v3.19.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 26,000 $ 24,000
Accounts receivable, net 24,000  
Prepaid expenses 19,000  
Trading securities, at market value 2,000  
Total Current Assets 71,000  
Property and equipment, net 85,000 94,000
Capitalized gaming assets and licensing rights, net 121,000  
Intangible assets, net 8,000  
Operating lease right-of-use asset 105,000  
Other assets 6,000  
TOTAL ASSETS 396,000  
Current Liabilities:    
Accounts payable and accrued liabilities 1,126,000  
Related party short-term advances 534,000  
Related party line of credit 1,084,000  
Convertible note payable, net 491,000 432,000
Operating lease liability - Current Portion 32,000  
Current liabilities of discontinued operations 22,000  
Total Current Liabilities 3,289,000  
Operating lease liability 92,000  
Total Liabilities 3,381,000  
STOCKHOLDERS' (DEFICIT)    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 13  
Common Stock, $0.0001 par value, 750,000,000 shares authorized 199,555,131 and 198,305,131 shares issued and outstanding as of March 31, 2019 and December 31, 2018 19,955  
Additional paid-in capital 53,396,032  
Accumulated deficit (56,401,000)  
Total Stockholders' (Deficit) (2,985,000) (2,666,000)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) 396,000  
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 March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018   13
Common Stock, $0.0001 par value, 750,000,000 shares authorized 199,555,131 and 198,305,131 shares issued and outstanding as of March 31, 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 March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 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 March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 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 March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 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 March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018   2
Total Stockholders' (Deficit)   2
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)   $ 2

Source

v3.19.1
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Game Revenues $ 25,000 $ 6,000
Related party service revenues 52,000
Total Revenues 77,000 6,000
Expenses    
Labor and related expenses 326,000 886,000
Rent 38,000 49,000
Depreciation and amortization 11,000 29,000
Professional fees 50,000 2,556,000
Research and development 17,000 299,000
Other general and administrative 80,000 105,000
Total Operating Expenses 522,000 3,924,000
Operating Loss (445,000) (3,918,000)
Other Expense    
Interest Expense 3,000 20,000
Unrealized loss on trading securities 2,000 11,000
Total Other Expense (5,000) (31,000)
Loss from continuing operations (450,000) (3,949,000)
Loss on discontinued operations (2,000)
Net Loss $ (450,000) $ (3,951,000)
Loss from continuing operations    
Basic and Diluted earnings per share $ (0.02)
Loss on discontinued operations    
Basic and Diluted earnings per share
Net Loss    
Basic and Diluted earnings per share $ (0.02)
Weighted Average Common Shares    
Basic and Diluted 199,110,687 186,355,488
Diluted 199,110,687 186,355,488

Source

v3.19.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended 15 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Mar. 31, 2019
Cash Flows From Operating Activities:        
Net loss for the period $ (450,000) $ (3,951,000)    
Adjustments to reconcile net loss to net cash used in operating activities:        
Loss on discontinued operations (2,000)    
Depreciation and amortization 11,000 29,000    
Common stock issued for employee compensation 131,000      
Common stock, options and warrants issued for services      
Vesting of options and warrants granted for services      
Amortization of debt discount on convertible notes payable 53,000      
Unrealized loss on trading securities 2,000 11,000    
Changes in operating assets and liabilities:        
Decrease in accounts receivables (38,000)      
Decrease in prepaid expenses (2,000)      
Increase (decrease) in accounts payable and accrued liabilities (19,000)      
Decrease in operating lease liability (2,000)      
Increase in accrued interest on short-term advances - related party 5,000      
Increase in accrued interest on line of credit - related party 16,000      
Increase in accrued interest on convertible notes payable 6,000      
Net Cash Used in Operating Activities from Continuing Operations (207,000)      
Net Cash Used in Operating Activities from Discontinued Operations      
Net Cash Used in Operating Activities (207,000)      
Cash Flows From Investing Activities:        
Net Cash Used in Investing Activities      
Cash Flows From Financing Activities:        
Proceeds from sale of common stock      
Proceeds from short-term advances - related party 209,000      
Proceeds from line of credit - related party      
Net Cash Provided by Financing Activities 209,000      
Net Increase (Decrease) in Cash 2,000      
Cash and cash equivalents at beginning of period 24,000      
Cash and cash equivalents at end of period 26,000   $ 24,000 $ 26,000
Supplemental Disclosure of Interest and Income Taxes Paid:        
Interest paid during the year      
Income taxes paid during the year      
Restated [Member]        
Adjustments to reconcile net loss to net cash used in operating activities:        
Common stock issued for employee compensation   625,000    
Common stock, options and warrants issued for services   1,712,000    
Vesting of options and warrants granted for services   674,000    
Amortization of debt discount on convertible notes payable      
Changes in operating assets and liabilities:        
Decrease in accounts receivables   (1,000)    
Decrease in prepaid expenses   (16,000)    
Increase (decrease) in accounts payable and accrued liabilities   53,000    
Decrease in operating lease liability   (2,000)    
Increase in accrued interest on short-term advances - related party      
Increase in accrued interest on line of credit - related party   14,000    
Increase in accrued interest on convertible notes payable      
Net Cash Used in Operating Activities from Continuing Operations   (816,000)    
Net Cash Used in Operating Activities from Discontinued Operations   (2,000)    
Net Cash Used in Operating Activities   (818,000)    
Cash Flows From Investing Activities:        
Net Cash Used in 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 Increase (Decrease) in Cash   (8,000)    
Cash and cash equivalents at beginning of period $ 24,000 86,000 86,000 $ 86,000
Cash and cash equivalents at end of period   78,000 $ 24,000  
Supplemental Disclosure of Interest and Income Taxes Paid:        
Interest paid during the year      
Income taxes paid during the year      

Source