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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE        
Revenue $ 1,050,374 $ 381,037 $ 2,170,123 $ 881,157
Cost of Revenue 524,483 305,684 1,610,394 652,140
Gross profit 525,891 75,353 559,729 229,017
OPERATING EXPENSES:        
Consulting fees 367,599 47,960 529,100 183,083
Compensation 98,875 818,730 3,377,527 988,669
Professional and legal fees 56,760 41,004 208,737 121,204
Investor Relations 2,000 29,674 150,227 269,138
General and administrative 654,354 284,999 1,184,617 680,625
Operating expenses 1,179,588 1,222,367 5,450,208 2,242,719
LOSS FROM OPERATIONS (653,697) (1,147,014) (4,890,479) (2,013,702)
OTHER INCOME (EXPENSE):        
Interest expense (91,779) (34,665) (274,711) (93,204)
Amortization of debt discounts (530,267) (92,151) (1,322,297) (311,626)
Gain on settlement of debt 5,632 5,632
Gain on change in fair value of investments 20,000
Gain (loss) on change in fair value of derivative liability 1,984,195 (98,507) (1,617,074) (31,236)
Loss on disposal of subsidiary (54,798) (54,798)
Other income (expense), net 1,307,351 (199,691) (3,268,880) (430,434)
INCOME (LOSS) BEFORE INCOME TAXES 653,654 (1,346,705) (8,159,359) (2,444,136)
Income taxes
NET INCOME (LOSS) 653,654 (1,346,705) (8,159,359) (2,444,136)
Loss (income) attributable to non-controlling interests (33,898) 9,122 93,269 8,166
NET INCOME (LOSS) ATTRIBUTABLE TO SINGLEPOINT, INC. STOCKHOLDERS $ 619,756 $ (1,337,583) $ (8,066,090) $ (2,435,970)
Net loss per share - basic $ 0.00 $ (0.00) $ (0.01) $ (0.00)
Weighted average number of common shares outstanding - basic 1,623,777,941 1,162,754,224 1,445,069,147 1,120,363,206