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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 0 $ 1,712 $ 167,614 $ 5,815
Cost of sales 11,196 260 100,000 2,110
Gross profit (11,196) 1,452 67,614 3,705
Operating expenses        
General and administrative 347,993 283,099 841,040 1,270,721
Amortization of intangible asset 158,440 265,611 541,738 796,704
(Gain) loss on settlement of payables (390,000) 297,838 (390,000) 781,918
Total operating (income) expenses 116,433 846,548 992,778 2,849,343
Income (loss) from operations (127,629) (845,096) (925,164) (2,845,638)
Gain (loss) on extinguishment of debt 2,546,397 0 (1,131,503) (355,641)
Change in fair value of derivative liability 117,368 (161,693) 105,245 315,465
Gain (loss) on foreign currency transactions 790 4,994 (3,137) 9,486
Interest expense (608,469) (316,013) (1,087,158) (1,401,902)
Total other income (expenses) 2,056,086 (472,712) (2,116,553) (1,432,592)
Net income (loss) $ 1,928,457 $ (1,317,808) $ (3,041,717) $ (4,278,230)
Basic net income (loss) per common share $ 0.22 $ (0.99) $ (0.33) $ (6.68)
Diluted net income (loss) per common share $ 0.16 $ (0.99) $ (0.33) $ (6.68)
Weighted average number of common shares outstanding:        
Basic 8,913,614 1,326,724 9,161,531 640,689
Diluted 11,779,622 1,326,724 9,161,531 640,689