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

Source

v3.19.1
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 258,000  
Related party service revenues 130,000  
Gross Margin 388,000  
Expenses    
Labor and related expenses 1,558,000  
Rent 163,000  
Depreciation and amortization 115,000  
Professional fees 3,463,000  
Research and development 746,000  
Other general and administrative 466,000  
Total Operating Expenses 6,511,000  
Operating Loss (6,123,000)  
Other Income (Expense)    
Interest and dividend income  
Interest Expense 486,000  
Loss on write-down of assets (575,000)  
Gain on cancellation of shares 118,000  
Unrealized gain (loss) on trading securities (44,000)  
Total Other Expense (987,000)  
Loss from continuing operations (7,110,000)  
Income (Loss) on discontinued operations 1,000  
Net Loss $ (7,109,000)  
Loss from continuing operations    
Basic and Diluted earnings per share $ (0.04)  
Income (Loss) on discontinued operations    
Basic and Diluted earnings per share  
Net Loss    
Basic and Diluted earnings per share $ (0.04)  
Weighted Average Common Shares    
Basic and Diluted 193,493,890  
Restated [Member]    
Revenues   $ 128,000
Related party service revenues  
Gross Margin   128,000
Expenses    
Labor and related expenses   2,358,000
Rent   186,000
Depreciation and amortization   105,000
Professional fees   5,555,000
Research and development   1,666,000
Other general and administrative   502,000
Total Operating Expenses   10,372,000
Operating Loss   (10,244,000)
Other Income (Expense)    
Interest and dividend income   4,000
Interest Expense   11,000
Loss on write-down of assets   (5,381,000)
Gain on cancellation of shares  
Unrealized gain (loss) on trading securities   (11,000)
Total Other Expense   (5,399,000)
Loss from continuing operations   (15,643,000)
Income (Loss) on discontinued operations   (132,000)
Net Loss   $ (15,775,000)
Loss from continuing operations    
Basic and Diluted earnings per share   $ (0.09)
Income (Loss) on discontinued operations    
Basic and Diluted earnings per share  
Net Loss    
Basic and Diluted earnings per share   $ (0.09)
Weighted Average Common Shares    
Basic and Diluted   166,433,807

Source

v3.19.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:    
Net loss for the period $ (7,109,000)  
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on discontinued operations 1,000  
Loss on write-down of assets (575,000)  
Depreciation and amortization 115,000  
Compensation expense recorded upon sale of common stock  
Common stock issued for employee compensation 673,000  
Common stock issued for professional fees 1,968,000  
Vesting of options and warrants granted for services 1,031,000  
Gain on cancellation of common stock 118,000  
Vesting of shares of common stock issued for services  
Amortization of debt discounts on convertible notes payable 241,000  
Unrealized loss on trading securities (44,000)  
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivables 58,000  
Decrease in other receivables  
(Increase) decrease in prepaid expenses (14,000)  
(Increase) decrease in other assets (10,000)  
Increase in accounts payable and accrued liabilities 663,000  
Increase in accrued interest on short-term advances - related party 6,000  
Increase in accrued interest on line of credit - related party 61,000  
Increase in accrued interest and liquidated damages on convertible notes payable 54,000  
Net Cash Used in Operating Activities from Continuing Operations (1,831,000)  
Net Cash Provided by (Used in) Operating Activities from Discontinued Operations 1,000  
Net Cash Used in Operating Activities (1,830,000)  
Cash Flows From Investing Activities:    
Purchase of licensing rights 50,000  
Net Cash Used in Investing Activities (50,000)  
Cash Flows From Financing Activities:    
Proceeds from sale of common stock 905,000  
Proceeds from short-term advances - related party 313,000  
Proceeds from line of credit - related party 200,000  
Proceeds from convertible notes payable 400,000  
Net Cash Provided by Financing Activities 1,818,000  
Net decrease in Cash (62,000)  
Cash and cash equivalents at beginning of period 86,000  
Cash and cash equivalents at end of period 24,000 $ 86,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the year 6,000  
Income taxes paid during the year  
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued and options granted for litigation settlement 1,983,000  
Debt discounts on convertible notes payable 263,000  
Common stock issued and options granted for game acquisition  
Reclassification of other assets to capitalized licensing rights  
Restated [Member]    
Cash Flows From Operating Activities:    
Net loss for the period   (15,775,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Gain) loss on discontinued operations   (132,000)
Loss on write-down of assets   (5,381,000)
Depreciation and amortization   105,000
Compensation expense recorded upon sale of common stock   210,000
Common stock issued for employee compensation   1,109,000
Common stock issued for professional fees   3,758,000
Vesting of options and warrants granted for services   737,000
Gain on cancellation of common stock  
Vesting of shares of common stock issued for services   46,000
Amortization of debt discounts on convertible notes payable  
Unrealized loss on trading securities   (11,000)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivables   (27,000)
Decrease in other receivables   (100,000)
(Increase) decrease in prepaid expenses   10,000
(Increase) decrease in other assets   10,000
Increase in accounts payable and accrued liabilities   152,000
Increase in accrued interest on short-term advances - related party  
Increase in accrued interest on line of credit - related party   7,000
Increase in accrued interest and liquidated damages on convertible notes payable  
Net Cash Used in Operating Activities from Continuing Operations   (4,020,000)
Net Cash Provided by (Used in) Operating Activities from Discontinued Operations   (98,000)
Net Cash Used in Operating Activities   (4,118,000)
Cash Flows From Investing Activities:    
Purchase of licensing rights   100,000
Net Cash Used in Investing Activities   (100,000)
Cash Flows From Financing Activities:    
Proceeds from sale of common stock   300,000
Proceeds from short-term advances - related party  
Proceeds from line of credit - related party   800,000
Proceeds from convertible notes payable  
Net Cash Provided by Financing Activities   1,100,000
Net decrease in Cash   (3,118,000)
Cash and cash equivalents at beginning of period $ 86,000 3,204,000
Cash and cash equivalents at end of period   86,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the year  
Income taxes paid during the year  
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Common stock issued and options granted for litigation settlement  
Debt discounts on convertible notes payable  
Common stock issued and options granted for game acquisition   5,652,000
Reclassification of other assets to capitalized licensing rights   $ 100,000

Source