  |  | (429,017) |  |
Interest income |  |  | 8 |  |
Other income |  |  |  |  |
Loss on conversion of convertible debentures |  |  |  |  |
Change in fair value of financial instruments |  |  |  |  |
Total |  |  | (429,009) |  |
Net loss before reorganization items |  |  | (1,206,223) |  |
Reorganization items: |  |  |  |  |
Legal and professional fees |  |  | (171,893) |  |
Gain on reorganization |  |  | 713,379 |  |
Total |  |  | 541,486 |  |
Net loss |  |  | $ (664,737) |  |
Net loss per share - basic and diluted: |  |  |  |  |
Basic and diluted |  |  | $ (0.02) |  |
Weighted average shares outstanding: |  |  |  |  |
Basic and diluted |  |  | 42,918,927 |  |

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