v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenue $ 1,117,397 $ 860,530
Total cost of sales 547,023 419,939
GROSS MARGIN 570,374 440,591
OPERATING EXPENSES    
Depreciation expense 319 4,737
Selling, general and administrative 827,083 643,793
Total operating expenses 827,402 648,530
LOSS FROM OPERATIONS (257,028) (207,939)
OTHER INCOME (EXPENSE)    
Other income (expense) 0 2,142
Change in value of derivative liability (4,467,534) (3,923,226)
Interest expense (77,732) (99,259)
Conversion cost penalty (4,000) (543,016)
Amortization of debt discounts (246,185) (84,369)
Total other income (expenses) (4,795,451) (4,647,728)
NET LOSS BEFORE DISCONTINUED OPERATIONS (5,052,479) (4,855,667)
LOSS FROM DISCONTINUED OPERATIONS (523,280) (16,179)
NET LOSS FOR THE PERIOD $ (5,575,759) $ (4,871,847)
LOSS PER COMMON SHARE - BASIC AND DILUTED FOR CONTINUED OPERATIONS $ (49.17) $ (98.97)
LOSS PER COMMON SHARE - BASIC AND DILUTED FOR DISCONTINUED OPERATIONS $ (5.09) $ (0.33)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC AND DILUTED 102,762 49,060
Rental Business [Member]    
Total revenue $ 38,212 $ 52,878
Total cost of sales 36,821 67,163
Food and beverage [Member]    
Total revenue 135,193 147,797
Total cost of sales 99,260 110,023
Italian ice and franchise fees [Member]    
Total revenue 21,190 32,628
Total cost of sales 16,153 39,620
Tax Services [Member]    
Total revenue 922,514 627,227
Total cost of sales 394,798 203,133
Other Business [Member]    
Total revenue 288 0
Total cost of sales $ 0 $ 0

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