Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Revenues $ 519,622 $ 36,629,276
Operating costs and expenses    
Cost of revenue, including amortization of patents 3,470,847 26,517,477
Compensation and related taxes 4,362,371 5,483,031
Consulting fees 537,695 1,279,092
Professional fees 2,797,648 1,797,922
General and administrative 831,001 840,179
Goodwill impairment 228,401 4,336,307
Patent impairment 2,475,149 11,958,882
Total operating expenses 14,703,112 52,212,890
Operating loss (14,183,490) (15,583,614)
Other income (expenses)    
Other expenses (3,173,341) (57,454)
Foreign exchange loss (463,821) (367,847)
Gain on settlement of liabilities 2,970,313
Loss on sale or disposal of subsidiaries, net (2,610,783)
Gain on Fortress debt settlement 11,940,493
Change in fair value adjustment of Clouding IP earn out 1,482,012 1,832,872
Change in fair value of warrant liability (21,855,723)
Gain on warrants exchanged for common stock (980,400)
Gain on exchange of warrants to series E 305,358
Amortization of debt discount (3,561,109)
Interest income 2,793 4,353
Interest expense (1,309,823) (3,140,375)
Loss before income taxes (31,437,521) (17,312,065)
Income tax benefit (expense) 103,952 (11,516,807)
Net loss (31,333,569) (28,828,872)
Net income attributable to non-controlling interests 163,848
Net loss attributable to common stockholders $ (31,333,569) $ (28,665,024)
Net loss attributable to common stockholders per share, basic and diluted: $ (4.80) $ (7.55)
Weighted average shares outstanding, basic and diluted: 6,522,649 3,794,514