v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 86,000 $ 3,204,000
Accounts receivable, net 4,000 31,000
Other receivable 200,000
Prepaid expenses 35,000 25,000
Trading securities, at market value 48,000 59,000
Current assets of discontinued operations 50,000
Total Current Assets 173,000 3,569,000
Property and equipment, net 134,000 181,000
Capitalized gaming assets and licensing rights, net 743,000 40,000
Intangible assets, net 12,000 18,000
Other assets 16,000 6,000
Non-current assets of discontinued operations 46,000
TOTAL ASSETS 1,078,000 3,860,000
Current Liabilities:    
Accounts payable and accrued liabilities 878,000 116,000
Current liabilities of discontinued operations 22,000 60,000
Total Current Liabilities 900,000 176,000
Non-current related party line of credit 807,000
Total Liabilities 1,707,000 176,000
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, 2017 and 2016; 20,000 Class E shares issued and outstanding as of December 31, 2017 and 2016 13 13
Common Stock, $0.0001 par value, 750,000,000 shares authorized 181,128,950 and 157,637,026 shares issued and outstanding as of December 31, 2017 and 2016 18,112 15,763
Additional paid-in capital 46,561,875 34,752,224
Accumulated deficit (47,209,000) (31,084,000)
Total Stockholders' Equity (629,000) 3,684,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,078,000 3,860,000
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, 2017 and 2016; 20,000 Class E shares issued and outstanding as of December 31, 2017 and 2016 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 December 31, 2017 and 2016; 20,000 Class E shares issued and outstanding as of December 31, 2017 and 2016 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2

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v3.8.0.1
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Revenues $ 128,000 $ 139,000
Expenses    
Labor and related expenses 2,358,000 1,467,000
Rent 186,000 146,000
Depreciation and amortization 105,000 98,000
Professional fees 5,905,000 3,292,000
Research and development 1,666,000 1,151,000
Other general and administrative 502,000 740,000
Cost of acquisition option 472,000
Total Operating Expenses 10,722,000 7,366,000
Operating Loss (10,594,000) (7,227,000)
Other Income (Expense)    
Interest and dividend income 4,000 18,000
Interest Expense 11,000
Loss on write-down of assets (5,381,000)
Unrealized gain (loss) on trading securities (11,000) (57,000)
Loss on sale of marketable securities (95,000)
Total Other Expense (5,399,000) (134,000)
Loss from continuing operations (15,993,000) (7,361,000)
Loss on discontinued operations (132,000) (29,000)
Net Loss $ (16,125,000) $ (7,390,000)
Loss from continuing operations    
Basic and Diluted earnings per share $ (0.10) $ (0.05)
Loss on discontinued operations    
Basic and Diluted earnings per share
Net Loss    
Basic and Diluted earnings per share $ (0.10) $ (0.05)
Weighted Average Common Shares    
Basic and Diluted 166,443,807 154,092,844

Source

v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:    
Net loss for the period $ (16,125,000) $ (7,390,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (132,000) (29,000)
Loss on write-down of assets (5,381,000)
Depreciation and amortization 105,000 98,000
Common stock issued for employee compensation 1,109,000 413,000
Common stock issued for professional fees 3,758,000 1,951,000
Compensation expense recorded upon sale of common stock 210,000
Fair value of options granted for services (199,000)
Vesting of options and warrants granted for services 737,000 273,000
Vesting of shares of common stock issued for services 46,000
Fair value of options granted for acquisition option 472,000
Unrealized loss on trading securities (11,000) (57,000)
Loss on sale of trading securities (95,000)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivables (27,000) 25,000
(Increase) decrease in other receivables (100,000) 200,000
(Increase) decrease in prepaid expenses 10,000 (7,000)
Increase in other assets 10,000
Increase (decrease) in accounts payable and accrued liabilities 502,000 33,000
Increase in accrued interest on note payable - related party 7,000
Decrease in related party accounts payable (7,000)
Net Cash Used in Operating Activities from Continuing Operations (4,020,000) (3,995,000)
Net Cash Used in Operating Activities from Discontinued Operations (98,000) 66,000
Net Cash Used in Operating Activities (4,118,000) (3,929,000)
Cash Flows From Investing Activities:    
Purchase of licensing rights 100,000 10,000
Purchases of trading securities 510,000
Proceeds from sale of trading securities 783,000
Purchase of property and equipment 49,000
Net Cash (Used in) Provided by Investing Activities (100,000) 214,000
Cash Flows From Financing Activities:    
Proceeds from line of credit - related party 800,000
Proceeds from sale of common stock 300,000 15,000
Net Cash Provided by Financing Activities 1,100,000 15,000
Net decrease in Cash (3,118,000) (3,700,000)
Cash and cash equivalents at beginning of period 3,204,000 6,904,000
Cash and cash equivalents at end of period 86,000 3,204,000
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:    
Contributed capital from sale of trading securities 160,000
Common stock issued and options granted for game acquisition 5,652,000
Reclassification of other assets to capitalized licensing rights $ 100,000

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