v3.19.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 36,000 $ 24,000
Accounts receivable, net 35,000  
Prepaid expenses 19,000  
Trading securities, at market value 1,000  
Total Current Assets 91,000  
Property and equipment, net 67,000  
Capitalized gaming assets and licensing rights, net 118,000  
Intangible assets, net 7,000  
Operating lease right-of-use asset 91,000  
Other assets 6,000  
TOTAL ASSETS 380,000  
Current Liabilities:    
Accounts payable and accrued liabilities 1,206,000  
Related party short-term advances 1,099,000  
Related party line of credit 1,117,000  
Convertible note payable, net 542,000  
Operating lease liability - current portion 66,000  
Current liabilities of discontinued operations 22,000  
Total Current Liabilities 4,052,000  
Operating lease liability 39,000  
Total Liabilities 4,091,000  
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of September 30, 2019 and December 31, 2018 13  
Common Stock, $0.0001 par value, 750,000,000 shares authorized 200,055,131 and 198,305,131 shares issued and outstanding as of September 30, 2019 and December 31, 2018 20,005  
Additional paid-in capital 53,445,982  
Accumulated deficit (57,177,000)  
Total Stockholders' (Deficit) (3,711,000) (2,666,000)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) 380,000  
Restated [Member]    
Current Assets:    
Cash and cash equivalents   24,000
Accounts receivable, net   62,000
Prepaid expenses   21,000
Trading securities, at market value   4,000
Total Current Assets   111,000
Property and equipment, net   94,000
Capitalized gaming assets and licensing rights, net   122,000
Intangible assets, net   9,000
Operating lease right-of-use asset   110,000
Other assets   6,000
TOTAL ASSETS   452,000
Current Liabilities:    
Accounts payable and accrued liabilities   1,145,000
Related party short-term advances   320,000
Related party line of credit   1,068,000
Convertible note payable, net   432,000
Operating lease liability - current portion   39,000
Current liabilities of discontinued operations   22,000
Total Current Liabilities   3,026,000
Operating lease liability   92,000
Total Liabilities   3,118,000
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of September 30, 2019 and December 31, 2018   13
Common Stock, $0.0001 par value, 750,000,000 shares authorized 200,055,131 and 198,305,131 shares issued and outstanding as of September 30, 2019 and December 31, 2018   19,830
Additional paid-in capital   53,265,157
Accumulated deficit   (55,951,000)
Total Stockholders' (Deficit)   (2,666,000)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)   452,000
Class A Preferred Stock [Member]    
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of September 30, 2019 and December 31, 2018 11  
Total Stockholders' (Deficit) 11 11
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) 11  
Class A Preferred Stock [Member] | Restated [Member]    
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of September 30, 2019 and December 31, 2018   11
Total Stockholders' (Deficit)   11
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)   11
Class E Preferred Stock [Member]    
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of September 30, 2019 and December 31, 2018 2  
Total Stockholders' (Deficit) 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) $ 2  
Class E Preferred Stock [Member] | Restated [Member]    
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of September 30, 2019 and December 31, 2018   2
Total Stockholders' (Deficit)   2
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)   $ 2

Source

v3.19.3
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Game Revenues $ 10,000 $ 116,000 $ 44,000 $ 143,000
Related party service revenues 8,000 80,000 60,000 80,000
Total Revenues 18,000 196,000 104,000 223,000
Expenses        
Labor and related expenses 195,000 191,000 716,000 1,312,000
Rent 36,000 37,000 110,000 125,000
Depreciation and amortization 11,000 28,000 33,000 85,000
Professional fees 15,000 445,000 81,000 3,519,000
Research and development 70,000 (137,000) 44,000 (590,000)
Other general and administrative 84,000 154,000 248,000 381,000
Total Operating Expenses 271,000 992,000 1,144,000 6,012,000
Operating Loss (253,000) (796,000) (1,040,000) (5,789,000)
Other Income (Expense)        
Interest Income (Expense) 7,000 (135,000) (183,000) (239,000)
Gain on cancellation of shares 5,000 118,000
Unrealized loss on trading securities 1,000 7,000 3,000 36,000
Total Other Income (Expense) 6,000 (137,000) (186,000) (157,000)
Loss from continuing operations (247,000) (933,000) (1,226,000) (5,946,000)
Loss on discontinued operations (2,000)
Net Loss $ (247,000) $ (933,000) $ (1,226,000) $ (5,948,000)
Loss from continuing operations        
Basic and Diluted earnings per share $ (0.01) $ (0.03)
Loss on discontinued operations        
Basic and Diluted earnings per share
Net Loss        
Basic and Diluted earnings per share $ (0.01) $ (0.03)
Weighted Average Common Shares        
Basic and Diluted 200,055,131 198,811,004 199,624,728 192,273,878

Source

v3.19.3
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended 21 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Sep. 30, 2019
Cash Flows From Operating Activities:              
Net loss for the period $ (450,000) $ (933,000) $ (3,951,000) $ (1,226,000) $ (5,948,000)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Loss on discontinued operations     (2,000)    
Depreciation and amortization   28,000   33,000 85,000    
Common stock issued for employee compensation       131,000      
Common stock, options and warrants issued for services            
Vesting of options and warrants granted for services            
Gain on cancellation of common stock            
Amortization of debt discount on convertible notes payable       62,000      
Unrealized loss on trading securities   7,000   3,000 36,000    
Changes in operating assets and liabilities:              
Decrease (increase) in accounts receivables       (27,000)      
Decrease in prepaid expenses       (2,000)      
Decrease in other assets            
Increase in accounts payable and accrued liabilities       61,000      
Decrease in operating lease liability       (7,000)      
Increase in accrued interest on short-term advances - related party       30,000      
Increase in accrued interest on line of credit - related party       49,000      
Increase in accrued interest on convertible notes payable       20,000      
Increase in liquidated damages on convertible notes payable       78,000      
Net Cash Used in Operating Activities from Continuing Operations       (737,000)      
Net Cash Used in Operating Activities from Discontinued Operations            
Net Cash Used in Operating Activities       (737,000)      
Cash Flows From Investing Activities:              
Purchase of licensing rights            
Net Cash Used in Investing Activities            
Cash Flows From Financing Activities:              
Proceeds from sale of common stock            
Proceeds from short-term advances - related party       749,000      
Proceeds from line of credit - related party            
Proceeds from convertible notes payable            
Net Cash Provided by Financing Activities       749,000      
Net Increase (Decrease) in Cash       12,000      
Cash and cash equivalents at beginning of period 24,000     24,000      
Cash and cash equivalents at end of period       36,000   $ 24,000 $ 36,000
Supplemental Disclosure of Interest and Income Taxes Paid:              
Interest paid during the period            
Income taxes paid during the period            
Supplemental Disclosure of Non-cash Investing and Financing Activities:              
Partial conversion of notes payable to common stock       50,000      
Restated [Member]              
Cash Flows From Operating Activities:              
Net loss for the period         (5,948,000)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Loss on discontinued operations         (2,000)    
Depreciation and amortization         85,000    
Common stock issued for employee compensation         625,000    
Common stock, options and warrants issued for services         2,350,000    
Vesting of options and warrants granted for services         743,000    
Gain on cancellation of common stock         118,000    
Amortization of debt discount on convertible notes payable         147,000    
Unrealized loss on trading securities         36,000    
Changes in operating assets and liabilities:              
Decrease (increase) in accounts receivables         79,000    
Decrease in prepaid expenses         (9,000)    
Decrease in other assets         (10,000)    
Increase in accounts payable and accrued liabilities         378,000    
Decrease in operating lease liability         (5,000)    
Increase in accrued interest on short-term advances - related party         2,000    
Increase in accrued interest on line of credit - related party         45,000    
Increase in accrued interest on convertible notes payable         18,000    
Increase in liquidated damages on convertible notes payable            
Net Cash Used in Operating Activities from Continuing Operations         (1,700,000)    
Net Cash Used in Operating Activities from Discontinued Operations         (2,000)    
Net Cash Used in Operating Activities         (1,702,000)    
Cash Flows From Investing Activities:              
Purchase of licensing rights         25,000    
Net Cash Used in Investing Activities         (25,000)    
Cash Flows From Financing Activities:              
Proceeds from sale of common stock         905,000    
Proceeds from short-term advances - related party         178,000    
Proceeds from line of credit - related party         200,000    
Proceeds from convertible notes payable         400,000    
Net Cash Provided by Financing Activities         1,683,000    
Net Increase (Decrease) in Cash         (44,000)    
Cash and cash equivalents at beginning of period $ 24,000   $ 86,000 $ 24,000 86,000 86,000 $ 86,000
Cash and cash equivalents at end of period   $ 42,000     42,000 $ 24,000  
Supplemental Disclosure of Interest and Income Taxes Paid:              
Interest paid during the period            
Income taxes paid during the period            
Supplemental Disclosure of Non-cash Investing and Financing Activities:              
Partial conversion of notes payable to common stock            

Source