Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.3.1.900
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Revenues $ 1,596,812 $ 1,450,887
Cost of sales 472,986 510,089
Gross Margin 1,123,826 940,798
Expenses    
Labor and related expenses 1,718,636 332,669
Rent 358,051 253,819
Depreciation and amortization $ 97,967 72,048
Marketing and promotional - related party 2,260,850
Professional fees $ 2,274,283 1,947,608
Other general and administrative 655,557 263,653
Total Operating Expenses 5,104,494 5,130,647
Operating Loss (3,980,668) (4,189,849)
Other Income (Expense)    
Interest and dividend income $ 22,432 11,209
Interest expense - related party 587,294
Change in unrealized gain (loss) on trading securities $ (1,181,085) 2,007,374
Gain (loss) on sale of marketable securities (1,460,576) 5,989,218
Total Other Income (Expense) (2,619,229) 7,420,507
Income (Loss) Before IncomeTaxes $ (6,599,897) 3,230,658
Provision for income taxes 1,040,000
Income (Loss) from continuing operations $ (6,599,897) $ 2,190,658
Discontinued Operations    
Loss from operations from discontinued operations (1,205,988)
Loss on rescission of discontinued operations (1,138,536)
Loss on discontinued operations (2,344,524)
Net Income (Loss) $ (8,944,421) $ 2,190,658
Income (Loss) from continuing operations    
Basic earnings per share $ (0.04) $ 0.02
Diluted earnings per share (0.04) $ 0.01
Loss on discontinuing operations    
Basic and Diluted earnings per share (0.02)
Net Income (Loss)    
Basic earnings per share (0.06) $ 0.02
Diluted earnings per share $ (0.06) $ 0.01
Weighted Average Common Shares    
Basic 152,346,182 136,649,628
Diluted 152,346,182 164,052,726