v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 78,000 $ 86,000
Accounts receivable, net 3,000 4,000
Prepaid expenses 19,000 35,000
Trading securities, at market value 37,000 48,000
Total Current Assets 137,000 173,000
Property and equipment, net 123,000 134,000
Capitalized gaming assets and licensing rights, net 726,000 743,000
Intangible assets, net 11,000 12,000
Other assets 16,000 16,000
TOTAL ASSETS 1,013,000 1,078,000
Current Liabilities:    
Accounts payable and accrued liabilities 929,000 878,000
Related party short-term advances 5,000
Related party line of credit 1,021,000
Current liabilities of discontinued operations 22,000 22,000
Total Current Liabilities 1,977,000 900,000
Non-current related party line of credit 807,000
Total Liabilities 1,977,000 1,707,000
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2018 and December 31, 2017; 20,000 Class E shares issued and outstanding as of March 31, 2018 and December 31, 2017 13 13
Common Stock, $0.0001 par value, 750,000,000 shares authorized 191,520,892 and 181,128,950 shares issued and outstanding as of March 31, 2018 and December 31, 2017 19,151 18,112
Additional paid-in capital 50,176,836 46,561,875
Accumulated deficit (51,160,000) (47,209,000)
Total Stockholders' Equity (964,000) (629,000)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,013,000 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 March 31, 2018 and December 31, 2017; 20,000 Class E shares issued and outstanding as of March 31, 2018 and December 31, 2017 11 11
Total Stockholders' Equity 11 11
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 11 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 March 31, 2018 and December 31, 2017; 20,000 Class E shares issued and outstanding as of March 31, 2018 and December 31, 2017 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2

Source

v3.8.0.1
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Revenues $ 6,000 $ 52,000
Expenses    
Labor and related expenses 886,000 1,370,000
Rent 49,000 38,000
Depreciation and amortization 29,000 15,000
Professional fees 2,556,000 1,592,000
Research and development 299,000 113,000
Other general and administrative 105,000 334,000
Total Operating Expenses 3,924,000 3,462,000
Operating Loss (3,918,000) (3,410,000)
Other Income (Expense)    
Interest and dividend income 3,000
Interest Expense 20,000
Unrealized loss on trading securities (11,000) (15,000)
Total Other Expense (31,000) (12,000)
Loss from continuing operations (3,949,000) (3,422,000)
Loss on discontinued operations (2,000) (35,000)
Net Loss $ (3,951,000) $ (3,457,000)
Loss from continuing operations    
Basic and Diluted earnings per share $ (0.02) $ (0.02)
Loss on discontinued operations    
Basic and Diluted earnings per share
Net Loss    
Basic and Diluted earnings per share $ (0.02) $ (0.02)
Weighted Average Common Shares    
Basic and Diluted 186,355,488 159,333,637

Source

v3.8.0.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net loss for the period $ (3,951,000) $ (3,457,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (2,000) (35,000)
Depreciation and amortization 29,000 15,000
Common stock issued for employee compensation 625,000 847,000
Common stock, options and warrants issued for services 1,712,000 1,065,000
Vesting of options and warrants granted for services 674,000 402,000
Vesting of shares of common stock issued for services 46,000
Unrealized loss on trading securities (11,000) (15,000)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivables (1,000) 3,000
Decrease in other receivables (100,000)
Decrease (increase) in prepaid expenses (16,000) 5,000
Increase in accounts payable and accrued liabilities 51,000 43,000
Increase in accrued interest on line of credit - related party 14,000
Net Cash Used in Operating Activities from Continuing Operations (816,000) (897,000)
Net Cash Used in Operating Activities from Discontinued Operations (2,000) (11,000)
Net Cash Used in Operating Activities (818,000) (908,000)
Cash Flows From Investing Activities:    
Net Cash (Used in) Provided by Investing Activities
Cash Flows From Financing Activities:    
Proceeds from sale of common stock 605,000
Proceeds from short-term advances - related party 5,000
Proceeds from line of credit - related party 200,000
Net Cash Provided by Financing Activities 810,000
Net Decrease in Cash (8,000) (908,000)
Cash and cash equivalents at beginning of period 86,000 3,204,000
Cash and cash equivalents at end of period 78,000 2,296,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the period
Income taxes paid during the period

Source