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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
General and administrative expenses $ 403,397 $ 225,699 $ 1,039,028 $ 786,980
Loss from operations (403,397) (225,699) (1,039,028) (786,980)
Other (expense) income:        
Interest expense (1,504,319) (1,774,576)
Loss on issuance of convertible promissory note (1,657,522)
Interest income 266 255,254 38,704 1,203,538
Change in fair value of derivative liability 19,177 19,177
Other (expense) income, net (1,484,876) 255,254 (3,374,217) 1,203,538
(Loss) income before income taxes (1,888,273) 29,555 (4,413,245) 416,558
Benefit (provision) for income taxes 3,827 (51,345) (217,583)
Net (loss) income $ (1,884,446) $ (21,790) $ (4,413,245) $ 198,975
Weighted average shares outstanding        
Basic 5,177,321 4,264,291 4,706,640 4,197,910
Diluted 5,177,321 4,264,291 4,706,640 8,168,215
Net (loss) income per common share        
Basic $ (0.36) $ (0.01) $ (0.94) $ 0.05
Diluted $ (036) $ (0.01) $ (0.94) $ 0.02