Transition report pursuant to Rule 13a-10 or 15d-10

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
4 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Aug. 31, 2018
Aug. 31, 2017
Revenue $ 0 $ 214 $ 475 $ 1,734
Cost of goods sold 0 27 211 334
Gross profit 0 187 264 1,400
Operating expenses:        
Selling, general and administrative 292,060 105,734 528,151 525,438
Total operating expenses 292,060 105,734 528,151 525,438
Operating loss (292,060) (105,547) (527,887) (524,038)
Other income (expense):        
Interest on notes payable (14,184) (24,221) (111,407) (48,372)
Interest on notes payable - related parties 0 (1,516) (2,291) (2,011)
Interest expense - amortization of discount on notes payable (118,708) (177,573) (532,907) (780,293)
Interest expense - fair value of derivative in excess of notes payable 0 0 (447,680) 0
Gain on exchange/restructuring of debt 472,267 0 1,033,669 0
Loss on restructuring of debt 0 (122,878) (6,409) 0
Loss on conversion of debt 0 0 (474,648) 0
Excess value of derivative liabilities over net proceeds of sale of common stock at inception (3,638,849) 0 0 0
(Loss) gain on change in fair value of derivative liability (821,324) 28,523 (45,348) (388,544)
Total other expense (4,120,798) (297,665) (587,021) (1,219,220)
Net loss from continuing operations before tax (4,412,858) (403,212) (1,114,908) (1,743,258)
Provision for income tax 0 0 0 0
Net loss from continuing operations after tax (4,412,858) (403,212) (1,114,908) (1,743,258)
Net loss from discontinued operations, net of taxes 0 0 (1,835,911) 0
Net loss (4,412,858) (403,212) (2,950,819) (1,743,258)
Preferred stock dividend (64,840) 0 (20,280) 0
Net loss available to common shareholders $ (4,477,698) $ (403,212) $ (2,971,099) $ (1,743,258)
Net loss per share - continuing operations: basic and diluted (in Dollars per share) $ (1.47) $ (0.13) $ (0.37) $ (0.58)
Net loss per share - discontinued operations: basic and diluted (in Dollars per share) 0 0 (0.60) 0
Net loss per share - available to common shareholders: basic and diluted (in Dollars per share) $ (1.49) $ (0.13) $ (0.98) $ (0.58)
Weighted average shares outstanding - basic (in Shares) 2,999,076 3,018,450 3,046,232 2,996,871
Weighted average shares outstanding - diluted (in Shares) 2,999,076 3,018,450 3,046,232 2,996,871