Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Interest revenue $ 313,592 $ 386,565 $ 976,453 $ 1,238,280
Other revenue 39,161 20,805 86,382 50,414
TOTAL REVENUES 352,753 407,370 1,062,835 1,288,694
OPERATING EXPENSES        
Salaries and compensation 250,188 419,144 1,071,879 658,347
Other operating expenses 124,075 104,985 385,017 299,551
Provision for credit losses 68,061 300,205 347,163 919,529
Advertising 8,192 180,808 14,572 184,268
Rent 11,761 23,826 47,477 52,715
Public company and corporate finance expenses 155,044 449,321 1,019,263 1,644,856
Depreciation and amortization 1,425 1,451 4,274 4,495
TOTAL OPERATING EXPENSES 618,746 1,479,740 2,889,645 3,763,761
LOSS FROM OPERATIONS (265,993) (1,072,370) (1,826,810) (2,475,067)
OTHER INCOME (EXPENSE)        
Loss on sale of marketable securities (194) (153,514)
Legal settlements and related fees (624,283) (624,283)
Miscellaneous income 11 74 108 363
TOTAL OTHER INCOME (EXPENSE) 11 (624,209) (86) (777,434)
NET LOSS (265,982) (1,696,579) (1,826,896) (3,252,501)
Net loss attributable to common stockholders (265,982) (1,696,579) (1,826,896) (3,252,501)
CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)        
Unrealized loss on marketable securities (194) (153,514)
Less: Reclassified adjustment for losses included in net loss 194 153,514
Comprehensive loss attributable to common stockholders $ (265,982) $ (1,826,896) $ (3,252,501)
Net loss attributable to common stock per share, basic and diluted $ (0.02) $ (0.13) $ (0.10) $ (0.30)
Weighted average number of common shares outstanding, basic and diluted 17,453,137 12,708,547 17,459,974 10,901,436

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