Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 24,000 $ 86,000
Accounts receivable, net 62,000 4,000
Prepaid expenses 21,000  
Trading securities, at market value 4,000  
Total Current Assets 111,000  
Property and equipment, net 94,000 134,000
Capitalized gaming assets and licensing rights, net 122,000  
Intangible assets, net 9,000  
Other assets 6,000  
TOTAL ASSETS 342,000  
Current Liabilities:    
Accounts payable and accrued liabilities 1,166,000  
Related party short-term advances 320,000  
Related party line of credit 1,068,000  
Convertible note payable, net 432,000  
Litigation settlement liability  
Current liabilities of discontinued operations 22,000  
Total Current Liabilities 3,008,000  
Non-current related party line of credit  
Total Liabilities 3,008,000  
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2018 and 2017; 20,000 Class E shares issued and outstanding as of December 31, 2018 and 2017 13  
Common Stock, $0.0001 par value, 750,000,000 shares authorized 198,305,131 and 181,128,950 shares issued and outstanding as of December 31, 2018 and 2017 19,830  
Additional paid-in capital 53,265,157  
Accumulated deficit (55,951,000)  
Total Stockholders' Equity (2,666,000)  
TOTAL LIABILITIES AND STOCKHOLDERS' Equity 342,000  
Restated [Member]    
Current Assets:    
Cash and cash equivalents   86,000
Accounts receivable, net   4,000
Prepaid expenses   35,000
Trading securities, at market value   48,000
Total Current Assets   173,000
Property and equipment, net   134,000
Capitalized gaming assets and licensing rights, net   743,000
Intangible assets, net   12,000
Other assets   16,000
TOTAL ASSETS   1,078,000
Current Liabilities:    
Accounts payable and accrued liabilities   528,000
Related party short-term advances  
Related party line of credit  
Convertible note payable, net  
Litigation settlement liability   1,983,000
Current liabilities of discontinued operations   22,000
Total Current Liabilities   2,533,000
Non-current related party line of credit   807,000
Total Liabilities   3,340,000
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2018 and 2017; 20,000 Class E shares issued and outstanding as of December 31, 2018 and 2017   13
Common Stock, $0.0001 par value, 750,000,000 shares authorized 198,305,131 and 181,128,950 shares issued and outstanding as of December 31, 2018 and 2017   18,112
Additional paid-in capital   46,561,875
Accumulated deficit   (48,842,000)
Total Stockholders' Equity   (2,262,000)
TOTAL LIABILITIES AND STOCKHOLDERS' Equity   1,078,000
Class A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2018 and 2017; 20,000 Class E shares issued and outstanding as of December 31, 2018 and 2017 11  
Total Stockholders' Equity 11  
TOTAL LIABILITIES AND STOCKHOLDERS' Equity 11  
Class A Preferred Stock [Member] | Restated [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2018 and 2017; 20,000 Class E shares issued and outstanding as of December 31, 2018 and 2017   11
Total Stockholders' Equity   11
TOTAL LIABILITIES AND STOCKHOLDERS' Equity   11
Class E Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2018 and 2017; 20,000 Class E shares issued and outstanding as of December 31, 2018 and 2017 2  
Total Stockholders' Equity 2  
TOTAL LIABILITIES AND STOCKHOLDERS' Equity $ 2  
Class E Preferred Stock [Member] | Restated [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of December 31, 2018 and 2017; 20,000 Class E shares issued and outstanding as of December 31, 2018 and 2017   2
Total Stockholders' Equity   2
TOTAL LIABILITIES AND STOCKHOLDERS' Equity   $ 2