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WRAPmail, Inc. and Subsidiary - Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement        
Revenues $ 25,437 $ 28,474 $ 47,663 $ 67,990
Operating Expenses:        
Officers and directors compensation [1] 55,500 515,000 111,000 755,000
Consulting fees [2] 11,234 13,625 67,095 198,608
Depreciation of property and equipment 806 181 1,653 623
Amortization of intangible assets 993 994 1,987 1,988
Other 43,368 74,293 97,170 136,108
TOTAL OPERATING EXPENSES 111,901 604,093 278,905 1,092,327
Loss from operations (86,464) (575,619) (231,242) (1,024,337)
Other income (expense):        
Loss on Investment   (480)   (960)
Interest income 292 1 585 5
Impairment of goodwill     (1,994,641) (1,994,641)
Interest expense (125) (350) (250) (475)
Other income (expense) - net 167 (829) 335 (1,996,071)
Loss before provision for income taxes (86,297) (576,448) (230,907) (3,020,408)
Provision for income taxes
Net loss $ (86,297) $ (576,448) $ (230,907) $ (3,020,408)
Net loss per common share - basic and diluted $ (0.00) $ (0.00) $ (0.00) $ (0.01)
Weighted average common shares outstanding - basic and diluted 145,608,250 225,419,464 14,555,368 221,285,141
[1] Including stock-based compensation of $0, $750,000 and $0 and $510,000, respectively.
[2] Including stock-based compensation of $30,000, $182,088, $0 and $6,875, respectively.