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WRAPmail, Inc. and Subsidiary - Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement    
Revenues $ 95,145 $ 110,431
Operating Expenses:    
Officers and directors compensation [1] 180,448 851,250
Consulting fees [2] 99,913 488,574
Advertising expense 11,901 15,652
Hosting expense 32,182 33,280
Rent expense 65,060 38,765
Professional fees [3] 47,207 90,735
Depreciation of property and equipment 3,267 2,201
Amortization of intangible assets 3,974 3,974
Other 62,741 160,283
TOTAL OPERATING EXPENSES 506,693 1,684,714
Loss from operations (411,548) (1,574,283)
Other income (expense):    
Loss on Investment   (1,760)
Gain on sale [4] 27,500
Interest income 1,170 127
Impairment of goodwill (1,994,641) (1,994,641)
Income (expense) from derivative liability (198,438)  
Interest expense [5] (56,234) (48,666)
Other income (expense) - net (253,502) (2,017,440)
Loss before provision for income taxes (665,050) (3,591,723)
Provision for income taxes
Net loss $ (665,050) $ (3,591,723)
Net loss per common share - basic and diluted $ (0.00) $ (0.02)
Weighted average common shares outstanding - basic and diluted 145,677,036 214,694,520
[1] including stock-based compensation of $0 and $750,000, respectively.
[2] Including stock-based compensation of $30,000 and $432,452, respectively.
[3] including stock-based compensation of $0 and $15,000, respectively.
[4] Gain on sale of 50% interest in Stock Market Manager, Inc.
[5] Including amortization of debt discounts of $50,315 and $47,872, respectively.