Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Expenses        
General and administrative $ 1,025,938 $ 1,100,082 $ 2,448,416 $ 2,150,961
Sales and marketing 145,621 40,496 227,758 61,768
Research and development 56,333 233,303 391,774 376,486
Depreciation 6,671 2,046 12,892 4,009
Impairment of goodwill 0 6,455,645 0 6,455,645
Total Operating Expenses 1,234,563 7,831,572 3,080,840 9,048,869
Operating Loss (1,234,563) (7,831,572) (3,080,840) (9,048,869)
Other Expenses        
Interest expense 1,438 0 392,235 344,093
Total Other Expenses 1,438 0 392,235 344,093
Total Loss from Continuing Operations (1,236,001) (7,831,572) (3,473,075) (9,392,962)
Discontinued Operations        
Loss from discontinued operations 0 128,163 1,163 399,060
Impairment loss 0 1,584,048 0 1,584,048
Total Loss from Discontinued Operations 0 (1,712,211) (1,163) (1,983,108)
Net Loss $ (1,236,001) $ (9,543,783) $ (3,474,238) $ (11,376,070)
Loss per share – Basic and Diluted: Continuing Operations $ (.08) $ (.67) $ (0.20) $ (0.76)
Loss per share – Basic and Diluted: Discontinued Operations 0.00 (.15) 0.00 (0.16)
Loss per share – Basic and Diluted: Net Loss per share $ (.08) $ (.82) $ (0.20) $ (0.92)
Weighted average outstanding shares used to compute basic and diluted net loss per share 17,966,591 13,057,476 17,171,528 12,340,839