Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue    
Copyright settlement revenue $ 392,971 $ 832,215
Consulting revenue 385,244
Total revenue 778,215 832,215
Operating expenses:    
Copyright holder fees 214,653 439,724
Sales and marketing 3,376 216,274
General and administrative 2,423,249 4,498,519
Loss on settlements 200,000
Depreciation and amortization 88,407 114,652
Total operating expenses 2,729,685 5,469,169
Loss from operations (1,951,470) (4,636,954)
Other income (expenses):    
Interest expense (31,637) (6,270)
Change in fair value of derivative liabilities 627,360 1,208,657
Total other income (expenses) 595,723 1,202,387
Net loss $ (1,355,747) $ (3,434,567)
Net loss per share - basic and diluted $ (0.01) $ (0.04)
Weighted average common shares - basic and diluted 120,430,719 94,120,902