Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Other (income) expense:        
Extinguishment of debt     $ (225,092)  
Successor [Member]        
Net revenues $ 255,975   960,497  
Cost of Sales 98,465   372,670  
Gross Profit 157,510   587,827  
Operating expenses:        
Advertising and marketing expenses 171,285   394,579  
Stock based compensation - related party 211,505   619,156  
General and administrative 354,933   1,110,740  
Total operating expenses 737,723   2,124,475  
Loss from operations (580,213)   (1,536,648)  
Other (income) expense:        
Change in fair value of warrant liabilities 366,505   226,893  
Change in fair value of derivative liabilities 531,010   283,495  
Extinguishment of debt   691,371  
Other income    
Interest expense 19,971   337,610  
Total other expense, net 917,486   1,539,369  
Loss before income taxes (1,497,699)   (3,076,017)  
Income taxes    
Net loss $ (1,497,699)   $ (3,076,017)  
Net loss per share, basic and diluted (in dollars per share) $ (0.03)   $ (0.07)  
Weighted average number of shares outstanding Basic and diluted (in shares) 48,034,278   45,372,823  
Predecessor [Member]        
Net revenues   $ 342,164   $ 1,437,330
Cost of Sales   164,979   661,586
Gross Profit   177,185   775,744
Operating expenses:        
Advertising and marketing expenses   17,056   225,620
Stock based compensation - related party    
General and administrative   236,639   867,964
Total operating expenses   253,695   1,093,584
Loss from operations   (76,510)   (317,840)
Other (income) expense:        
Change in fair value of warrant liabilities    
Change in fair value of derivative liabilities    
Extinguishment of debt    
Other income     (2,375)
Interest expense   36,252   119,105
Total other expense, net   36,252   116,730
Loss before income taxes   (112,762)   (434,570)
Income taxes    
Net loss   $ (112,762)   $ (434,570)
Net loss per share, basic and diluted (in dollars per share)   $ (0.01)   $ (0.04)
Weighted average number of shares outstanding Basic and diluted (in shares)   10,032,000   10,032,000