Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Jun. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:          
Construction revenue $ 1,326,005 $ 238,781   $ 2,728,462 $ 238,781
Engineering services 68,947 76,929   272,817 76,929
Total 1,394,952 315,710   3,001,279 315,710
Cost of revenue:          
Construction revenue 1,242,113 189,520   2,375,139 189,520
Engineering services 54,942 68,423   229,227 68,423
Total 1,297,055 257,943   2,604,366 257,943
Gross profit 97,897 57,767   396,913 57,767
Operating expenses:          
Payroll and related expenses 749,407 155,455   1,385,005 155,455
General and administrative expenses 324,794 236,804   1,048,853 236,804
Marketing and business development expense 56,343 16,196   122,529 16,196
Pre-project expenses 11,657 22,633   28,304 22,633
Total 1,142,201 431,088   2,584,691 431,088
Operating loss (1,044,304) (373,321)   (2,187,778) (373,321)
Other income (expense):          
Interest expense (123,412)   (330,388) (123,412)
Interest income 3 3   11 3
Other income 1,000   1,000
Loss on conversion of convertible debentures       (1,018,475)  
Change in fair value of financial instruments 18,345   96,327 18,345
Total 1,003 (105,064)   (1,251,525) (105,064)
Net loss before reorganization items (1,043,301) (478,385)   (3,439,303) (478,385)
Reorganization items:          
Legal and professional fees (64,821)   (64,821)
Gain on reorganization      
Total (64,821)   (64,821)
Net loss $ (1,043,301) $ (543,206)   $ (3,439,303) $ (543,206)
Net loss per share - basic and diluted:          
Basic and diluted $ (0.25) $ (1.11)   $ (2.09) $ (1.11)
Weighted average shares outstanding:          
Basic and diluted 4,177,890 491,357   1,647,916 491,357
Predecessor          
Revenue:          
Construction revenue     $ 1,004,216    
Engineering services     52,007    
Total     1,056,223    
Cost of revenue:          
Construction revenue     816,076    
Engineering services     43,898    
Total     859,974    
Gross profit     196,249    
Operating expenses:          
Payroll and related expenses     367,254    
General and administrative expenses     557,069    
Marketing and business development expense     22,729    
Pre-project expenses     26,411    
Total     973,463    
Operating loss     (777,214)    
Other income (expense):          
Interest expense     (429,017)    
Interest income     8    
Other income        
Loss on conversion of convertible debentures        
Change in fair value of financial instruments        
Total     (429,009)    
Net loss before reorganization items     (1,206,223)    
Reorganization items:          
Legal and professional fees     (171,893)    
Gain on reorganization     713,379    
Total     541,486    
Net loss     $ (664,737)    
Net loss per share - basic and diluted:          
Basic and diluted     $ (0.02)    
Weighted average shares outstanding:          
Basic and diluted     42,918,927