Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Other (income) expense:        
Extinguishment of debt     $ (225,092)  
Successor [Member]        
Net revenues $ 432,534   704,522  
Cost of sales 185,270   274,204  
Gross profit 247,264   430,318  
Operating expenses:        
Advertising and marketing expenses 141,153   223,295  
Stock based compensation - related party 361,660   407,651  
General and administrative 359,778   755,807  
Total operating expenses 862,591   1,386,753  
Loss from operations (615,327)   (956,435)  
Other (income) expense:        
Change in fair value of warrant liabilities (185,374)   (139,612)  
Change in fair value of derivative liabilities (282,317)   (247,515)  
Extinguishment of debt 691,371   691,371  
Other income    
Interest expense 128,478   317,639  
Total other expense 352,158   621,883  
Loss before income taxes (967,485)   (1,578,318)  
Income taxes    
Net loss $ (967,485) $ (59,070) $ (1,578,318)  
Net loss per share, basic and diluted (in dollars per share) $ (0.02)   $ (0.04)  
Weighted average number of shares outstanding Basic and diluted (in shares) 44,331,733   44,020,039  
Predecessor [Member]        
Net revenues   521,505   $ 1,095,166
Cost of sales   219,951   496,606
Gross profit   301,554   598,560
Operating expenses:        
Advertising and marketing expenses   85,273   208,564
Stock based compensation - related party    
General and administrative   229,269   631,327
Total operating expenses   314,542   839,891
Loss from operations   (12,988)   (241,331)
Other (income) expense:        
Change in fair value of warrant liabilities    
Change in fair value of derivative liabilities    
Extinguishment of debt    
Other income   (3,500)   (2,375)
Interest expense   49,582   82,852
Total other expense   46,082   80,477
Loss before income taxes   (59,070)   (321,808)
Income taxes    
Net loss   $ (59,070)   $ (321,808)
Net loss per share, basic and diluted (in dollars per share)   $ (0.01)   $ (0.03)
Weighted average number of shares outstanding Basic and diluted (in shares)   10,032,000   10,032,000