Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2016
Nov. 30, 2016
Dec. 31, 2017
Successor [Member]      
Net revenues $ 250,601   $ 1,284,178
Cost of Sales 229,878   512,382
Gross Profit 20,723   771,796
Operating expenses:      
Advertising and marketing expenses 98,079   533,448
Stock based compensation - related party 24,302   1,167,820
General and administrative 104,281   1,504,815
Total operating expenses 226,662   3,206,083
Loss from operations (205,939)   (2,434,287)
Other (income) expense:      
Change in fair value of warrant liabilities (3,612)   181,896
Change in fair value of derivative liabilities (68,331)   (86,856)
Extinguishment of debt   691,361
Modification of warrants and derivatives   238,935
Other income  
Interest expense 65,146   790,841
Total other expense, net (6,797)   1,816,177
Loss before income taxes (199,142)   (4,250,464)
Income taxes   800
Net loss $ (199,142)   $ (4,251,264)
Net loss per share, basic and diluted (in dollars per share) $ 0.00   $ (0.09)
Weighted average number of shares outstanding      
Basic and diluted (in shares) 43,163,881   47,093,401
Predecessor [Member]      
Net revenues   $ 1,553,986  
Cost of Sales   717,334  
Gross Profit   836,652  
Operating expenses:      
Advertising and marketing expenses   314,645  
Stock based compensation - related party    
General and administrative   1,026,271  
Total operating expenses   1,340,916  
Loss from operations   (504,264)  
Other (income) expense:      
Change in fair value of warrant liabilities    
Change in fair value of derivative liabilities    
Extinguishment of debt    
Modification of warrants and derivatives    
Other income   (2,375)  
Interest expense   130,499  
Total other expense, net   128,124  
Loss before income taxes   (632,388)  
Income taxes    
Net loss   $ (632,388)  
Net loss per share, basic and diluted (in dollars per share)   $ (0.06)  
Weighted average number of shares outstanding      
Basic and diluted (in shares)   10,032,000