Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
General and administrative expenses $ 388,039 $ 296,377 $ 635,631 $ 561,281
Loss from operations (388,039) (296,377) (635,631) (561,281)
Other (expense) income:        
Interest expense (270,257) (270,257)
Loss on issuance of convertible promissory note (1,657,522) (1,657,522)
Interest income 2,950 355,970 38,438 948,284
Other (expense) income, net (1,924,829) 355,970 (1,889,341) 948,284
(Loss) income before income taxes (2,312,868) 59,593 (2,524,972) 387,003
Benefit (provision) from income taxes 1,480 (70,423) (3,827) (166,238)
Net (loss) income $ (2,311,388) $ (10,830) $ (2,528,799) $ 220,765
Weighted average shares outstanding        
Basic 4,479,278 4,227,492 4,468,714 4,164,169
Diluted 4,479,278 4,227,492 4,468,714 11,169,370
Net (loss) income per common share        
Basic $ (0.52) $ 0.00 $ (0.57) $ 0.05
Diluted $ (0.52) $ 0.00 $ (0.57) $ 0.02